1201 ET - Luxury furniture retailer RH has a multi-pronged problem. The company formerly known as Restoration Hardware's fiscal 4Q results were worse than expected, says Loop Capital's Anthony Chukumba in a research note. He adds that RH's guidance for 2025, while in line with consensus forecasts, the significant implied profitability ramp over the final three quarters gives him pause. Adding in the implications for RH from the latest tariffs enacted by the Trump administration and their potential impact on affluent consumer confidence prompts Chukumba to slash his price target to $190 from $450, though he maintains his hold rating. Shares dive 42% to $145, on pace for its largest percentage decrease on record. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
April 03, 2025 12:01 ET (16:01 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。