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RH Stock Surges 15.75% Despite Weak Q4 Earnings Report Luxury furniture retailer RH (NYSE: NYSE:RH ) faced headwinds in its Q4 CY2023 earnings report, missing analyst estimates with a 4.4% year-on-year decline in revenue to $738.3 million. Despite this setback, the company remains optimistic about its growth trajectory, projecting a 9.0% year-on-year revenue increase for the full year, exceeding market expectations. Mixed Performance Metrics RH's Q4 earnings revealed a mixed bag of performance metrics. While revenue fell short of analyst estimates by 5.1%, the company's non-GAAP profit per share plummeted by 57.9% compared to the same quarter last year, dropping to $0.72 from $1.71. The gross margin also experienced a decline, slipping to 43.5% from 47.8% in the previous year's quarter. Optimistic Outlook Despite the disappointing Q4 results, RH's management remains bullish about the company's future prospects. They anticipate an acceleration in demand trends throughout fiscal 2024, signaling confidence in their ability to navigate challenges in the retail landscape. Strategic Considerations NYSE:RH , formerly known as Restoration Hardware, operates as a specialty retailer focusing on high-end furniture and home decor. As the retail landscape evolves, furniture retailers like RH must adapt to changing consumer behaviors and preferences. The company's emphasis on aesthetics, style, and charm positions it well to capitalize on evolving consumer trends. Sales Growth and Same-Store Sales RH's sales growth trajectory has been modest, with an annualized revenue growth rate of 3.4% over the last four years. However, same-store sales have experienced a concerning decline, averaging a 10% year-on-year decrease over the past eight quarters. This decline underscores the need for RH to reassess its strategy and allocation of capital. Investor Sentiment and Stock Performance Following the earnings report, RH's stock experienced a 15.75% increase, reaching $345.08 per share. While the results fell short of expectations, the positive market reaction suggests investor confidence in the company's long-term outlook. With a bullish Relative Strength Index (RSI) of 71.
NYSE:RHLong
by DEXWireNews
RH Options Ahead of EarningsIf you haven`t sold the top on RH, for that fantastic 12.75X gain in the options chain: nor bought the dip here: Then analyzing the options chain and the chart patterns of RH prior to the earnings report this week, I would consider purchasing the 310usd strike price in the money Puts with an expiration date of 2024-3-28, for a premium of approximately $21.85. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:RHShort
by TopgOptions
1
RH - Update 1NYSE:RH Update on price action on RH, as promised, we are tracking tis very closely as this trade, I feel, I has good potential and we are nearing an inflection point I have laid out a series of price points which in the history of the stock price movement have acted as support/ resistance and its good to know these levels as important areas of congestion and times to have appropriate risk management tools around it For those who have not read my previous posts on RH, lines covered in Red are past Res/ Sup lines. Important lines are : 1. CLOSE Above $229.64 (Previous price action high, signaling momentum in favor) 2. CLOSE Below $219.34 will negate our proposition to go long for the time being (previous low of most recent price action) 3. $244 would be the first target which may act as resistance levels ( previous peak) 4. $270 levels may be the 2nd target on the charts I have also drawn a trend line when the stock moved into uptrend from mid 2019 In Nov 2019. The price broke below the trend line suggesting uptrend maybe over , however, it turned out to be a fake break out, hence the need to the price retesting and being rejected in important for a conservative trader In the months of Nov and Dec, we saw price moving back above the trend line and find ing support in Dec 2019, with a nice bounce off the trend line. At the end of Dec 2019, price again moved out below the trend line again and is trying to test the trend line again. Price can either be rejected from these levels or this could also be a fake break out. The break out above 229.64 is critical on both fronts, it pushes us above the most recent price action high , as indicated in the charts and also pushes us above the trend line Lets look at yesterdays price action: 17th Jan 2020 Bears, knowing that trend line has been broken, opened the day lower than previous day closing, suggesting their intention clearly that they wish to pull the prices further down. Bulls, however wanted to prove their supremacy and wanted to show their command on the field and pushed prices upwards. Price made an intra-day high of $229.70,, which is above our entry point, however, couldn’t sustain the bears attack and bulls lost command, with price ending lower and the candle closing in red! Its so important to look out for the close of the candle (in our case, close of the day, to be above our entry point. Yesterdays Intra-day highs could have given us wrong entry points. Think about it this way. The reason to chose $229 levels as our entry point to buy on a future date, when the price was at $221 levels, was to have a day close above 229 to signify that a new high in recent price data has been made and previous highs may become support and also get a chance to review the candle on closing to identify strength of the market participants In case we were to put a limit order and would have entered our position yesterday and order being executed, we would not have got a chance to review the candle. Food for thought : This is just the beginning. What do you think. Who will win this battle between the bulls and bears. pLease share your comments below, it will be nice to hear your comments Cheers
NYSE:RHLong
by LoveForCharts
RH - positive and likely uptrend continuation - cyclic toolsNYSE:RH This time its time to look at RH RH has been moving upwards and forming an uptrend since early June 2019. A quick look on the chart and we can establish a few key support/ resistance lines Support 1 : 218.23 Support 2 : 206.60 Support 3 – 192.12 Support 4 : 171.34 Resistance – Stop buy entry level : 228.72 Resistane 2: 243.84 There seems to be chart formation happening. On breakout above 229, one could expect a continuation of trend Upward Price target- 270 Interestingly, price seems to be making a trough or a intermediate corrections on the trend every 14 days. If this is the case, then yesterdays price close could be a near time low for the 14 day cycle. Next important day to look for is 30th Jan and then 13th Feb 2020 for next low on the cycle. Interesting times ahead given that US and China trade wars seems to be moving in the positive direction Please note this is not an offer to advisory, please consider account size and risk management tools If you like what you see, please share a thumbs up!
NYSE:RHLong
by LoveForCharts