Recent Research Analysts’ Ratings Updates for RH (RH)

A number of research firms have changed their ratings and price targets for RH (NYSE: RH):

• 9/16/2024 – RH had its price target lowered by analysts at JPMorgan Chase & Co. from $345.00 to $338.00. They now have an “overweight” rating on the stock.
• 9/16/2024 – RH had its price target raised by analysts at Loop Capital from $230.00 to $320.00. They now have a “hold” rating on the stock.
• 9/16/2024 – RH had its price target lowered by analysts at Barclays PLC from $340.00 to $320.00. They now have an “equal weight” rating on the stock.
• 9/16/2024 – RH had its price target raised by analysts at Stifel Nicolaus from $315.00 to $375.00. They now have a “buy” rating on the stock.
• 9/13/2024 – RH had its price target raised by analysts at Wells Fargo & Company from $325.00 to $350.00. They now have an “overweight” rating on the stock.
• 9/13/2024 – RH had its price target raised by analysts at Wedbush from $250.00 to $310.00. They now have a “neutral” rating on the stock.
• 9/13/2024 – RH had its price target raised by analysts at Robert W. Baird from $275.00 to $290.00. They now have a “neutral” rating on the stock.
• 9/13/2024 – RH had its price target raised by analysts at Morgan Stanley from $300.00 to $310.00. They now have an “equal weight” rating on the stock.
• 9/13/2024 – RH had its price target raised by analysts at Citigroup Inc. from $340.00 to $355.00. They now have a “buy” rating on the stock.
• 9/13/2024 – RH had its price target raised by analysts at Bank of America Co. from $310.00 to $359.00. They now have a “buy” rating on the stock.
• 9/13/2024 – RH had its price target raised by analysts at TD Cowen from $325.00 to $350.00. They now have a “buy” rating on the stock.
• 9/10/2024 – RH had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $290.00 price target on the stock.
• 9/6/2024 – RH had its price target lowered by analysts at Wells Fargo & Company from $350.00 to $325.00. They now have an “overweight” rating on the stock.
• 9/5/2024 – RH had its price target lowered by analysts at Bank of America Co. from $325.00 to $310.00. They now have a “buy” rating on the stock.

RH Price Performance

NYSE RH opened at $329.99 on Tuesday. The stock’s 50 day simple moving average is $265.34 and its 200-day simple moving average is $266.73. RH has a 1-year low of $207.26 and a 1-year high of $354.86. The company has a market cap of $6.09 billion, a PE ratio of 91.41, a price-to-earnings-growth ratio of 1.13 and a beta of 2.42.

RH (NYSE:RH) last issued its earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The business had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 10.63%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.93 earnings per share. On average, equities research analysts anticipate that RH will post 7.29 EPS for the current fiscal year.

Insider Buying and Selling at RH

In other news, CEO Gary G. Friedman purchased 34,200 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was acquired at an average price of $215.00 per share, for a total transaction of $7,353,000.00. Following the acquisition, the chief executive officer now directly owns 3,339,263 shares of the company’s stock, valued at $717,941,545. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 28.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Texas Permanent School Fund Corp increased its position in shares of RH by 25.3% during the second quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock worth $4,098,000 after purchasing an additional 3,387 shares in the last quarter. Findell Capital Management LLC acquired a new position in shares of RH in the 4th quarter valued at $5,247,000. First Hawaiian Bank boosted its stake in RH by 116.2% during the 2nd quarter. First Hawaiian Bank now owns 5,718 shares of the company’s stock worth $1,398,000 after purchasing an additional 3,073 shares during the period. Entropy Technologies LP acquired a new position in RH in the first quarter valued at $2,200,000. Finally, Artemis Investment Management LLP purchased a new stake in shares of RH in the first quarter valued at about $4,637,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

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.