RH Is Down 55% From Its High. Time to Buy?
It's tempting, to be sure. Shares of RH (NYSE: RH) -- you may know it better as the retailer formerly called Restoration Hardware -- are up 60% from last year's low, yet still down by more than half of their peak value reached in 2021. The stock's not only ripe for a recovery but seemingly already recovering.
Before plowing into a position simply because shares are priced dramatically lower than they were a year and a half ago, however, there's something you should know.
To be fair, there are some healthy bullish arguments to be made here. Retail spending is holding up rather well, for example. The Census Bureau recently reported January's retail sales were up 3% year over year, topping expectations.
Source Fool.com
