RH (NYSE:RH) PT Lowered to $290.00

RH (NYSE:RH) had its target price cut by equities research analysts at Telsey Advisory Group from $320.00 to $290.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 26.24% from the stock’s previous close. Telsey Advisory Group also issued estimates for RH’s FY2025 earnings at $8.30 EPS.

A number of other analysts have also commented on the company. TD Cowen decreased their target price on RH from $350.00 to $325.00 and set a “buy” rating for the company in a research report on Friday. Oppenheimer reaffirmed a “market perform” rating on shares of RH in a research report on Monday, April 1st. Barclays lifted their price target on shares of RH from $293.00 to $340.00 and gave the company an “equal weight” rating in a research report on Monday, April 1st. JPMorgan Chase & Co. boosted their price target on shares of RH from $329.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Finally, Loop Capital raised their price objective on shares of RH from $260.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, April 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $321.85.

RH Stock Performance

NYSE:RH opened at $229.73 on Friday. RH has a 52 week low of $207.26 and a 52 week high of $406.38. The firm’s fifty day moving average is $265.77 and its 200-day moving average is $274.34. The firm has a market cap of $4.21 billion, a P/E ratio of 63.64, a P/E/G ratio of 0.91 and a beta of 2.51.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, June 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.32). RH had a net margin of 2.72% and a negative return on equity of 28.79%. The business had revenue of $726.96 million during the quarter, compared to analyst estimates of $725.15 million. During the same period in the prior year, the firm earned $2.21 earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that RH will post 8.91 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Eri Chaya sold 100,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $279.92, for a total transaction of $27,992,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total value of $616,440.00. Following the sale, the director now owns 12,991 shares of the company’s stock, valued at approximately $4,004,086.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eri Chaya sold 100,000 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $279.92, for a total value of $27,992,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,000 shares of company stock worth $28,897,430. 28.10% of the stock is owned by company insiders.

Institutional Trading of RH

Several hedge funds have recently made changes to their positions in the company. Cetera Advisors LLC increased its holdings in RH by 124.1% in the 1st quarter. Cetera Advisors LLC now owns 1,849 shares of the company’s stock worth $644,000 after acquiring an additional 1,024 shares during the last quarter. Virtu Financial LLC lifted its holdings in RH by 542.4% during the first quarter. Virtu Financial LLC now owns 26,684 shares of the company’s stock valued at $9,293,000 after purchasing an additional 22,530 shares during the last quarter. Tidal Investments LLC boosted its position in RH by 1,304.4% during the first quarter. Tidal Investments LLC now owns 14,227 shares of the company’s stock worth $4,955,000 after purchasing an additional 13,214 shares during the period. DCM Advisors LLC increased its stake in shares of RH by 0.6% in the first quarter. DCM Advisors LLC now owns 14,925 shares of the company’s stock worth $5,198,000 after purchasing an additional 93 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of RH by 0.4% in the first quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock valued at $2,986,000 after purchasing an additional 38 shares during the period. 90.17% of the stock is currently owned by institutional investors.

RH Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.