RH Reports First Quarter Fiscal 2024 Results
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Restoration Hardware (RH) PT Lowered to $300 at Morgan Stanley
June 17, 2024 5:20 AM EDTMorgan Stanley analyst Simeon Gutman lowered the price target on Restoration Hardware (NYSE: RH) to $300.00 (from $320.00) while maintaining a Equalweight rating.
The analyst comments "Our EW investment view is unchanged. We have been patiently waiting on the sidelines for an... More
RH (RH) Misses Q1 EPS by 28c, Offers Guidance
June 13, 2024 4:47 PM EDT(Updated - June 13, 2024 4:49 PM EDT)
RH (NYSE: RH) reported Q1 EPS of ($0.40), $0.28 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $727 million versus the consensus estimate of $725.15 million.
OUTLOOK
While we expect business conditions to remain challenging until interest rates ease and the housing market begins to rebound, we expect our demand trends to accelerate throughout fiscal 2024.
As previously... More
