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RH

RH

$70.39

3.15 (4.68%)

09:06
07/14/17
07/14
09:06
07/14/17
09:06

RH reiterates Q2 EPS view 43c-50c, consensus 42c

The company is also confirming its previous Q2 guidance of revenue in the range of $595M to $610M, consensus $604.71M, and adjusted net income in the range of $13M to $15M. Post reduction in the number of shares outstanding from the share repurchase, Q2 adjusted diluted earnings per share is expected to be in the range of 43c 50c assuming a weighted average diluted share count of approximately 30M for Q2.

RH RH
$70.39

3.15 (4.68%)

06/23/17
06/23/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Oracle (ORCL) upgraded to Buy from Hold at Argus with analyst Joseph Bonner saying the company's fourth quarter results show that its cloud business is already having "some success." 2. RH (RH) upgraded to Buy from Hold at Deutsche Bank analyst Adam Sindler saying he believes there will be less revenue pull forward from its current inventory correction actions than is expected and he thinks the company, and the bulls, will continue to buy shares on any pull back, driving down its share count. Sindler raised his price target on the parent of Restoration Hardware to $66 from $45. 3. Novartis (NVS) upgraded to Equal Weight from Underweight at Barclays with analyst Emmanuel Papadakis citing better than expected CANTOS results. 4. AK Steel (AKS) and U.S. Steel (X) were upgraded to Buy from Hold at Deutsche Bank, while Century Aluminum (CENX) was upgraded to Hold from Sell. 5. Vertex (VRTX) upgraded to Buy from Hold at Needham with analyst Alan Carr saying he predicts Vertex will identify at least one safe and effective triple regimen for commercial launch by the end of 2020. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/23/17
DBAB
06/23/17
UPGRADE
Target $66
DBAB
Buy
RH upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Adam Sindler upgraded RH to Buy from Hold as he believes there will be less revenue pull forward from its current inventory correction actions than is expected and he thinks the company, and the bulls, will continue to buy shares on any pull back, driving down its share count. Sindler raised his price target on the parent of Restoration Hardware to $66 from $45.
06/20/17
LOOP
06/20/17
NO CHANGE
Target $45
LOOP
Hold
Amazon buying RH a 'future possibility,' says Loop Capital
Loop Capital analyst Anthony Chukumba believes Amazon.com (AMZN) acquiring RH (RH) is a "future possibility." The tech giant's acquisition of Whole Foods (WFM) shows a willingness to acquire traditional brick-and-mortar retailers, Chukumba tells investors in a research note titled "Should Amazon Acquire RH?" A potential takeover by Amazon is a not a compelling reason to buy RH, but the possibility of a deal could provide a "floor" on the stock, the analyst argues. At a $70 per share RH takeover price, the analyst sees the deal being 15c, or 1.4%, accretive to the current consensus FY18 diluted earnings per share estimate for Amazon. Amazon could afford to "pay significantly more" for RH and still have the deal be earnings accretive, Chukumba contends. He maintains a Hold rating on RH with a $45 price target. The home furnishings retailer closed yesterday at $53.47.
06/16/17
OPCO
06/16/17
NO CHANGE
OPCO
Perform
RH second half estimates still too optimistic, says Oppenheimer
Oppenheimer analyst Brian Nagel says he's "increasingly concerned" that select clearance activity by RH is "giving way to more widespread price promotions." As such, the analyst believes consensus estimates for the second half of 2017 remain too optimistic. Lowered estimates should prove a negative catalyst for the shares, Nagel argues. He keeps a Perform rating on RH.

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