3 Reasons RH Shares Are a Steal Ahead of a Stock Split
Upscale home furnishings company RH (NYSE: RH) recently announced a 3-for-1 stock split. That news is providing some relief for the share price, which has been clobbered by the market recently. The stock is down about 53% from its all-time high, reached in August 2021.
The stock's downward trajectory runs contrary to the company's revenue trajectory, which grew 32% year over year in the fiscal 2021 fourth quarter, ending on Jan. 29. While growth is expected to slow in the next quarter due to inflationary headwinds and softening demand caused by the war in Ukraine, these are short-term issues that don't impact the company's intrinsic value.
Here are three reasons to consider buying shares right now.
Source Fool.com
