RH slides after downbeat forecast; Jefferies cuts PT

RH

01/04/2026 11:48

** Shares of luxury furniture retailer RH RH.N down 18.6% at $113.87 premarket

** Co sees annual revenue growth below estimates, per data compiled by LSEG

** Co's Q4 net revenue and adjusted EPS miss analyst expectations

** Firm says Q4 revenue took a roughly $40 mln hit from tariff‑related resourcing and adverse weather

** At least two brokerages cut PT on stock post results

** Jefferies cuts price target to $128 from $168; flags that mix of negative near-term growth, continued margin drag from overseas operations and financial leverage remain key challenges

** Adds elevated promotional activity across the high‑end furniture market has likely exhausted RH’s pricing power

** As of last close, RH stock down 21.95% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))