Restoration Hardware (RH) PT Cut to $47 at Cowen
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February 25, 2016 8:11 AM EST
Piper Jaffray analyst Neely Tamminga is slashing estimates on Restoration Hardware (NYSE: RH) due to the lack of visibility after the earnings miss. The PT is nearly cut in half as it drops to $48, no change to Neutral rating.
RH's provided a business update in which results are coming in well below guidance and expectations. Problems included shipping delays in its RH Modern product, underperformance in markets reliant on energy, currency fluctuations, and... More
February 25, 2016 8:02 AM EST
BB&T Capital maintained a Buy rating on Restoration Hardware (NYSE: RH), and cut the price target to $70.00 (from $120.00), following the company's preliminary 4Q earnings report. Net revenues increased 11% to $647M, but missed estimates by $70M. Management attributed the underperformance to shipping delays, as... More
February 24, 2016 4:14 PM EST
Restoration Hardware Holdings, Inc. (NYSE: RH) Chairman and Chief Executive Officer, Gary Friedman, today provided a business update and preliminary fourth quarter and fiscal 2015 results to shareholders.
Preliminary Fourth Quarter Results*
Demand sales/written orders increased 21% on top of 26% last year**Net revenues increased 11% to $647.2 million on top of a 24% increase last year (*** consensus is $710.9M)Comparable brand revenues increased 9% on top of a 24% increase last yearAdjusted operating...
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