Restoration Hardware (RH) Price Target Lowered to $91 at Piper Jaffray Following Q3 Results

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UBS Reiterated Bullish Views on Restoration Hardware (RH) Following 3Q Results

December 11, 2015 9:42 AM EST

UBS reiterated a Buy rating on Restoration Hardware (NYSE: RH), and cut the price target to $115.00 (from $125.00), following the company's 3Q earnings report. RH reported adjusted EPS of $0.65 vs. consensus of $0.63. A compelling aspect of what RH is building is the pliability of its margins. This was on display... More

Cowen Trims PT on Restoration Hardware (RH) Following Q3 Results But Says Weakness Overdone

December 11, 2015 7:49 AM EST

Cowen maintained an Outperform rating on Restoration Hardware (NYSE: RH), and cut the price target to $105.00 (from $112.00), following the company's 3Q earnings report. The +3c EPS beat was driven solely by lower SG&A. Despite the concerns, Cowen is still encouraged that 4Q... More

Restoration Hardware (RH) Bullish View Reiterated at BB&T Capital Following ‘Beat and Raise’

December 11, 2015 7:28 AM EST

BB&T Capital reiterated a Buy rating and $120.00 price target on Restoration Hardware (NYSE: RH) following the company's 3Q earnings report. Net revenues increased 9.8% to $532M, with comparable brand revenues up 7%. Management noted the sequential revenue growth deceleration was expected... More

After-Hours Stock Movers 12/10: (SUNE) (ADBE) (TERP) Higher; (RH) (NDSN) (VNCE) Lower (more...)

December 10, 2015 6:02 PM EST

SunEdison, Inc. (NYSE: SUNE) 9% HIGHER; announced that it has agreed to sell 333 megawatts of wind-power assets to Terra Nova Renewable Partners for $209 million. Terra Nova Renewable Partners is the strategic equity partnership formed between SunEdison and institutional investors advised by J.P. Morgan Asset Management Global Real Asset.

Adobe Systems (NASDAQ: ADBE)... More

Restoration Hardware (RH) Tops Q3 EPS by 2c, Offers Guidance

December 10, 2015 4:09 PM EST

Restoration Hardware (NYSE: RH) reported Q3 EPS of $0.65, $0.02 better than the analyst estimate of $0.63. Revenue for the quarter came in at $532.4 million versus the consensus estimate of $539.89 million.

Comparable brand revenues increased 7% on top of a 22% increase last... More

Cowen Sees New Cycle for Retail M&A in 2016

December 10, 2015 8:24 AM EST

In an extensive research report on the Retail sector Wednesday, multiple Cowen analysts including John Kernan, Oliver Chen, and Jerry Gray discussed a new cycle of M&A in the retail sector starting in 2016. The analysts said sector dislocation and valuation contraction creates opportunities for M&A and LBOs in retail. Meanwhile, they believe the market is under-appreciating the opportunity for a select number of companies expected to participate.

Cowen highlights that the group now trades at an average of 9x FY1 EV/EBITDA versus 11x FY1 EV/EBITDA in January 2015 This... More

Trading Radar for 12/10: Adobe (ADBE), Ciena (CIEN), Vince Holding (VNCE), Finisar (FNSR) Report

December 9, 2015 2:52 PM EST

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EST

Initial Claims - Street sees 269kContinuing Claims - Street sees 2.167MExport Prices: ex. Ag - no Street consensusImport Prices: ex. Oil - no Street consensus

Earnings:

Cantel Medical... More