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Fly News Breaks for June 9, 2016
RH
Jun 9, 2016 | 05:56 EDT
UBS analyst Michael Lasser downgraded Restoration Hardware to Hold citing a "host of uncertainties" following the retailer's Q1 results. There are more questions about the size of Restoration's addressable market as its sales slow, Lasser tells investors in a post-earnings research note. He cut his price target for the shares to $32 from $50. Three other research firms this morning have downgraded Restoration Hardware.
News For RH From the Last 2 Days
RH
Mar 28, 2024 | 09:47 EDT
RH is up 12.2%, or $36.11 to $333.10.
RH
Mar 28, 2024 | 08:59 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here
RH
Mar 28, 2024 | 07:01 EDT
BofA raised the firm's price target on RH to $375 from $360 and keeps a Buy rating on the shares. While Q4 sales and EPS missed Street expectations due to shipping and weather disruptions, RH forecasts FY24 demand growth at 12%-14%, which would be a "sharp acceleration" from FY23, the analyst tells investors in a post-earnings note. RH's Q1 revenue guidance was below the Street view, though, based on investor conversations, BofA thinks FY24 revenue guidance is better than expected and demand trends are above, the analyst added.
RH
Mar 28, 2024 | 06:23 EDT
Baird raised the firm's price target on RH to $300 from $280 and keeps a Neutral rating on the shares. The firm said Q4 results showed a weak finish to 2023 but noted demand is seemingly turning the corner and management expects trends to accelerate throughout 2024 behind increased newness and brand-building efforts as they will be doubling sourcebook distribution and leaning into advertising.
RH
Mar 28, 2024 | 06:06 EDT
JPMorgan analyst Christopher Horvers raised the firm's price target on RH to $345 from $329 and keeps an Overweight rating on the shares following the Q4 report. The company reported a "rough print" and with profits being pushed out again, but there is optimism on demand improvement with Q1 estimates looking conservative, the analyst tells investors in a research note. The firm believes 2025 consensus estimates for RH seem intact.
RH
Mar 27, 2024 | 17:19 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSRH... To see the rest of the story go to thefly.com. See Story Here
RH
Mar 27, 2024 | 13:19 EDT
Notable companies reporting after the market close, with earnings consensus, include RH (RH), consensus $1.67.