RH sinks 22% after Q4 earnings miss and softer fiscal 2026 outlook

RH (RH) is down 22.2% today. Here is some analysis on what might have caused this price movement.

Analysis: RH shares appear to be sliding after the company posted a quarterly earnings miss and issued a comparatively cautious fiscal 2026 outlook, with profitability pressured by planned spending on expansion and pre-opening costs. Investors also seemed to react to management commentary that recent results were affected by tariff-related sourcing changes and late-quarter weather disruption.

Details:

RH reported fiscal Q4 net revenue of $842.6 million and quarterly profit of $28.8 million (period ended Jan. 31, 2026), with results coming in below typical Wall Street expectations for the quarter.

Adjusted earnings were about $1.53 per share versus an expectations baseline near $2.2, a shortfall that likely drove immediate repricing in the stock.

For fiscal 2026, RH guided to revenue growth of roughly 4% to 8% and adjusted EBITDA margin of about 14% to 16%, implying margin pressure versus the prior year as the company funds expansion initiatives.

Management indicated Q4 net revenues were negatively impacted by about $30 million tied to tariff-related resourcing/backorder dynamics and about $10 million tied to adverse weather late in the quarter.

Sources:

RH Investor Relations / SEC filing, Associated Press, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$RH Insider Trading Activity

$RH insiders have traded $RH stock on the open market 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.

Here’s a breakdown of recent trading of $RH stock by insiders over the last 6 months:

ERI CHAYA (SEE REMARKS) has made 0 purchases and 7 sales selling 14,000 shares for an estimated $1,853,330.
MARK S DEMILIO has made 0 purchases and 4 sales selling 5,154 shares for an estimated $1,100,147.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$RH Hedge Fund Activity

We have seen 204 institutional investors add shares of $RH stock to their portfolio, and 206 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

POINT72 ASSET MANAGEMENT, L.P. added 762,196 shares (+1845.6%) to their portfolio in Q4 2025, for an estimated $136,547,413
D. E. SHAW & CO., INC. removed 339,542 shares (-88.4%) from their portfolio in Q4 2025, for an estimated $60,828,949
WESTFIELD CAPITAL MANAGEMENT CO LP removed 332,901 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $59,639,214
BALYASNY ASSET MANAGEMENT L.P. added 278,930 shares (+inf%) to their portfolio in Q4 2025, for an estimated $49,970,309
JPMORGAN CHASE & CO removed 243,112 shares (-91.6%) from their portfolio in Q4 2025, for an estimated $43,553,514
JACOBS LEVY EQUITY MANAGEMENT, INC added 233,373 shares (+1797.7%) to their portfolio in Q4 2025, for an estimated $41,808,772
DURABLE CAPITAL PARTNERS LP removed 221,434 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $39,669,901

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$RH Analyst Ratings

Wall Street analysts have issued reports on $RH in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

TD Cowen issued a "Buy" rating on 01/20/2026
Morgan Stanley issued a "Overweight" rating on 01/15/2026

To track analyst ratings and price targets for $RH, check out Quiver Quantitative's $RH forecast page.

$RH Price Targets

Multiple analysts have issued price targets for $RH recently. We have seen 10 analysts offer price targets for $RH in the last 6 months, with a median target of $175.0.

Here are some recent targets:

Simeon Gutman from Morgan Stanley set a target price of $240.0 on 04/01/2026
Cristina Fernandez from Telsey Advisory Group set a target price of $140.0 on 04/01/2026
Max Rakhlenko from TD Cowen set a target price of $200.0 on 03/30/2026
Michael Lasser from UBS set a target price of $160.0 on 03/17/2026
Zachary Fadem from Wells Fargo set a target price of $225.0 on 03/13/2026
Kate McShane from Goldman Sachs set a target price of $144.0 on 12/15/2025
Seth Sigman from Barclays set a target price of $283.0 on 12/15/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.