|Bid||114.07 x 900|
|Ask||117.85 x 800|
|Day's Range||113.48 - 117.38|
|52 Week Range||84.11 - 162.10|
|Beta (3Y Monthly)||1.54|
|PE Ratio (TTM)||18.88|
|Earnings Date||Sep 3, 2019 - Sep 9, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||132.67|
RH, formerly known as Restoration Hardware, is a huge winner today. The stock soaring after topping earnings expectations despite the looming trade war. Yahoo Finance's Jared Blikre joins Seana Smith.
Ignoring the market jitters and speculations, a few stocks have managed to score 10% or more in a month. So, picking up stocks from the space will be a prudent move.
RH shares have leapt almost 36% for the month to date after earnings beat expectations and the home retailer said the new Beach House collection is showing promise. RH reported fiscal first quarter net income of $35.7 million, or $1.43 per share, up from $25.5 million, or $1.01 cents per share, last year. Adjusted EPS of $1.85 blew past the FactSet consensus of $1.53. Revenue of $598.4 million was ahead of the $557.4 million reported last year and the FactSet estimate of $584.0 million. The company now expects fiscal 2019 adjusted EPS of $8.76 to $9.27, up from previous guidance for $8.05 to $8.69. "The top line is the primary story for Q1 in our opinion," wrote Stifel analysts in a note. Stifel rates RH shares buy with a $140 price target. "Confidence in underlying trends as well as new product lines such as RH Beach House led the company to materially raise full-year guidance by more than the Q1 beat," wrote Wedbush analysts, who rate RH stock outperform with a $160 price target. About 70% of the RH Beach House collection is new products. And Cowen analysts note that RH Chief Executive Gary Friedman seems pleased with the early indications on the collection's book. "We believe RH is redefining the $143 billion U.S. home furnishing market by using its scale and unique lifestyle approach to offer superior quality product at value unmatched by competitors," said Cowen. Analysts there maintain their market perform stock rating with a $120 price target. RH is up 2.2% in Tuesday trading, and down 3.5% for the year to date. The S&P 500 index is up 16.6% for the year to date.
Right now, the Fed has to be worried about how much inflation the next round of tariffs is going to cause versus how much the tariffs will hurt our growth.
RH (RH) today announced it has repaid the balance of its $350 million in 0.00% Convertible Senior Notes due 2019 at maturity. The Company used existing cash balances and borrowings under its revolving credit facility to complete the repayment on June 17, 2019 as expected.
Williams-Sonoma's (WSM) business is benefiting from improved e-commerce platform. However, higher costs and inflation pose risks.
One of the highest-profile and most well-connected women in Nashville's construction industry has joined a global company that built the massive LG Electronics factory in Clarksville, multiple WeWork co-working hubs and the new Restoration Hardware in Green Hills. Lizabeth Theiss is the new director of business development in the Nashville office of DPR Construction.
Friedman started off by saying that "people continue to misunderstand us." He said they're confused by their business model and assume that if retail is under attack, RH must be under attack as well. In reality, RH plays on a "different level," Friedman said, and that was proven in last quarter's surprising results. When asked about the effect of tariffs on RH's business, Friedman said he can't be over-reactive to short-term noise.
RH (RH) reported its first-quarter performance after the market closed on June 12. It outperformed both analysts’ revenue and EPS expectations. After RH's better-than-expected first-quarter results, its management raised its revenue and EPS guidance for 2019.
It was a victory for stocks on Thursday, though not a decisive one. The 0.41% gain logged by the S&P 500 keeps it above some important technical support, but one rough day could still put the broad market into something of a tailspin.Walt Disney (NYSE:DIS) shares did more than their fair share of the heavy lifting, up 4.4% largely after Morgan Stanley predicted its planned streaming product, Disney+, would be even more successful than most investors have given it credit for. Restoration Hardware Holdings (NYSE:RH), also just called RH, logged one of the biggest wins on Thursday though, rallying more than 15% after topping its fiscal first quarter estimates.At the other end of the spectrum, Twitter (NYSE:TWTR) fell 3.1% after MoffettNathanson analyst Michael Nathanson suggested the recent strength made it a good time to take some profits.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNone make for great trading options headed into the weekend though. Rather, it's the stock charts of Nektar Therapeutics (NASDAQ:NKTR), Vertex Pharmaceuticals (NASDAQ:VRTX) and Symantec (NASDAQ:SYMC) that present themselves as the top prospects. Here's why. Vertex Pharmaceuticals (VRTX)Vertex Pharmaceuticals is no stranger to big swings in both directions. In fact, big swings are the norm. These aren't just sizeable, trade-worthy movements though. They're actually pretty predictable in terms of size and scope. The turns are taking shape pretty much where they should, even if VRTX is incapable of moving anywhere in a straight line. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 The stock's back at a well-established technical floor now, suggesting a rebound move is nigh. This revisit of a familiar floor does look a little bit different though, in that the stock's struggled to push up and off of it. It may be a clue that the bears are just waiting to deal a proverbial death blow. Click to Enlarge • The range in question is plotted with white lines on both stock charts, tracing the major highs and lows going all the way back to 2017.• Bolstering the case for a bounce here is the fact that the stochastic indicator is into oversold territory. That's not a condition that's been allowed to last long for Vertex Pharmaceuticals, but…• …zooming out shows that VRTX has been hugging the floor in question since April. It should have rebounded by now. One or two rough days could break the support, perhaps unleashing a wave of pent-up selling. Nektar Therapeutics (NKTR)Nektar Therapeutics was beaten so badly last year that traders have been wary of stepping back into it now. But, to its credit, at least the bleeding has stopped. The few bulls still testing the waters have even established a technical floor since late last year.There's a much bigger method to the madness though. That is, the selling has been slowly but surely ground to a halt, and the would-be buyers are establishing a base from which to carry the stock higher again. While there's still much work to be done, that work is being done. Click to Enlarge • The floor in question is plotted in yellow on both stock charts, tagging all the key lows going back to late December.• Zooming out to the weekly chart we can see shares of NKTR have already started to poke through falling resistance lines.• The key to, and signal of, a fully established breakout thrust is the next move above the white 200-day moving average line at $40.86 and the weekly chart's Chaikin line moving back above the zero level. Symantec (SYMC)In late March Symantec was featured as a name that had been range-bound for several weeks, and of the effort to push above a well-established ceiling at the time failed, a retreat back to the lower boundary of that range was likely.SYMC did indeed punch through that ceiling, though it was a flawed break. With a gap left in the rearview mirror, shares started to peel back in May and eventually made their way back to the support portion of the range anyway. Since kissing that floor late last month though, the bulls appear to have regrouped and are ready to make the trip back to the ceiling again. Click to Enlarge • The range in question is between $17.50 and $23.60, marked with red and yellow lines on both stock charts.• The weekly chart also shows an oversold stochastic indicator, which more often than not does point where Symantec has moved to an unsustainable extreme.• Curiously, though shares have yet to make a solid upward move, the weekly chart's rising Chaikin line suggests there's a lot more buying interest than selling pressure in place right now.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post 3 Big Stock Charts for Friday: Symantec, Vertex Pharmaceuticals and Nektar Therapeutics appeared first on InvestorPlace.
Jim Cramer looks at retail, specifically the companies that are doing well for working-class Americans, and those that cater to high-end customers -- a 'barbell economy,' he says.
Restoration Hardware Holdings, Inc (NYSE: RH ) shares continued to spike Thursday, jumping more than 20% after the furniture retailer issued strong full-year guidance Wednesday and dismissed tariff concerns, ...
- formerly known as Restoration Hardware - were up big Thursday, closing higher by 15.8% at $109.91 after reporting better-than-expected earnings. RH stock went from $100 in late 2015 to $25 before mid-2016. Given the nature of the retail sector right now, many are hesitant to trust RH right now.
There was a slightly negative bias the last two days but the action today is more positive with better breadth and gains in the indices. This continues to be very productive action for the indices as it sets up a good base for a move through recent highs.
In the first quarter, RH's (RH) revenue rose 7.4% YoY (year-over-year) to $598.8 million from $557.4 million, beating analysts’ expectation of $584.0 million.
Strong earnings from RH and Lululemon highlight that there can still be success stories in the choppy world of retail.
Berry Petroleum, Vishay, lululemon and Restoration Hardware highlighted as Zacks Bull and Bear of the Day
Target, RH, Verizon, SunTrust, BB&T and Samsung are the companies to watch.