NEW YORK (The Street) -- TheStreet's Jim Cramer is keeping an eye on Restoration Hardware (RH) as the company prepares to post first-quarter results after the close Thursday, but he's taking a long-term view on the stock.

In the last quarter, Cramer noted, the company said 2015 would be a bridge year when it would improve existing stores and build new stores with an eye toward growth in 2016.

With that in mind, Cramer said he sees Restoration Hardware's stock doing well over the next three to five years.

Despite the heavy short interest in the stock, Cramer advises investors to take a relaxed view of Restoration Hardware. If the stock gets hit after earnings, it may be a good chance to buy. He said he'd give the company up to five years to complete the changes it's making.

On Tuesday, Restoration Hardware said it would unveil a "new concept" during its first quarter fiscal 2015 earnings video.

For the first-quarter of 2015, Wall Street analysts are expecting the upscale home goods brand to post earnings of 20 cents a share on revenue of about $419 million.

Last quarter, the company posted earnings of $1.02 a share, beating estimates by a penny. Revenue came in at $582.7 million, versus the mean analyst estimate of $582.49.

Currently, Restoration Hardware has an average Wall Street rating of buy and a target price of $101.91.

The stock, which recently traded at $95.88, up 1.8%, has a 52-week low of $68.18 and a 52-week high of $102. Restoration Hardware sells luxury home furniture, lighting, textiles, decor, and outdoor and garden products. The company has outlets throughout the U.S. and Canada.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.

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