Bank of America Reaffirms “Underperform” Rating for RH (NYSE:RH)

RH (NYSE:RH)‘s stock had its “underperform” rating restated by stock analysts at Bank of America in a research report issued on Monday,Benzinga reports. They currently have a $156.00 target price on the stock. Bank of America‘s target price would suggest a potential downside of 5.91% from the company’s current price.

Other research analysts also recently issued reports about the stock. KeyCorp reiterated a “sector weight” rating on shares of RH in a research note on Friday, June 12th. Wells Fargo & Company upped their target price on shares of RH from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $86.00 to $155.00 in a research note on Wednesday, July 8th. Robert W. Baird upped their price objective on RH from $125.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, June 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $240.00 target price on shares of RH in a report on Monday, May 11th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, RH has an average rating of “Hold” and an average price target of $170.71.

RH Price Performance

Shares of NYSE RH opened at $165.79 on Monday. The business has a 50 day moving average price of $160.67 and a two-hundred day moving average price of $160.31. RH has a fifty-two week low of $106.30 and a fifty-two week high of $257.00. The firm has a market cap of $3.13 billion, a PE ratio of 32.01, a price-to-earnings-growth ratio of 3.80 and a beta of 1.88. The company has a quick ratio of 0.32, a current ratio of 1.13 and a debt-to-equity ratio of 54.96.

RH (NYSE:RH) last released its earnings results on Thursday, June 11th. The company reported ($1.97) EPS for the quarter, beating the consensus estimate of ($2.12) by $0.15. RH had a return on equity of 423.79% and a net margin of 3.01%.The company had revenue of $800.33 million during the quarter, compared to analysts’ expectations of $792.55 million. During the same period in the prior year, the business posted $0.13 EPS. The business’s revenue was down 1.7% on a year-over-year basis. Sell-side analysts expect that RH will post 4.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other RH news, Director Carlos Alberini acquired 11,388 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was acquired at an average price of $160.90 per share, with a total value of $1,832,329.20. Following the transaction, the director directly owned 32,190 shares in the company, valued at approximately $5,179,371. This represents a 54.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark S. Demilio sold 2,445 shares of the business’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $168.44, for a total transaction of $411,835.80. Following the sale, the director directly owned 25,680 shares of the company’s stock, valued at approximately $4,325,539.20. This represents a 8.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 132,749 shares of company stock valued at $21,856,812. Company insiders own 26.90% of the company’s stock.

Institutional Trading of RH

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Belpointe Asset Management LLC boosted its position in RH by 3.5% during the 2nd quarter. Belpointe Asset Management LLC now owns 2,217 shares of the company’s stock valued at $365,000 after purchasing an additional 75 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of RH by 45.0% in the 4th quarter. Farther Finance Advisors LLC now owns 248 shares of the company’s stock worth $44,000 after acquiring an additional 77 shares during the period. Public Employees Retirement System of Ohio boosted its stake in RH by 1.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,122 shares of the company’s stock valued at $1,041,000 after purchasing an additional 81 shares during the period. CWM LLC increased its stake in shares of RH by 22.7% in the fourth quarter. CWM LLC now owns 492 shares of the company’s stock valued at $88,000 after purchasing an additional 91 shares during the period. Finally, US Bancorp DE boosted its position in shares of RH by 30.8% during the third quarter. US Bancorp DE now owns 416 shares of the company’s stock worth $85,000 after buying an additional 98 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

About RH

RH, formerly Restoration Hardware, is a design-driven luxury retailer specializing in high-end home furnishings, décor, textiles, lighting and outdoor living products. The company offers a curated collection of furniture pieces—including seating, casegoods, beds and dining items—alongside rugs, art and decorative accessories. RH’s product lines are organized into distinct collections, each reflecting a cohesive design philosophy and premium craftsmanship aimed at the residential and hospitality markets.

Founded in 1979 in Eureka, California, by Stephen Gordon, Restoration Hardware began as a small warehouse in Northern California.