RH falls 5.4% as investors weigh tariff-driven delivery delays despite raised FY2026 outlook

RH (RH) is down 5.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to the market’s reaction to RH’s fiscal Q1 2026 results and commentary around tariff-related sourcing changes that pushed deliveries (and revenue) into future periods. Even with the company raising its full-year outlook, investors may have focused on the near-term revenue pressure, a GAAP net loss, and margin headwinds from ongoing investment (including international expansion).

Details:

RH reported fiscal Q1 2026 GAAP net revenues of $800.3 million, down 1.7% year over year, alongside a GAAP net loss of $13.7 million.

The company said quarterly net revenues were negatively impacted by about $45 million due to elevated backorder and special-order balances tied largely to tariff-related resourcing, shifting fulfillment into later periods.

RH raised its fiscal 2026 outlook to revenue growth of 4.5% to 8.0% and adjusted EBITDA margin of 14.2% to 16.0%.

The company noted the full-year outlook includes an approximate 270 basis-point drag on adjusted EBITDA margin from pre-opening and startup costs supporting international expansion.

Sources:

RH Investor Relations (SEC filing), Furniture Today, MarketBeat

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 17 times in the past 6 months. Of those trades, 0 have been purchases and 17 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 13 sales selling 25,000 shares for an estimated $3,370,475.
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. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$RH Hedge Fund Activity

We have seen 211 institutional investors add shares of $RH stock to their portfolio, and 255 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ALYESKA INVESTMENT GROUP, L.P. added 1,504,205 shares (+1138.5%) to their portfolio in Q1 2026, for an estimated $210,317,943
MILLENNIUM MANAGEMENT LLC added 536,709 shares (+2749.0%) to their portfolio in Q1 2026, for an estimated $75,042,652
ALLIANCEBERNSTEIN L.P. removed 471,817 shares (-96.3%) from their portfolio in Q1 2026, for an estimated $65,969,452
CAPITAL RESEARCH GLOBAL INVESTORS added 340,523 shares (+inf%) to their portfolio in Q1 2026, for an estimated $47,611,925
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. removed 278,020 shares (-99.7%) from their portfolio in Q1 2026, for an estimated $38,872,756

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$RH Congressional Stock Trading

Members of Congress have traded $RH stock 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.

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

REPRESENTATIVE MARIA ELVIRA SALAZAR has traded it 2 times. They made 2 purchases worth up to $100,000 on 03/19 and 0 sales.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$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 11 analysts offer price targets for $RH in the last 6 months, with a median target of $155.0.

Here are some recent targets:

Peter Benedict from Baird set a target price of $150.0 on 06/12/2026
Steven Forbes from Guggenheim set a target price of $200.0 on 06/12/2026
Zachary Fadem from Wells Fargo set a target price of $175.0 on 06/12/2026
Michael Lasser from UBS set a target price of $155.0 on 06/09/2026
Kate McShane from Goldman Sachs set a target price of $88.0 on 04/07/2026
Seth Sigman from Barclays set a target price of $202.0 on 04/02/2026
Steven Zaccone from Citigroup set a target price of $150.0 on 04/02/2026

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.