Restoration Hardware (RH) PT Lowered to $375 at Telsey
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Restoration Hardware (RH) PT Lowered to $520 at Jefferies
June 3, 2022 8:10 AM EDTJefferies analyst Jonathan Matuszewski lowered the price target on Restoration Hardware (NYSE: RH) to $520.00 (from $560.00) while maintaining a Buy rating following earnings.
The analyst commented, "We view initial demand for RH Contemporary as the single most important focal point for investors over... More
RH (RH) Shares Down 4% Despite Earnings Beat as Guidance Reflects a Further Slowdown in Demand, Analysts See More EPS Risk and Uncertainty
June 3, 2022 7:42 AM EDTShares of RH (NYSE: RH) are down more than 1% in premarket trading after the company issued its revenue forecast for the full fiscal 2023.
RH reported Q1 adjusted EPS of $7.78, compared to $4.89 in the year-ago period and above the analyst consensus of $5.36. Net revenue stood at $957 million, up 11% YoY and topping the consensus projection of $925.3 million.
RH reported an adjusted gross margin of 52.1%, compared to 47.3% in the same period last year and above the... More
