Where Will RH Stock Be in 5 Years?
RH (NYSE: RH) has fallen more than 50% from its 2021 high-water mark but is still up nearly 900% since the start of 2017, a recent low point. There's a lot going on here, but the big news isn't what has already happened. What investors need to consider is what management still wants to make happen in the future.
At one point in its history, RH was known as Restoration Hardware, a mall-based retail store that sold home furnishing and other knick-knacks. That version of the company hit a rough patch, and management went back to the drawing board, coming back with a bigger and bolder plan. Rebranded RH in 2012, it moved out of the mall and created its own destination-based store footprint heavily leaning toward design.
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Source Fool.com
