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)
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