Core Insights - RH Inc. shares dropped 3.39% to $204.14 in after-hours trading following President Trump's tariff announcement targeting home furnishings [1] - The U.S. will impose a 30% tariff on upholstered furniture and a 50% tariff on bathroom vanities, attributed to a "massive influx" of foreign products [2] - All tariff measures will take effect on October 1, including a 25% tariff on heavy-duty trucks and a 50% tariff on kitchen cabinets [3] Stock Performance - RH closed at $211.30 on Thursday, down 0.62% for the regular session, and has fallen 46.31% year-to-date with a 52-week range of $123.03-$457.26 [3] - The company's market capitalization is $3.96 billion with a price to earnings ratio of 39.30 [3] - RH reached a peak of $454.52 on January 2, showing a 53.51% decline from that peak [4] Market Sentiment - Benzinga's Edge Stock Rankings indicate that RH is experiencing medium-term upward movement despite recent declines [4]
Trump's New Furniture Tariffs Sends RH Stock Down After Hours: What You Should Know - RH (NYSE:RH)