Home furnishings retailer Restoration Hardware Holdings (NYSE: RH) hasn't been publicly traded for long, but so far, the company has made the most of it. Since it went public on Nov. 2, 2012, the stock has rallied more than 200%.

For its initial public offering, the company sold 5.2 million shares at $24 apiece, which valued the deal at about $124 million.

Leading up to its IPO, the company saw double-digit revenue growth for 10 consecutive quarters, and over the past 12 months, top-line growth has continued. Many analysts have adjusted their price targets higher. Jefferies, for example, raised its price target from $68 to $88 in September. The company's next earnings announcement is scheduled for mid-December.

The fact that a company selling high-end home furnishings can flourish in a slowly recovering economy is a good sign not only for Restoration Hardware, but also for the housing market.

While certainly not sporting as spectacular gains as RH, other home furnishings retailers have also rallied. Bed Bath & Beyond (Nasdaq: BBBY) and Williams-Sonoma (NYSE: WSM) have seen their share prices rise about 25% to 30% in the past year, reflecting improvements in the housing market.

Restoration Hardware caught the attention of Steve Cohen, Paul Tudor Jones and other hedge fund billionaires. Having big-money guys like these supporting the stock is another positive, but traders will need to watch the company's filings with the Securities and Exchange Commission closely for changes in ownerships.

On the charts, RH looks great from a technical perspective. On the weekly chart looking back to its IPO, the breakout in May is at the core of my bullish take on the stock.