About 

RH (NYSE:RH) Stock, Quote.Headers.trade-ideas

RH is a luxury furniture and lifestyle retailer operating in the $134 billion domestic furniture and home furnishing industry. The firm offers merchandise across many categories including furniture, lighting, textiles, bath, decor, and children and is growing the presence of its hospitality business with 18 restaurant locations. RH innovates, curates, and integrates products, categories, services, and businesses across channels and brand extensions (RH Modern and Waterworks, for example). RH is fully integrated across channels and is positioned to broaden its addressable market over the next decade by expanding abroad, with its World of RH digital platform (highlighting offerings outside of home furnishings), and with offerings in color, bespoke furniture, architecture, media, and more.

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This Analyst With 86% Accuracy Rate Sees Around 9% Upside In RH - Here Are 5 Stock Picks For Last Week From Wall Street&#39;s Most Accurate Analysts

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7 mid-cap stocks with impressive gains last week: CDE, MPW, NGD, RH, AUR, TWST, ALHC. Positive news and financial results drove the surge.

Coeur Mining, Medical Properties Trust And RH Are Among Top 7 Mid Cap Stock Gainers Last Week (Sep 8-Sep 14): Are The Others In Your Portfolio?

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ROYAL HELIUM LIMITED by Royal Helium Limited

Royal Helium Ltd

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Ryman Healthcare Ltd

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Regional Health Properties, Inc. Common Stock

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REGIONAL HLTH PPTY B PFD by Regional Health Properties, Inc.

Regional Health Properties, Inc. 10.875% Series A Cumulative Redeemable Preferred Stock

ROCHE HOLDING LTD ORD by Roche Holding Ltd

Roche Holding AG

ROCHE HOLDING LTD S/ADR by Roche Holding Ltd

RHI MAGNESITA NV UNSP/ADR by Rhi Magnesita NV

RHI Magnesita NV

Robert Half Inc

ROUND HILL MUSIC RLTY FD by Round Hill Music Royalty Fund Ltd.

Rhoen Klinikum AG

Rhinomed Ltd

Ryman Hospitality Properties, Inc. (REIT)

Ryman Hospitality Properties Inc

RH Tactical Rotation ETF

RHYOLITE RESOURCES ORD by Rhyolite Resources Ltd.

RH Tactical Outlook ETF

RICHELIEU HARDWARE by Richelieu Hardware Ltd.

Richelieu Hardware Ltd

RIVERHAWK AVIATION INC by Riverhawk Aviation, Inc.

Rhythm

Deep-pocketed investors have adopted a bearish approach towards RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in RH usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 79 extraordinary options activities for RH. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 27% leaning bullish and 40% bearish. Among these notable options, 29 are puts, totaling $1,348,035, and 50 are calls, amounting to $7,143,684.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $250.0 to $430.0 for RH during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for RH's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across RH's significant trades, within a strike price range of $250.0 to $430.0, over the past month.
<h3>RH 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726511443_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$12.8</td>
<td>$12.4</td>
<td>$12.7</td>
<td>$360.00</td>
<td>$3.1M</td>
<td style="text-align: right;">188</td>
<td style="text-align: right;">28</td>
</tr>
<tr>
<td>RH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$40.3</td>
<td>$40.2</td>
<td>$40.2</td>
<td>$340.00</td>
<td>$241.2K</td>
<td style="text-align: right;">48</td>
<td style="text-align: right;">62</td>
</tr>
<tr>
<td>RH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$21.4</td>
<td>$21.0</td>
<td>$21.0</td>
<td>$400.00</td>
<td>$174.6K</td>
<td style="text-align: right;">728</td>
<td style="text-align: right;">244</td>
</tr>
<tr>
<td>RH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$22.7</td>
<td>$22.5</td>
<td>$22.58</td>
<td>$400.00</td>
<td>$99.0K</td>
<td style="text-align: right;">728</td>
<td style="text-align: right;">97</td>
</tr>
<tr>
<td>RH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$7.7</td>
<td>$7.7</td>
<td>$7.7</td>
<td>$330.00</td>
<td>$77.0K</td>
<td style="text-align: right;">23</td>
<td style="text-align: right;">745</td>
</tr>
</tbody>
</table>

<h3>About RH</h3>
RH is a luxury retailer operating in the $134 billion domestic furniture and home furnishing industry. The firm offers merchandise across many categories including furniture, lighting, textiles, bath, decor, children, and is growing the presence of its hospitality business (with 17 restaurant locations). RH innovates, curates, and integrates products, categories, services, and businesses across channels and brand extensions (RH Modern and Waterworks, for example). RH is fully integrated across channels, and is positioned to broaden its total addressable market over the next decade by expanding abroad, and with its World of RH digital platform (highlighting offerings outside of home furnishings), along with future offerings in color, bespoke furniture, architeture, media, and more.
After a thorough review of the options trading surrounding RH, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>RH's Current Market Status</h3>
<ul>
<li>With a trading volume of 1,450,635, the price of RH is up by 3.94%, reaching $334.55.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 80 days from now.</li>
</ul>
<h3>What The Experts Say On RH</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $326.6.
<ul>
<li>Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for RH, targeting a price of $375. </li>
<li>An analyst from Barclays has decided to maintain their Equal-Weight rating on RH, which currently sits at a price target of $320. </li>
<li>Consistent in their evaluation, an analyst from Wedbush keeps a Neutral rating on RH with a target price of $310. </li>
<li>An analyst from JP Morgan has decided to maintain their Overweight rating on RH, which currently sits at a price target of $338. </li>
<li>An analyst from Telsey Advisory Group persists with their Market Perform rating on RH, maintaining a target price of $290. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for RH with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Looking At RH's Recent Unusual Options Activity

WIIM

RH shares are trading higher after the company last week reported better-than-expected Q2 financial results.

JP Morgan analyst Christopher Horvers maintains RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) with a Overweight and lowers the price target from $345 to $338.

JP Morgan Maintains Overweight on RH, Lowers Price Target to $338

Barclays analyst Seth Sigman maintains RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) with a Equal-Weight and lowers the price target from $340 to $320.

Barclays Maintains Equal-Weight on RH, Lowers Price Target to $320

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>TD Cowen cut the price target for Domino&#8217;s Pizza, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) from $520 to $475. TD Cowen analyst Andrew Charles maintained a Buy rating. Domino&#8217;s shares fell 0.5% to close at $402.52 on Friday. <a href="https://www.benzinga.com/quote/DPZ/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc raised the price target for Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) from $420 to $440. Keybanc analyst Justin Patterson maintained an Overweight rating. Spotify shares rose 0.1% to close at $337.90 on Friday. <a href="https://www.benzinga.com/quote/SPOT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wedbush boosted Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) price target from $425 to $440. Wedbush analyst Nick Setyan maintained an Outperform rating. Wingstop shares fell 0.2% to close at $394.81 on Friday. See how other analysts view this stock.</li>
<li>Evercore ISI Group cut Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) price target from $225 to $200. Evercore ISI Group analyst Mark Mahaney maintained an Outperform rating. Alphabet shares rose 1.8% to close at $157.46 on Friday.<a href="https://www.benzinga.com/quote/GOOGL/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. raised the price target for Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) from $30 to $45. HC Wainwright &amp; Co. analyst Mitchell Kapoor maintained a Buy rating. Summit Therapeutics gained 16.5% to close at $31.93 on Friday. <a href="https://www.benzinga.com/quote/SMMT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank slashed Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) price target from $218 to $194. Deutsche Bank analyst Chris Woronka maintained a Hold rating. Vail Resorts shares rose 1% to close at $180.00 on Friday. <a href="https://www.benzinga.com/quote/MTN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keefe, Bruyette &amp; Woods cut Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) price target from $50 to $44. Keefe, Bruyette &amp; Woods analyst Sanjay Sakhrani maintained an Outperform rating. Ally Financial shares rose 0.4% to close at $32.97 on Friday. <a href="https://www.benzinga.com/quote/ALLY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley increased the price target for ONEOK, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) from $103 to $111. Morgan Stanley analyst Robert Kad upgraded the stock from Equal-Weight to Overweight. ONEOK shares rose 1% to close at $91.37 on Friday. <a href="https://www.benzinga.com/quote/OKE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler slashed e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) price target from $260 to $162. Piper Sandler analyst Korinne Wolfmeyer maintained an Overweight rating. e.l.f. Beauty shares rose 1.7% to close at $116.63 on Monday. <a href="https://www.benzinga.com/quote/ELF/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Loop Capital raised RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) price target from $230 to $320. Loop Capital analyst Anthony Chukumba maintained a Hold rating. RH shares rose 25.5% to close at $321.87 on Friday. <a href="https://www.benzinga.com/quote/RH/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="512" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16083502/image-120-1024x512.png" alt="" class="wp-image-549511" style="width:518px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16083502/image-120-1024x512.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16083502/image-120-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16083502/image-120-768x384.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16083502/image-120.png 1333w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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U.S. stocks settled higher on Friday, with the S&amp;P 500 and the Nasdaq Composite recording their best week of the year. Both indices also notched gains for the fifth straight day. &nbsp;On a weekly basis, the S&amp;P 500 gained 4%, while the Nasdaq added 5.9%. The Dow has climbed 2.6% last week.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock</a> Ratings.
Analyst: Zachary Fadem
<ul>
<li>Analyst Firm: Wells Fargo</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained an Overweight rating on RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) and raised the price target from $325 to $350 on Sept. 13. This analyst sees around 9% increase in the stock.</li>
<li>Recent News: On Sept. 12, RH reported quarterly earnings of $1.69 per share, which beat the analyst consensus estimate of $1.56 per share.</li>
</ul>
Analyst: William Power
<ul>
<li>Analyst Firm: Baird</li>
<li>Ratings Accuracy: 84%</li>
<li>Latest Rating: Maintained an Outperform rating on Axon Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) and boosted the price target from $360 to $400 on Sept. 10. This analyst sees around 5% upside in the stock.</li>
<li>Recent News: On Aug. 6, Axon Enterprise reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
</ul>
Analyst: Seth Seifman
<ul>
<li>Analyst Firm: JP Morgan</li>
<li>Ratings Accuracy: 84%</li>
<li>Latest Rating: Downgraded rating on Huntington Ingalls Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>) from Overweight to Neutral but raised the price target from $280 to $285 on Sept. 9. This analyst sees around 9% upside in the stock.</li>
<li>Recent News: On Aug. 1, Huntington Ingalls posted upbeat quarterly earnings.</li>
</ul>
Analyst: Chris Kotowksi
<ul>
<li>Analyst Firm: Oppenheimer</li>
<li>Ratings Accuracy: 83%</li>
<li>Latest Rating: Maintained an Outperform rating on Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) and boosted the price target from $64 to $66 on Sept. 13. This analyst sees around 13% surge in the stock.</li>
<li>Recent News: Jefferies is expected to release its third quarter financial results on Sept. 25.</li>
</ul>
Analyst: Josh Sullivan
<ul>
<li>Analyst Firm: Benchmark</li>
<li>Ratings Accuracy: 83%</li>
<li>Latest Rating: Reiterated a Buy rating on Kratos Defense &amp; Security Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>) with a price target of $25 on Sept. 13. This analyst sees around 11% upside in the stock.</li>
<li>Recent News: On Aug. 7, Kratos Defense &amp; Security posted better-than-expected quarterly earnings.</li>
</ul>
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</ul>

This Analyst With 86% Accuracy Rate Sees Around 9% Upside In RH - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

Loop Capital analyst Anthony Chukumba maintains RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) with a Hold and raises the price target from $230 to $320.

Loop Capital Maintains Hold on RH, Raises Price Target to $320

Stifel analyst W. Andrew Carter maintains RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) with a Buy and raises the price target from $315 to $375.

Stifel Maintains Buy on RH, Raises Price Target to $375

These seven mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) shares jumped 36.59%. The company reported positive throughput trends at the expanded Rochester <a href="https://www.benzinga.com//node/40829092" target="_blank" rel="noreferrer noopener">Silver-Gold Mine in Nevada</a>.</li>
<li>Medical Properties Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPW#NYSE">MPW</a>) stock gained 32.85% last week after reaching a global settlement agreement that restored its control over its real estate and severed its relationship with Steward Health Care.</li>
<li>New Gold Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NGD#AMEX">NGD</a>) shares were up 32.48%. The company provided an update on its <a href="https://www.benzinga.com//node/40810423" target="_blank" rel="noreferrer noopener">ongoing Rainy River exploration program</a>.</li>
<li>RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) stock gained 29.79% after the company reported better-than-expected Q2 financial results. Multiple analysts raised their <a href="https://www.benzinga.com/quote/RH/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecasts following the report</a>.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) stock escalated 29.17%.</li>
<li>Twist Bioscience Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>) shares upped 26.89%. The company's Wilsonville, OR facility has earned LEED certification from the U.S. Green Building Council (USGBC) for meeting sustainability standards in its <a href="https://www.benzinga.com//node/40830370" target="_blank" rel="noreferrer noopener">building, operations, and maintenance</a>.</li>
<li>Alignment Healthcare, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALHC#NASDAQ">ALHC</a>) stock rose 26.88%.</li>
</ol>
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Citigroup analyst Steven Zaccone maintains RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) with a Buy and raises the price target from $340 to $355.

Citigroup Maintains Buy on RH, Raises Price Target to $355

Telsey Advisory Group analyst Joseph Feldman maintains RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) with a Market Perform and maintains $290 price target.

Telsey Advisory Group Maintains Market Perform on RH, Maintains $290 Price Target

B of A Securities analyst Curtis Nagle maintains RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) with a Buy and raises the price target from $310 to $359.

B of A Securities Maintains Buy on RH, Raises Price Target to $359

RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) shares are trading higher Friday after the company posted better-than-expected second-quarter financial results following <a href="https://www.benzinga.com/news/earnings/24/09/40843304/rh-stock-rallies-after-better-than-expected-q2-results-details">Thursday's closing bell.</a>
The Details:
RH, the home furnishing company, also known as Restoration Hardware, beat analyst expectations for the second quarter on the top and bottom lines and expects third-quarter revenue growth from 7% to 9%. 
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RH's CEO Gary Friedman attributed the growth to the company's investment in new product lines and platform expansion which increased its market share in the U.S. and laid a foundation for future growth overseas. 
"We are pleased to report that demand was up 7% in the second quarter and has continued to inflect positive, gaining momentum each month with July finishing up 10%. Demand accelerated into the third quarter with August up 12% and product margins inflecting positive despite operating in the most challenging housing market in three decades," said Friedman.&nbsp;
What Else: Multiple analysts raised <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40856522/rh-shares-leap-on-heels-of-q2-revenue-report-but-analysts-say-management-is-too-opt">price targets</a> on RH stock following the print.&nbsp;
<ul>
<li>TD Cowen maintained its Buy rating and raised the price target from $325 to $350.</li>
<li>Wells Fargo maintained an Overweight rating on RH and raised the price target from $325 to $350.</li>
<li>Wedbush maintained RH with a Neutral, but raised the price target from $250 to $310.</li>
<li>Baird maintained a Neutral rating and raised the price target from $275 to $290.</li>
<li>Morgan Stanley maintained an Equal-Weight rating and raised the price target from $300 to $310.</li>
</ul>
<h3 class="wp-block-heading">How To Buy RH Stock:</h3>
By now you're likely curious about how to participate in the market for RH &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of RH, which is trading at $316.99 as of publishing time, $100 would buy you 0.32 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
RH Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, RH shares are up 24.6% at $319.70 at the time of publication Friday.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/09/40843018/adobe-reports-record-q3-revenue-eps-beats-estimates">Adobe Reports Record Q3 Revenue, EPS Beats Estimates</a></li>
</ul>
Image: Courtesy of RH

Earnings

What's Going On With RH Stock After Earnings?

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/09/2024-09-13_08h58_01.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Running On 50 bps Rumor</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-gold-new-high-50-bps-cut-gld-mc-09132024">click here</a> for an enlarged chart of SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).
Note the following:
<ul>
<li>The chart shows when gold broke out back in March.</li>
<li>The chart shows a new breakout in gold.&nbsp; Gold is hitting an all time high.</li>
<li>The chart shows that the breakout is on higher volume.&nbsp; This shows conviction.</li>
<li>RSI on the chart shows that gold is approaching the overbought level but is not yet there.</li>
<li>The chart shows the support zone.&nbsp; How gold reacts if it pulls back into the support zone will be a tell.</li>
<li>Long time readers of The Arora Report have very large gains in gold.&nbsp; The Arora Report's track record on gold is unmatched.&nbsp; The Arora Report gave a signal to back up the truck and buy gold when gold was in the $600 range.&nbsp; When gold reached $1904 in 2011, The Arora Report gave a signal to sell half of gold holdings and put a stop on the remaining gold at $1757.&nbsp; Gold topped out on the same day that The Arora Report gave a sell signal and fell to about $1000.&nbsp; During the fall in gold, readers of The Arora Report made a lot of money by short selling gold.&nbsp; The Arora Report signals caught the bottom in gold and have since been mostly bullish.</li>
<li>Due to positioning, gold can go much higher. &nbsp;Positioning is an important Wall Street mechanic.&nbsp; Learning about Wall Street's mechanics gives investors several big edges.</li>
<li>As full disclosure, gold ETF GLD is in The Arora Report&#8217;s ZYX Allocation Model Portfolio.&nbsp; Silver ETF iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) and gold miner Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) are in The Arora Report&#8217;s ZYX Buy Core Model Portfolio.</li>
<li>In The Arora Report analysis, the latest breakout in gold is due to a rumor of a 50 bps interest rate cut taking hold.&nbsp; If the Fed does not cut by 50 basis points, there may be a pullback in gold.&nbsp; A pullback will be a buying opportunity.&nbsp;&nbsp;</li>
<li>The same 50 bps cut rumor drove stocks, especially AI stocks, higher yesterday.&nbsp;&nbsp;</li>
<li>Among earnings of note, Adobe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) earnings were below whisper numbers as it is taking longer for Adobe's AI products to gain traction compared to expectations in the market.&nbsp; Also of note are earnings from RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>), the high end home furnishing company. RH earnings show that the consumer at the high end is resilient and spending.&nbsp;&nbsp;&nbsp;</li>
</ul>
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>).
In the early trade, money flows are neutral in Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
In the early trade, money flows are negative in Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and negative in Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is GLD.  The most popular ETF for silver is SLV.  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

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Gold Breaks To A New High And Can Go Much Higher, Stocks And Gold Running On 50 BPS Cut

Shares of RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) climbed 23.6% at last check Friday, after the company reported <a href="https://www.benzinga.com/news/earnings/24/09/40847203/adobe-rh-and-3-stocks-to-watch-heading-into-friday">upbeat second-quarter results</a>.
The company, also known as Restoration Hardware, reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<ul>
<li>Bank of America <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/596f57cb35f48b00011db3eb/curtis-nagle">analyst Curtis Nagle</a> reiterated a Buy rating, while lifting the price target from $310 to $359.</li>
<li>Wedbush <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5846ee57ee7bf6000154d134/seth-basham">analyst Seth Basham</a> maintained a Neutral rating, while raising the price target from $250 to $310.</li>
<li>Telsey Advisory Group <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5f9ab74825a7ef0001015b59/cristina-fernandez">analyst Cristina Fernández</a> reaffirmed a Market Perform rating and price target of $290.</li>
<li>KeyBanc Capital Markets <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59009b5a0bd9910001e5f2aa/bradley-thomas">analyst Bradley Thomas</a> maintained a Sector Weight rating on the stock.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
BofA Securities: RH reported second-quarter sales of $830 million, representing 3.6% year-on-year growth and coming in higher than Street expectations of $824 million, Nagle said. GAAP earnings of $1.45 per share missed consensus of $1.56 per share.
Demand growth accelerated throughout the quarter, indicating &#8220;significant&#8221; market share gains in North America, the analyst stated. Management lowered the full-year guidance for demand growth from 12%-14% to 8%-10% and revenue growth from 8%-10% to 5%-7%, as the inflection in demand came later than expected, he further stated.
Wedbush: RH's second-quarter results missed demand growth guidance by 200 basis points (bps) but the overall results were broadly in-line with expectations, Basham said. Although the company lowered its 2024 guidance, this was "less than feared," he added.
"RH is confident its new products with an improved price/value equation are resonating with consumers and remains bullish on its forward demand potential," the analyst wrote. He added, however, that the guidance implies a steep ramp in the back half of the year, "with limited visibility and execution risk on an unprecedented number of new products."
Telsey Advisory Group: RH reported earnings of $1.69 per share, beating consensus of $1.56 per share, Fernández said. "After most home-related companies missed revenue expectations during 2Q24, it was positive to see RH meet its 2Q24 outlook and call out that demand (i.e. order intake) was up 7%," she wrote.
Although demand was below RH&#8217;s internal target of 9%-10%, it outperformed peers in the second quarter, the analyst stated. "In addition, RH&#8217;s demand continued to build in August up 12% pointing to a positive reception to RH&#8217;s product introductions," she further wrote.
KeyBanc Capital Markets: While RH delivered an earnings beat, the second quarter figure benefitted from a lower tax rate, Thomas said. He added, however, that the company's second-quarter results reflect "improved demand, despite a challenging macro backdrop."
The consensus and management guidance for 2024 "have proven too optimistic, with RH taking down full-year demand, sales, and margin guidance," the analyst started. "We continue to see NT demand risks for the furniture industry, which could weigh on RH shares," he further wrote.
RH Price Action: Shares of RH had risen by more than 23% to $316.75 at the time of publication on Friday.
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40855247/fed-rate-cuts-and-s-p-500-the-why-matters-most-data-shows">Fed Rate Cuts And S&amp;P 500: The &#8216;Why&#8217; Matters Most, Data Shows</a></li>
</ul>
Image: Flickr

Analyst Color

Earnings Beats

Reiteration

RH Shares Leap On Heels Of Q2 Revenue Report, But Analysts Say Management Is 'Too Optimistic'

Macro Economic Events

Market Summary

Economics

General

Benzinga Market Summary: Boeing Workers To Strike, Consumer Sentiment Beats Expectations, RH Surges On Strong Earnings And Price Target Raises

TD Cowen analyst Max Rakhlenko maintains RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) with a Buy and raises the price target from $325 to $350.

TD Cowen Maintains Buy on RH, Raises Price Target to $350

Wells Fargo analyst Zachary Fadem maintains RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) with a Overweight and raises the price target from $325 to $350.

Wells Fargo Maintains Overweight on RH, Raises Price Target to $350

Wedbush analyst Seth Basham maintains RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) with a Neutral and raises the price target from $250 to $310.

Wedbush Maintains Neutral on RH, Raises Price Target to $310

RH shares are trading higher after the company reported better-than-expected Q2 financial results. Multiple analysts raised their price targets following the report.

Analyst Curtis Nagle from Bank of America Securities reiterated a Buy rating on RH (RH – Research Report) and increased the price target to $359.00...

RH's Strategic Investments and Market Gains Justify a Buy Rating

Analyst Simeon Gutman from Morgan Stanley maintained a Hold rating on RH (RH – Research Report) and increased the price target to $310.00 from $300...

Maintaining Hold on RH: Balancing Growth Potential with Elevated Risks and Revised Earnings Estimates

Max Rakhlenko, an analyst from TD Cowen, maintained the Buy rating on RH (RH – Research Report). The associated price target was raised to $350.00....

Buy Rating Affirmed: Growth and Margin Improvement Drive Optimism for RH's Stock

RH (RH – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst Zachary Fadem from Wells...

Buy Rating Justified: RH's Growth Trajectory Bolstered by Strong Q2 Performance and Strategic Initiatives

4 stocks to watch on Friday: BA, ORCL and more

Furnishing The Future: RH's 'Beautiful Chaos' Drives Q2 Gains

The blended revenue growth estimate for the 199 companies in this index is 3.6% for Q2 2024. Of those companies that have reported their quarterly results so far, 49% announced revenue that exceeded analysts' expectations.

U.S. Retail Earnings Update: Friday, Sept 13

Barclays analyst Seth Sigman maintained a Hold rating on RH (RH – Research Report) on September 13 and set a price target of $320.00. The company's...

RH (RH) Gets a Hold from Barclays

In a report released today, Anthony Chukumba from Loop Capital Markets maintained a Hold rating on RH (RH – Research Report), with a price target o...

Loop Capital Markets Keeps Their Hold Rating on RH (RH)

RH&nbsp;($RH) investors had a good day on Friday – but maybe it was too good. The feeling of optimism was extreme, or at least very high, and it's ...

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