Friday | ||||
Options
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Unusually active option classes on open May 26th »
09:40 05/26/23 05/2609:40 05/26/2309:40
MQ
Marqeta
Desktop Metal
AstraZeneca
Consumer Discretionary Sector SPDR
PDD Holdings
Adobe
C3.ai
PacWest Bancorp
Direxion Daily Semiconductor Bull 3X Shares
Target
Unusual total active… Story temporarily locked. ShowHide Related Items >><<
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Recommendations
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RH price target lowered to $230 from $235 at Wedbush »
08:46 05/26/23 05/2608:46 05/26/2308:46
RH
RH
Wedbush lowered the… Wedbush lowered the firm's price target on RH to $230 from $235 and keeps a Neutral rating on the shares. RH seemingly has strong brand power and great long-term growth opportunities, but its pricing, discounting and inventory management practices are costing it as the furniture demand "tide" goes out, the analyst tells investors in a research note. ShowHide Related Items >><<
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Recommendations
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RH price target lowered to $260 from $275 at Morgan Stanley »
07:54 05/26/23 05/2607:54 05/26/2307:54
RH
RH
Morgan Stanley lowered… Morgan Stanley lowered the firm's price target on RH to $260 from $275 and keeps an Equal Weight rating on the shares. While the firm continues to call RH "among the most intriguing stories in all of Retail" given what it sees as its longer-term potential to "transform its sales base/margin structure more than any other company in our coverage," the firm has concerns about near-term earnings risk given RH's cyclicality and this view is unchanged post its Q1 results and updated FY23 guidance. ShowHide Related Items >><<
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Recommendations
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RH price target lowered to $280 from $320 at TD Cowen »
07:25 05/26/23 05/2607:25 05/26/2307:25
RH
RH
TD Cowen analyst Max… TD Cowen analyst Max Rakhlenko lowered the firm's price target on RH to $280 from $320 and keeps an Outperform rating on the shares. The analyst said his target reduction takes into account the company is selectively resetting prices where the value proposition declined, the company is needing to take increased markdowns to clear room for new products and RH England is poised to open on June 9 but management is talking down expectations. ShowHide Related Items >><<
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Recommendations
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RH price target lowered to $230 from $250 at Baird »
06:54 05/26/23 05/2606:54 05/26/2306:54
RH
RH
Baird analyst Peter… Baird analyst Peter Benedict lowered the firm's price target on RH to $230 from $250 and keeps a Neutral rating on the shares. The analyst said 1Q was a tough quarter in absolute terms, but results modestly exceeded guidance/expectations. That said, with the demand backdrop still difficult, the company is having to take incremental markdowns to clear through discontinued inventory ahead of product newness hitting the market. ShowHide Related Items >><<
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Thursday | ||||
On The Fly
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Fly Intel: After-Hours Movers »
20:31 05/25/23 05/2520:31 05/25/2320:31
MRVL
Marvell
Gap
Workday
Lionsgate
PDS Biotechnology
Bank of Hawaii
I-Mab
Ulta Beauty
Domo
Deckers Brands
23andMe
RH
Relay Therapeutics
Check out this evening's… ShowHide Related Items >><<
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Hot Stocks
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RH falls 3% to $246.00 after Q1 results and updated FY23 guidance
16:13 05/25/23 05/2516:13 05/25/2316:13
RH
RH
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Earnings
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RH narrows higher FY23 revenue view to $3.0B-$3.1B from $2.9B-$3.1B »
16:13 05/25/23 05/2516:13 05/25/2316:13
RH
RH
Consensus $3.04B. The… Consensus $3.04B. The company is also lowering its outlook for adjusted operating margin to a range of 14.5% to 15.5%, "which includes an approximate 150 basis point drag due to the ramp up of global expansion". Prior operating margin forecast was 15%-17%. ShowHide Related Items >><<
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Earnings
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RH sees Q2 revenue $765M-$775M, consensus $784.3M »
16:10 05/25/23 05/2516:10 05/25/2316:10
RH
RH
Sees Q2 operating margin… Sees Q2 operating margin 14.0%-14.5% ShowHide Related Items >><<
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Earnings
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RH reports Q1 EPS $2.21, consensus $2.09 »
16:09 05/25/23 05/2516:09 05/25/2316:09
RH
RH
Reports Q1 revenue $739B,… Reports Q1 revenue $739B, consensus $726.6M. The company states: "Revenues of $739 million and adjusted operating margin of 14.9% exceeded our financial outlook in the first quarter despite a continued decline of the overall macro environment, especially for home-related businesses. With 30-year mortgage rates trending at 20-year highs, the possibility of continued economic tightening required to tame inflation, and uncertainty regarding the recent regional banking crisis, we expect the luxury housing market and broader economy to remain challenging throughout fiscal 2023 and into next year. Based on the above and current demand trends, we are now forecasting increased markdowns to clear discontinued inventory required to support our product transformation over the next several quarters. We are raising our revenue outlook for fiscal 2023 to a range of $3.0 to $3.1 billion and lowering our outlook for adjusted operating margin to a range of 14.5% to 15.5%, which includes an approximate 150 basis point drag due to the ramp up of our global expansion." ShowHide Related Items >><<
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