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RH

RH

$94.70

1.58 (1.70%)

16:22
06/12/19
06/12
16:22
06/12/19
16:22

RH says moving certain production, product development out of China

RH said that, regarding China tariffs, it has renegotiated product costs and selectively raised prices to mitigate the impact of the increase from 10 to 25 percent. The company said it is also moving certain production and new product development out of China, plus exploring new partnerships and expanding its own manufacturing facilities in the United States. "Long term, we do not believe the current trade climate will impair our ability to achieve our stated financial goals and the expected impact from the increased tariffs is embedded in our guidance for the year," the company said.

  • 12

    Jun

RH RH
$94.70

1.58 (1.70%)

04/01/19
WOLF
04/01/19
DOWNGRADE
WOLF
Peer Perform
RH downgraded to Peer Perform from Outperform at Wolfe Research
05/13/19
GDHS
05/13/19
DOWNGRADE
GDHS
Reduce
RH downgraded to Reduce from Hold at Gordon Haskett
05/13/19
GDHS
05/13/19
DOWNGRADE
Target $88
GDHS
Reduce
Gordon Haskett downgrades RH to Reduce on high-end consumer concerns
Gordon Haskett analyst Chuck Grom downgraded RH to Reduce from Hold at Gordon and lowered his price target for the shares to $88 from $100. A slowdown in the luxury housing market and high-end consumer spending is likely to keep the retailer's sales "at bay," Grom tells investors in a research note. Further, an impending convertible payback could put RH in a "tricky position from a leverage standpoint," adds the analyst. He believes a Reduce stock rating is warranted with the high-end consumer "running out of steam at exactly the wrong time." Shares of RH are down 3%, or $3.48, to $99.27 in early trading.
06/04/19
GDHS
06/04/19
UPGRADE
Target $88
GDHS
Hold
RH upgraded to Hold from Reduce at Gordon Haskett
Gordon Haskett analyst Chuck Grom upgraded RH to Hold from Reduce citing valuation with the shares below his $88 price target.

TODAY'S FREE FLY STORIES

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TSU

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ORCL

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MGPI

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EFX

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$52.85

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MAN

ManpowerGroup

$94.03

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GLG

China Bat Group

$0.51

-0.0409 (-7.41%)

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AGIO

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UBER

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DTE

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RST

Rosetta Stone

$23.31

0.51 (2.24%)

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FDX

FedEx

$166.60

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TGTX

TG Therapeutics

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LPLA

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TPX

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