The holiday season is a key period for any retailer, and Restoration Hardware (NYSE:RH) in particular has had investors looking closely at how well the home-furnishings business would be able to perform to finish the 2016 calendar year. Turnaround efforts have been in the works for a while, and coming into Tuesday’s fiscal fourth-quarter financial report, RH investors were appropriately realistic about how much the retailer would be able to produce an immediate rebound in its financial performance. Yet despite seeing some weakness, RH did a good job of getting on the comeback trail, leading to a nice bounce for the stock.
Let’s take a closer look at Restoration Hardware to see how it did and what 2017 could bring for the retailer.
Image source: RH.
Restoration Hardware starts the recovery
Restoration Hardware’s fourth-quarter results weren’t exactly pretty, but they were good enough to satisfy most of those following the stock. Revenue fell 9% to $586.7 million, but that was slightly better than the consensus forecast for $585 million. Similarly, adjusted net income fell by nearly a third to $27.9 million, but the resulting adjusted earnings of $0.68 per share came in better than the $0.66 per share that most investors were expecting to see.
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Top Financial Stocks To Invest In 2019: Empire State Realty Trust, Inc.(ESRT)
Advisors’ Opinion:
- [By Logan Wallace]
Prudential Financial Inc. cut its stake in Empire State Realty (NYSE:ESRT) by 0.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,745,889 shares of the real estate investment trust’s stock after selling 8,046 shares during the quarter. Prudential Financial Inc.’s holdings in Empire State Realty were worth $29,313,000 at the end of the most recent quarter.
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For example, nobody is going to come along and build another Empire State Building. In fact, you can actually invest in this building through the Empire State Realty Trust (NYSE: ESRT).
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Empire State Realty Trust (ESRT) : “The yield on this one is too low.”
DowDuPont (DWDP) : “I’m not running away, I’m sticking with them.”
