RH shares moves sharply higher during Monday's session amid a broader market recovery despite a death cross that occurred last week.

RH (NYSE: RH) To Our People, Partners, and Shareholders,

NEW YORK, NY / ACCESSWIRE / March 30, 2020 / RH (NYSE:RH) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 30, 2020 at 5:00 PM Eastern Time. To listen ...

RH shares plunged 12% in after-hours trading Monday after the parent company of Restoration Hardware reported fiscal fourth-quarter revenue and net income that fell far short of Wall Street estimates. RH reported net income of $68.4 million in the quarter, or $2.66 a share. Revenue dipped to $664.9 million from $670.9 million a year ago. Analysts surveyed by FactSet had expected net income of $3.59 a share on sales of $709 million. RH shares are up 14% in the last year. The broader S&P 500 index is down 8% in the last year.

Those holding RH (NYSE:RH) shares must be pleased that the share price has rebounded 35% in the last thirty days. But...

Luxury furniture company RH (NYSE: RH), formerly known as Restoration Hardware, is closed for business at its 83 retail locations. E-commerce and catalog orders are still an option for consumers, but RH is primarily a physical retail business. Based on stock performance, it's clear investors are betting on the success of e-commerce furniture companies in lieu of traditional brick-and-mortar retailers like RH.

Restoration Hardware (RH) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

RH (NYSE:RH) today announced fourth quarter and fiscal year 2019 results. Chairman & Chief Executive Officer Gary Friedman provided an update on the Company’s continued evolution and outlook in the attached letter to Our People, Partners, and Shareholders.

Sales of existing homes tumbled at the fastest rate in more than four years, the first signal of what’s to come during the crucial selling season as prospective home buyers remain sidelined amid the coronavirus crisis.

Q4 2019 RH Earnings Q&A Conference Call

Investors need to pay close attention to RH stock based on the movements in the options market lately.

Shares of several upscale apparel and home-goods companies were rising on Monday afternoon amid a broad-based market rally driven by a promising report from early trials of a COVID-19 vaccine. Capri Holdings (NYSE: CPRI) was up 12.2%. Ralph Lauren (NYSE: RL) was up 7.7%.

Those holding RH (NYSE:RH) shares must be pleased that the share price has rebounded 32% in the last thirty days. But...

RH, formerly known as Restoration Hardware, said Monday that it will temporarily furlough 2,300 employees and permanently cut 440 jobs, given uncertainties regarding when stores will reopen amid the COVID-19 pandemic. The stock shot up 10% in morning trading. "While we expect some portion of our business may resume on the basis of what state and local governments permit, the complete return to normal operations may occur over time rather than all at once," the home furnishings retailer said in a statement. The company said its executive leadership team will forgo 100% of their salaries until business stabilizes, while those with SVP and chief titles will have salaries reduced by 40%, and salaried employees will have salaries reduced 10%. RH said it will reduce fiscal 2020 capital expenditures by $130 million, cut expenses by $150 million. The stock has dropped 55% year to date, while the SPDR S&P Retail ETF has lost 38% and the S&P 500 has declined 20%.

Activist investor and famed short seller Andrew Left of Citron Research said Tuesday that Restoration Hardware Holdings, Inc (NYSE: RH) is the "clear winner" of a potential large scale shift in American workers outside of expensive, densely populated urban centers.Left published a bullish note on his latest long position Restoration Hardware on Tuesday and set a $400 price target for the stock. The price target implies roughly 100% upside from current levels, but Left said he wouldn't be surprised if the stock made it to $800 in time as Wall Street begins to fully appreciate the power of its business model.The ThesisLeft said many of the top market performers of the past couple of months have been short-term work-from-home trades like Wayfair Inc (NYSE: W), but Restoration Hardware is a long-term play on what he sees as a secular shift in the US economy."Regardless of the possibility of a vaccine, the trend of moving out of cities to the suburbs for larger living spaces where people can work from home and the home is a sanctuary will be long-lasting," Left said.Left said Restoration Hardware's target customer demographic is the "upwardly mobile and style conscious consumer" that will soon be looking to move to the suburbs in the modern remote work environment. Left pointed out that the average order size on Wayfair is $235, whereas the most popular Restoration Hardware item is a $10,000 cloud couch.The company is optimistic it can grow its revenue from between $2 billion and $3 billion today to $20 billion in the long term. Left said even if the company only makes it halfway to that goal, $10 billion in revenue implies at least a $1,000 stock price.'Hyper Speed'In the near term, Left says the company should generate the strength of its business by posting positive revenue growth in the second quarter, the quarter many analysts say will mark the bottom of the current downturn.Left said the valuation gap between Restoration Hardware and both Wayfair and other luxury brands has never been wider."We have always been a fan of the product and the stock and now the new way of living will propel this business model into hyper speed," Left wrote.Left Not AloneLeft has at least one high-profile investor in his corner. Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) started buying shares of Restoration Hardware in the second half of last year and now holds a $339.9 million position in the stock.Related Links:Citron Questions Inovio's 'Robust' Preclinical Coronavirus Vaccine Announcement, Sees 90% Downside Ahead Citron Shorts Tesla, Again: 'Even Elon Would Short The Stock Here'Latest Ratings for RH DateFirmActionFromTo Apr 2020Gordon HaskettDowngradesHoldUnderperform Apr 2020BarclaysMaintainsOverweight Mar 2020UBSMaintainsNeutral View More Analyst Ratings for RH View the Latest Analyst Ratings See more from Benzinga * NYSE To Reopen Trading Floor On Limited Basis * Analyst: Why Penn National And Boyd Could Outperform As US Casinos Reopen * What The Yield Curve Is Saying About The Stock Market Rally(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Restoration Hardware (RH) closed the most recent trading day at $121.90, moving -0.79% from the previous trading session.

What happened Shares of many apparel and home-goods stores did very well in April, as investors grew more upbeat about their cash situations and ability to withstand store-closures amid the coronavirus pandemic — and, later in the month, about the growing likelihood of seeing stores reopen in May.

Restoration Hardware (RH) delivered earnings and revenue surprises of 3.62% and -6.28%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Restoration Hardware (RH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.