Restoration Hardware Holdings, Inc. (RH) was a big mover last session with its shares rising nearly 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading way above the past one-month’s volatile price range of $62.65 to $66.47.
This home furnishings retailer has witnessed one negative estimate revision in the last 30 days. The Zacks Consensus Estimate has also moved lower over the same period. This implies trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s rally can last.
Restoration Hardware currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Investors interested in the broader retail sector may consider stocks like Advance Auto Parts Inc. (AAP), Barnes & Noble, Inc. (BKS) and Bon-Ton Stores Inc. (BONT). All the three stocks sport a Zacks Rank #1 (Strong Buy).
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RESTORATION HARDWARE HOLDINGS IN (RH): Free Stock Analysis Report
ADVANCE AUTO PARTS INC (AAP): Free Stock Analysis Report
BARNES & NOBLE INC (BKS): Free Stock Analysis Report
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