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William Blair's Philip Blyth Maintains Hold on RH: Balance of Valuation and Execution Risk

RH 于 2026 年 6 月 11 日盘后 (美东时间) 发布 FY2027 Q1 财报，实际营收 800.33 M USD (预期 792.38 M USD)，实际 EPS -0.7299 USD (预期 -2.2316 USD)

RH Reports Q1 Net Loss of $13.7M, Forecasts FY2026 Revenue Growth of 4.5%-8%

RH Executives Purchasing Company Stocks

RH Reports Disappointing Forecasts, Pre-Market Stock Down 18.6%

RH released FY2026 Annual Earnings on March 31 After-Market (EST), actual revenue USD 3.44 B (forecast USD 3.47 B), actual EPS USD 6.31 (forecast USD 7.02)

RH released FY2026 Q4 earnings on March 31 After-Market EST, actual revenue USD 842.62 M (forecast USD 873.25 M), actual EPS USD 1.46 (forecast USD 2.198)

RH to Release FY2026 Q4 Earnings on March 31 After-Market EST, Forecast Revenue USD 873.25 M, EPS USD 2.198

RH Stock Bearsish Sentiment and Active Option Activity

RH Director Sells Company's Common Stock

Narwhal Capital Management Reduces RH Holdings

Trump Delays Furniture Tariff Hike Until January 1, 2027

Barclays Analyst Reiterates RH's Buy Rating

RH released FY2026 9 Months earnings on December 11 After-Market EST, actual revenue USD 2.597 B, actual EPS USD 4.8499

RH released FY2026 Q3 earnings on December 11 After-Market (EST), actual revenue USD 883.81 M (forecast USD 883.65 M), actual EPS USD 1.8299 (forecast USD 2.18)

RH Reports Q3 Earnings Below Expectations, Post-Market Stock Up

RH to Release FY2026 Q3 Earnings on December 11 After-Market EST, Forecast Revenue USD 883.65 M, EPS USD 2.18

Janney Montgomery Scott LLC Significantly Reduces RH Stock Holdings

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Earning Release

业绩披露

2026.06.11 (EST) Announced FY2027 Q1 Earning Release (USD) Revenue 800.33 M, Net Income -13.7 M, EPS -0.7299

RH (RH.US) Q3 2025 Earnings Conference Call

RH (RH.US) Q2 2025 Earnings Conference Call

RH (RH.US) Q1 2025 Earnings Conference Call

RH (RH.US) Q4 2024 Earnings Conference Call

RH(RH.US) 2024 年第三季度业绩电话会

ADBE

ADBG

ADBU

Adobe and RH beat earnings expectations, driven by Adobe's subscription growth and RH's resilient demand. However, stocks faced pressure due to investor concerns over Adobe's leadership changes and freemium strategy, alongside RH's near-term growth constraints. Analysts maintain a cautious outlook on short-term performance despite recognizing long-term potential amidst strategic shifts and macro risks.

- Adobe and RH reported earnings that surpassed consensus estimates, attributed to strong subscription growth and resilient demand, respectively.  
- However, investor concerns about Adobe's leadership changes and RH's growth constraints negatively affected market sentiment despite the positive results.  
- Analysts recognize the long-term potential for both companies but express caution regarding short-term performance due to strategic shifts and macroeconomic risks.

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Adobe and RH beat earnings but stocks face pressure

Rh (RH) disclosed new risks in its SEC filings, warning that its 2025 Form 10-K does not exhaustively list all potential threats. The company highlights evolving and unquantified risks in its 2026 Q1 10-Q, suggesting adverse developments beyond current disclosures could impact financial conditions. Meanwhile, the average stock price target stands at $166.50, implying an 8.80% upside potential.

Tip Ranks

Rh Warns of Evolving, Unquantified Risks Beyond 10-K Disclosures in Latest SEC Filings

RH raised its 2026 outlook, projecting revenue growth of 4.5%-8% and $300M-$400M free cash flow, driven by stronger-than-expected Q1 results. Growth is expected to accelerate in the second half due to backlog reduction, new store openings, and the RH Estates luxury concept rollout. However, international expansion preopening costs are anticipated to reduce margins by up to 270 basis points for the year, with Q2 margins also facing pressure.

RH lifts 2026 outlook despite Q1 loss and margin pressure

RH reported a Q1 earnings beat with $800.3M revenue and raised FY26 guidance, targeting 4.5%-8% revenue growth and 14.2%-16% EBITDA margins. Management highlighted strategic expansion into luxury via RH Estates and new galleries but warned of near-term margin pressure from international startup costs, high build expenses, and soft housing markets. The company aims to be debt-free by 2029 through asset sales while navigating tariff impacts and backlog delays.

RH Bets Big On Luxury Despite Margin Squeeze

RH stock's average 12-month price target has been raised to $150.27 by 15 analysts, up from $144.73, with forecasts ranging from $88 to $240. Based on the June 11 closing price, this implies a 6% downside. The consensus rating remains 'Hold' across 21 covering analysts, comprising 7 Buys, 11 Holds, and 3 Sells.

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Factset Research

RH Stock 12‑Month Price Target Raised to $150.27, Implies 6% Downside

RH reported Q1 2026 revenues of $800.3 million and an adjusted EBITDA margin of 7.1%, exceeding expectations. Consequently, the company raised its full-year fiscal 2026 outlook, anticipating revenue growth of 4.5% to 8% and an adjusted EBITDA margin of 14.2% to 16%. Key strategic initiatives include launching RH Estates for high-end design accessibility, expanding internationally with new stores in Paris, Milan, and London, and implementing a loyalty program for trade clients.

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Transcript: RH Q1 2026 Earnings Conference Call

RH stock fell over 6% due to weak Q2 revenue guidance, despite beating Q1 earnings and raising full-year sales outlook. Analysts raised price targets, with Guggenheim highlighting margin expansion and upcoming catalysts like the RH Estates launch and London opening as potential drivers to reshape the investment narrative over the next year.

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Stifel Financial

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A DD

WELLS FARGO & COMPANY 7.5% PERP CONV PRF CLS 'A' SERIES 'L'

WELLS FARGO & COMPANY DEP SHS REP 1/1000 INT PER PFD SER Y A

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A CC

WELLS FARGO & COMPANY 4.75% DEP SHS 1/1000 NCUM PFD CL A SR Z

WELLS FARGO & COMPANY DEP SHS REP 1/1000TH INT PFD SR AA (CLA)

STIFEL FINANCIAL CORP 6.125% DEP SHS REP 1/1000 NON CU PF SR C

Stifel Financial Pref Share SFB 5.2 10/15/47

STIFEL FINANCIAL CORP 6.25%NON CUM DEP SHS REP 1/1000TH SER B

STIFEL FINANCIAL CORP 4.50% DEP SHS REP 1/1000TH PREF SHS SR D

RH Could Rewrite Its Investment Narrative Over The Next Year, Analyst Says

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SpaceX shares surged to $175 upon its record-breaking IPO, triggering a sharp sell-off among space and satellite peers like AST SpaceMobile and Rocket Lab. Meanwhile, oil prices slid on US-Iran deal hopes, boosting the energy sector. The broader market saw mixed results: the Dow and S&P 500 rose slightly, while the Nasdaq dipped. Adobe and RH fell due to earnings disappointments, whereas Intel rallied on an upgrade.

- Space Exploration Technologies Corp. (NASDAQ:SPCX) debuted as the biggest IPO in history, with shares hitting $175, approximately 30% above the listing price of $135.  
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- Meanwhile, the overall market saw mixed performances, with the S&P 500 gaining 0.2% and the Nasdaq 100 slipping slightly, amid geopolitical concerns affecting oil prices and broader economic sentiments.

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Stock Market Today: SpaceX Jumps To $175, Rocks Space Rivals

RH reported Q1 earnings beating estimates and raised FY2026 sales guidance, yet shares fell 5.8%. Despite the drop, analysts Baird, Wells Fargo, and Stifel maintained their ratings (Neutral, Overweight, Hold) while raising price targets to $150, $175, and $130 respectively.

These Analysts Increase Their Forecasts On RH Following Better-Than-Expected Q1 Earnings