RH, also known as Restoration Hardware, is a retailer of home furnishing goods such as furniture, lighting and many products that allow homeowners to decorate their homes to their desired style.
The stock closed Monday at $102.39, up 233.5% year to date and solidly in bull market territory at 319.5% above its post-election low of $24.41 set on Feb. 7. The stock set its post-election high of $107.48 on Nov. 17, which is also its all-time intraday high, just above its November 2015 high of $106.49.
The stock has been on a volatile ride – from $106.49 down 77% to $24.41, then up 340% to $107.48. The daily and weekly charts below show how investors and traders captured portions of this volatility.
Analysts expect Restoration Hardware to post earnings per share between $1.03 and $1.04 when it reports results after the closing bell on Dec. 5. The upside since February was a result of positive surprises over the past three quarters in earnings releases on Feb. 23, June 1 and Sept. 6. Thus, the company’s efforts to redesign its supply chain have been considered a success. (See also: RH Q2 Earnings Beat Estimates, Shares Gain on Strong View.)
Restoration Hardware reports earnings with an elevated P/E ratio. The stock is above a “golden cross” with overbought weekly momentum. …read more
Read more here: RH Furnishes EPS Above ‘Golden Cross’ With Mojo