RH (RH) News Today

RH (NYSE: RH) shares initially increased after the luxury home-furnishings company reported a significant second-quarter fiscal 2026 earnings beat and unveiled its RH Estates growth strategy, but the outlook and analyst revisions remain mixed.

• Positive Sentiment: RH reported quarterly EPS of $2.70, well above the roughly $0.38–$0.42 analyst consensus. Revenue rose 2.6% year over year to approximately $922.2 million, broadly near estimates. A tariff refund helped lift profitability, while gross profit increased 8.7% to $444.9 million. RH Stock Rallies After Mixed Q2 Print
• Positive Sentiment: Management is positioning the new RH Estates collection and gallery format as a major long-term growth opportunity, saying it could potentially double the company’s addressable market. RH aims for Estates to represent half of its offering within five years. RH Estates: The Strategy Behind the Vision
• Positive Sentiment: Some analysts remain constructive: JPMorgan maintained an overweight rating with a $190 target, TD Cowen kept a buy rating at $190, and Guggenheim reaffirmed its buy rating with a $200 target. Analyst Forecast Revisions

• Neutral Sentiment: RH forecast fiscal 2026 revenue of approximately $3.6 billion to $3.7 billion, implying 5.5%–7% growth. The company’s first standalone Estates gallery has opened in Connecticut, providing an early test of the expansion strategy.

• Negative Sentiment: Third-quarter revenue guidance of $928 million to $936.8 million is below the approximately $964 million consensus estimate, reinforcing concerns about near-term demand and a slower recovery. RH Brand Expansion and Second-Quarter Results
• Negative Sentiment: Several firms lowered their price targets after the results: BNP Paribas Exane cut its target to $81 with an underperform rating, Bank of America reduced its target to $114, and Baird, Telsey and other firms also revised estimates. Analysts cited tariff-related benefits, margin pressure and weak core sales as risks. Analysts Cut Price Targets After Q2 Results