Buffett's Berkshire invests in Restoration Hardware, whose shares rise [Reuters]
RH (RH)
Last rh earnings: 3/30 04:05 pm
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US:NYSE Investor Relations:
ir.restorationhardware.com/investor-overview
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Source: Reuters
Buffett's Berkshire invests in Restoration Hardware, whose shares rise (Reuters) - Warren Buffett’s Berkshire Hathaway Inc ( BRKa.N ) on Thursday disclosed a new investment in RH ( RH.N ), boosting shares of the luxury furniture and home furnishings chain once known as Restoration Hardware. Berkshire owned about 1.21 million RH shares worth $206.3 million as of Sept. 30, according to a regulatory filing detailing Berkshire’s U.S.-listed stocks as of that date. RH shares rose 6.7% in after-hours trading following the disclosure, after closing up 1.3% at $175.22. The Corte Madera, California-based company did not immediately respond to a request for comment. Analysts have said RH has boosted sales and profit margins, in part by expanding its membership program and improving the experience for shoppers in its roughly 70 galleries, though it remains exposed to downturns in the high-end housing market. RH’s share price has more than doubled since the end of May. Berkshire also said it
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RH
Earnings
- 3/27/24 - Miss
RH
Sec Filings
- 4/12/24 - Form 4
- 4/12/24 - Form 4
- 4/12/24 - Form 4
- RH's page on the SEC website