RH breaking out but earnings may be a roadblock.Expectations are high for RH into earnings so there is a danger of a selloff on any negatives, analysts are bullish and the stock has staged a great recovery since the previous report. Despite this the stock still has a very large short interest of 32%, who will be eager to beat this back down.
RH operates as a holding company which operates the business through its subsidiary Restoration Hardware, Inc. It offers furniture, lighting, textiles, bathware, decor, outdoor and garden, as well as baby and child products. The company operates an integrated business with multiple channels of distribution including galleries, source books and websites. The company was founded by Stephen J. Gordon in 1980 and is headquartered in Corte Madera, CA.
