Restoration Hardware (RH) PT Lowered to $190 at Loop Capital

Loop Capital analyst Anthony Chukumba lowered the price target on Restoration Hardware (NYSE: RH) to $190.00 (from $450.00) while maintaining a Hold rating.

The analyst commented: "RH's F4Q 2024 results were worse than we expected, and while management's F2025 guidance was largely in line with consensus forecasts, the significant implied profitability ramp over the final three quarters gives us pause. On top of all that, we worry about the implications of the hefty Trump administration tariffs announced this afternoon, which not only impact products sourced from China (34% tariff) but from Vietnam (46% tariff), Indonesia (32% tariff), and India (26% tariff) as well. We also worry about the impact the tariffs will have on affluent consumer confidence. Thus, we are slashing our RH price target to $190 from $450 while maintaining our Hold rating."

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