RH (NYSE:RH) traded at a new 52-week high today of $744.56. Approximately 140,000 shares have changed hands today, as compared to an average 30-day volume of 356,000 shares.
RH is a luxury retailer operating in the $112 billion furniture and home furnishing industry. The company offers merchandise across many categories including furniture, lighting, textiles, bath, decor, children, and more and is growing the presence of its hospitality business (with 11 restaurant locations). RH innovates, curates, and integrates products, categories, services, and businesses across channels and brand extensions (RH Teen, RH Modern, and Waterworks, for example). The company is fully integrated across store, Web, and catalog channels, and is positioned to broaden its total addressable market with the launch of its World of RH digital platform in autumn 2021.
RH (NYSE:RH) defies analysts with a current price ($728.49) 30.4% above its average consensus price target of $507.06.
Over the past year, RH has traded in a range of $292.00 to $744.56 and is now at $728.49, 149% above that low.
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