RH Stock Summary and Trading Ideas (RH | NYSE:RH)

RH is a luxury retailer operating in the $134 billion domestic furniture and home furnishing industry. The firm offers merchandise across many categories including furniture, lighting, textiles, bath, decor, children, and is growing the presence of its hospitality business (with 16 restaurant locations). RH innovates, curates, and integrates products, categories, services, and businesses across channels and brand extensions (RH Modern and Waterworks, for example). RH is fully integrated across channels, and is positioned to broaden its total addressable market over the next decade by expanding abroad, and with its World of RH digital platform (highlighting offerings outside of home furnishings), along with future offerings in color, bespoke furniture, architeture, media, and more.

RH trades on the NYSE stock market under the symbol RH.

As of April 24, 2024, RH stock price climbed to $250.72 with 296,208 million shares trading.

RH has a beta of 2.98, meaning it tends to be more sensitive to market movements. RH has a correlation of 0.34 to the broad based SPY ETF.

RH has a market cap of $4.59 billion. This is considered a Mid Cap stock.

Last quarter RH reported $738 million in Revenue and $.72 earnings per share. This fell short of revenue expectation by $-39 million and missed earnings estimates by -$.95.

In the last 3 years, RH stock traded as high as $744.56 and as low as $207.26.

The top ETF exchange traded funds that RH belongs to (by Net Assets): VTI, VB, IJH, VXF, VBK.

RH has underperformed the market in the last year with a price return of +2.3% while the SPY ETF gained +24.2%. RH has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.7% and -13.2%, respectively, while the SPY returned +4.5% and -2.7%, respectively.

RH support price is $239.54 and resistance is $257.58 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RH stock will trade within this expected range on the day.