RH Gets Price Targets Cuts By Analysts After Weak Q4 Results

RH RH reported weaker-than-expected results for its fourth quarter on Wednesday.

RH posted quarterly earnings of $2.88 per share, missing analysts’ estimates of $3.34 per share. The company’s quarterly sales came in $772.50 million, missing expectations of $779.75 million.

The company also said it sees 2023 revenues of $2.9 billion to $3.1 billion, versus estimates of $3.6 billion.

RH shares dropped 6.3% to $230.31 in today’s pre-market trading session.

These analysts made changes to their price targets on RH following the release of results.

• Telsey Advisory Group cut the price target on RH from $280 to $225. Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating.
• Baird slashed the price target on RH from $300 to $250. Baird analyst Peter Benedict maintained a Neutral rating.
• Citigroup lowered the price target on RH from $380 to $330. Citigroup analyst Steven Zaccone maintained the stock with a Buy rating.
• Wedbush cut the price target on RH from $245 to $235. Wedbush analyst Seth Basham maintained the stock with a Neutral rating.

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