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Why RH Stock Dropped 14% Last Month

TheMotleyFool

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Shares of RH (NYSE: RH) were sliding last month as the high-end home furnishings retailer formerly known as Restoration Hardware got swept up in the broad market sell-off over the Federal Reserve's interest rate increase, and then fell again as weak retail earnings from peers such as Target added to concerns about a weakening consumer and inflation adding to costs.

The headwinds were strong enough to counteract some positive news, including Berkshire Hathaway's increased stake in RH and a stock market rebound at the end of the month.

Image source: RH.

Source Fool.com

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