Restoration Hardware (RH) PT Raised to $750, Cowen Sees 4 Key Points to the Report

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RH (RH) Crushes Profit, Sales and Guidance Estimates to Send Shares Higher, Analysts Raise PTs on 'Impressive Top and Bottom Line Beat'

June 10, 2021 7:06 AM EDT

Shares of RH (NYSE: RH) are up more than 6% in pre-open Thursday after the company smashed quarterly estimates and raised guidance.

The company made a profit of $4.89 per share to top the $4.03 per share expected from market analysts. Sales came in at $860.8 million, easily surpassing the $752 million consensus.

Fiscal 2021 is off to a strong start, with revenues up 78% in the first quarter versus down 19% a year ago. Total Company demand increased 101% in Q1 and RH Core demand increased 109%, the strongest demand trends in our industry, CEO Gary Friedman said in a... More

Restoration Hardware (RH) PT Raised to $725 at Telsey

June 10, 2021 6:42 AM EDT

Telsey analyst Cristina Fernandez raised the price target on Restoration Hardware (NYSE: RH) to $725.00 (from $675.00) while maintaining a Outperform rating.

... More