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RH Catches Eye: Stock Jumps 7.6%

Zacks Equity Research

RH RH was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $172.68 –$188.59 in the past one-month time frame, witnessed a sharp increase on Friday.

The stock gained after Berkshire Hathaway revealed a new stake in the company.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

RH currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Restoration Hardware Holdings Inc. Price

Restoration Hardware Holdings Inc. Price

Restoration Hardware Holdings Inc. price | Restoration Hardware Holdings Inc. Quote

Investors interested in the Retail-Wholesale sector may consider Buckle, Inc. BKE, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is RH going up? Or down? Predict to see what others think:Up or Down

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