Restoration Hardware (RH) has garnered significant attention following its second-quarter 2024 (2Q24) earnings report. The company has spent substantial amounts on stock buybacks over the past year, which has led to a surge in accounts payable in the last quarter as it conserves cash. Analysts and traders are speculating that RH may need to raise capital soon. Additionally, RH is being closely watched as a rate-sensitive stock, with some investors making notable moves, such as a large purchase of October 360 call options. RH was also reviewed by Hedgeye Retail.