RH plunges to 4-year low on weak forecast, tariff concerns

Shares of luxury furniture retailer RH RH.N tumble 35.7% to $159.1

Stock hit more than four-year low, set for worst day on record

Co forecasts annual revenue below analysts' expectations, according to data compiled by LSEG

"We expect a higher risk business environment this year due to the uncertainty caused by tariffs, market volatility and inflation risk" - CEO Gary Friedman

At least eight brokerages cut price targets on the stock

Morgan Stanley says the earnings path not playing out due to lower demand, higher costs and potential margin pain with a tariff backdrop creating lack of visibility.

Co also misses Q4 net sales and adjusted EPS expectations

13 of 22 brokerages rate the stock "buy" or higher, eight "hold" and one "sell"; their median PT is $300

Including session's move, stock has fallen 62.2% YTD