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Morgan Stanley Maintains Restoration Hardware(RH.US) With Hold Rating, Raises Target Price to $435
A Quick Look at Today's Ratings for Restoration Hardware(RH.US), With a Forecast Between $420 to $550
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Luxury furniture retailer RH (RH.US) raises its full-year outlook, and the stock price increases by 15%.
Luxury furniture retailer RH (RH.US) saw its stock price rise by 15% on Friday, reaching a 52-week high. The company reported that its earnings for the third quarter did not meet expectations; however, it raised its full-year revenue forecast, anticipating a year-on-year growth of 18% to 20% in the fourth quarter. RH announced that its adjusted EPS for the last quarter was $2.48, an improvement from a loss of 42 cents last year, but below market expectations. Revenue grew by 8% to $0.81 billion, slightly below expectations.
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RH Is Maintained at Equal-Weight by Morgan Stanley
RH Raises Full-year Sales Guidance on Improved Demand, Shares Surge | NYSE:RH
Market Alert | Impressive performance! Luxury Goods Furniture retailer Restoration Hardware achieved profitability in the third quarter, with stock prices rising over 15%.
On Friday, Restoration Hardware surged over 15%, closing at $440.16.