RH Shares Swing on Improving Equity and Housing Market Conditions, Helping Bolster Sales
No-moat RH’s business has generally tracked stock market fluctuations, and the firm’s first quarter was no different. With the S&P 500 rising 8% over RH’s fiscal quarter, sales trended positively from last quarter, up 7%, ahead of our 5% forecast. With equity markets still elevated, management expects another 7% sales mark for the second quarter, ahead of our 4% projection. Recall, fourth-quarter results fell short of expectations, with flat sales growth, as the S&P dropped 9% in Decembe...RH is a holding company. Together with its subsidiaries, the company is a retailer in the home furnishings marketplace. The company provides merchandise assortments across a number of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, and child and teen furnishings. The company positions its Galleries as showrooms for its brand, while its Source Books and websites act as virtual extensions of its stores. The company's business is integrated across its various channels of distribution, consisting of its stores, Source Books, and websites. The company operates its retail Galleries throughout the U.S. and Canada, and its Waterworks showrooms throughout the U.S. and in the U.K.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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