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Marius Morar

Director of Research and Securities at Zelman Capital LLC

New York, NY, US

Marius Morar is a Director of Research and Securities at Zelman & Associates, specializing in the consumer sector and building products industry. He covers major companies within these sectors, offering in-depth analysis and survey-driven insights that inform investment strategies; quantitative metrics such as his scenario-weighted price targets and performance outlooks on equity securities demonstrate a rigorous, data-driven approach. Morar began his career after earning a bachelor’s degree in economics and philosophy from the University of California, Irvine, previously serving as an equity research vice president focused on building products at Credit Suisse and Deutsche Bank before joining Zelman. While specific FINRA registration details and securities licenses are not published, his senior research role and history at top-tier firms signify strong professional credentials and expertise.

Marius Morar's questions to RH (RH) leadership

Question · Q1 2025

Marius Morar of Zelman & Associates asked why the recent business slowdown was more pronounced in the outdoor furniture category. He also inquired about the international adoption of RH's contract and hospitality business.

Answer

Chairman & CEO Gary Friedman explained that the outdoor category has a short, critical peak selling season, which was directly impacted by the timing of the tariff-related supply chain disruptions. Regarding the contract business, management noted that RH has been serving international contract clients for nearly two decades and that its performance trends with the core business.

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