RH Stock: A Difficult Q1 With A Concerning Outlook
RHRH(RH) Seeking Alpha·2024-06-15 03:05
JHVEPhoto Shares of RH (NYSE:RH) plunged 18% on Friday after reporting a disappointing earnings report. This adds to a year of underperformance, with shares down nearly 20%. I last covered RH in March, rating shares a “hold,” while urging investors to rotate into other housing-sensitive stocks, like the home builders who have performed better. In hindsight, this recommendation was not sufficiently cautious, with shares down 31% since that analysis. As such, now is a critical time to review RH. Seeking A ...