Guggenheim restated their buy rating on shares of RH (NYSE:RH – Free Report) in a research report report published on Friday morning,Benzinga reports. The firm currently has a $200.00 target price on the stock.
Several other research analysts have also recently weighed in on the company. Wells Fargo & Company decreased their price target on RH from $225.00 to $175.00 and set an “overweight” rating for the company in a research note on Friday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of RH in a research report on Friday, July 24th. Telsey Advisory Group lifted their price objective on RH from $140.00 to $155.00 and gave the stock a “market perform” rating in a report on Friday. Stifel Nicolaus boosted their target price on RH from $110.00 to $130.00 and gave the stock a “hold” rating in a research report on Friday, June 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of RH from $225.00 to $212.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $165.57.
View Our Latest Stock Analysis on RH
RH Trading Down 0.1%
RH (NYSE:RH – Get Free Report) last released its quarterly earnings data on Thursday, September 10th. The company reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $2.32. The business had revenue of $922.15 million for the quarter, compared to analysts’ expectations of $915.09 million. RH had a return on equity of 132.79% and a net margin of 3.23%.The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.93 EPS. On average, equities research analysts forecast that RH will post 4.2 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director Mark S. Demilio sold 3,102 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $144.00, for a total transaction of $446,688.00. Following the completion of the sale, the director directly owned 25,830 shares in the company, valued at approximately $3,719,520. The trade was a 10.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Carlos Alberini bought 11,388 shares of RH stock in a transaction on Monday, June 29th. The shares were acquired at an average cost of $160.90 per share, with a total value of $1,832,329.20. Following the completion of the acquisition, the director owned 32,190 shares of the company’s stock, valued at $5,179,371. The trade was a 54.74% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have sold 132,749 shares of company stock valued at $21,856,812. Insiders own 26.90% of the company’s stock.
Hedge Funds Weigh In On RH
Institutional investors and hedge funds have recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd purchased a new stake in RH in the third quarter worth about $30,000. Wilmington Savings Fund Society FSB lifted its position in shares of RH by 200.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 174 shares of the company’s stock valued at $31,000 after buying an additional 116 shares in the last quarter. Advisory Services Network LLC purchased a new position in RH during the third quarter valued at approximately $31,000. Modus Advisors LLC purchased a new position in shares of RH during the 4th quarter valued at $34,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of RH during the first quarter worth about $42,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.
RH News Summary
Here are the key news stories impacting RH this week:
- Positive Sentiment: RH reported quarterly EPS of $2.70, well above the roughly $0.38–$0.42 analyst consensus. Revenue rose 2.6% year over year to approximately $922.2 million, broadly near estimates. A tariff refund helped lift profitability, while gross profit increased 8.7% to $444.9 million. RH Stock Rallies After Mixed Q2 Print
- Positive Sentiment: Management is positioning the new RH Estates collection and gallery format as a major long-term growth opportunity, saying it could potentially double the company’s addressable market. RH aims for Estates to represent half of its offering within five years. RH Estates: The Strategy Behind the Vision
- Positive Sentiment: Some analysts remain constructive: JPMorgan maintained an overweight rating with a $190 target, TD Cowen kept a buy rating at $190, and Guggenheim reaffirmed its buy rating with a $200 target. Analyst Forecast Revisions
RH Company Profile
RH, formerly known as Restoration Hardware, is a luxury home-furnishings company that offers products for residential and hospitality interiors. Its collections include furniture, lighting, textiles, rugs, bath and hardware, outdoor furnishings, and decorative accessories across a range of design categories.
The company sells through a network of RH Galleries, outlet locations, source books and its digital platforms. Its galleries are designed as immersive retail spaces that showcase coordinated room settings and related collections.
Featured Stories
- Five stocks we like better than RH
- Why Bitcoin ETFs May Be Worth Another Look as Inflows Rebound
- 3 Small-Cap Biotechs With Binary Catalysts on the Calendar
- Planet Labs Has Fallen Back to Earth, But Wall Street Still Sees a Rebound
- As Homeowners’ Premiums Surge, This Insurer Is Posting Record Profits
Receive News & Ratings for RH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RH and related companies with MarketBeat.com's FREE daily email newsletter.
