It was the top performer on the S&P in the first half of 2021. Boasted 78% revenue growth vs. the street's expected 56%. Demand is up 109% year over year, and the adjusted operating margin jumped from 10% to 22.6% He foresees $6 billion in sales in a few year's time. He still sees upside in the second half of 2021, driven by a smart CEO who believes there will be a Roaring 20s spending spree in the economy to. They have staying power. Shares are up 162% over the past year.
The market made a mistake in selling it after a downbeat conference call, because RH bought back 17% of shares in just this quarter (23% so far this year). This is one of the biggest single-quarter buybacks he ever heard of. Buybacks shrink EPS, remember, and shows confidence from management
High quality company with excellent management team. Hit peak revenue during Covid-19 pandemic. Current share price presenting buying opportunity. Expecting revenue & margins to grow. A good long term investment over 5-10 years.
(A Top Pick Jan 24/22, Down 39%) High-end, and thought they could hide here amidst the luxury consumer. But when the market goes down, everything goes down. High-margin business. Will bounce back on the other side.
Not affected by rising rates since the average buyer (wealthy) is not affected by rising rates. Very good time to buy since it has dropped quite a bit. He has just added to it. Should do well going forward. Analysts have 12 buys, 7 holds, 0 sells.
The home office is here to stay It had a monster quarter, but down so much since then. Similar to WSM. He expects this to roar back to ride the work-from-home trend.
Delivered a blow-out quarter last Wednesday. Sales are up 40% since 2019. A monster earnings beat and they raised their full-year forecast despite supply problems. They want to be a luxury lifestyle brand now. Shares are up 1,800% in the past 5 years, but has more room to run.
They just announced a strong beat. They announced a strategy shift where they will introduce new product lines, not just contemporary, like RH Yachts and RH Jets. This seems broad to her. She's skeptical when companies go into different lines and for RH, these new lines are a little outside their core competency. However, they have been executing on so many fronts, so she's impressed with the managers. Maybe they're spreading themselves too thin. Certainly, this is worth watching.
The new lines they just introduced, like RH Yachts, are a bit of a stretch, but he'll give them the benefit of the doubt. Along with William Sonoma, among US retailers that come up in discussion is RH for good reason. Shares topped in April and have been sideways ever since. The stock could be cheaper now than before earnings. He bets the stock will crack $740, its all-time high, and go higher.
He likes it. The growth is there and RH continues to impress. Their transition into digital is working well. Supply chain restraints didn't prevent an unbelievable quarter. However, the valuation is a concern. This could surpass the all-time high of $740. But if had a choice between this and William Sonoma, he'd choose Sonoma.
Formerly, RESTORATION HARDWARE. It reports Wednesday and he expects strong numbers. William Sonoma just reported a strong quarter, so things could be good for RH, which sells high-end furnishings.
It was the top performer on the S&P in the first half of 2021. Boasted 78% revenue growth vs. the street's expected 56%. Demand is up 109% year over year, and the adjusted operating margin jumped from 10% to 22.6% He foresees $6 billion in sales in a few year's time. He still sees upside in the second half of 2021, driven by a smart CEO who believes there will be a Roaring 20s spending spree in the economy to. They have staying power. Shares are up 162% over the past year.