RH (NYSE:RH) Receives “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of RH (NYSE:RH) in a report released on Tuesday, Marketbeat reports. The brokerage currently has a $335.00 price target on the stock, up from their prior price target of $285.00. Telsey Advisory Group also issued estimates for RH’s Q4 2024 earnings at $1.66 EPS, FY2024 earnings at $7.87 EPS, Q1 2025 earnings at $1.84 EPS, Q2 2025 earnings at $4.30 EPS, Q3 2025 earnings at $2.43 EPS, Q4 2025 earnings at $2.58 EPS, FY2025 earnings at $11.15 EPS, Q1 2026 earnings at $2.54 EPS, Q2 2026 earnings at $5.34 EPS, Q3 2026 earnings at $3.30 EPS, Q4 2026 earnings at $3.37 EPS and FY2026 earnings at $14.55 EPS.

Several other research analysts have also issued reports on RH. Barclays increased their price objective on RH from $256.00 to $293.00 and gave the stock an equal weight rating in a research note on Friday, December 8th. TD Cowen dropped their price objective on RH from $350.00 to $325.00 and set an outperform rating for the company in a research note on Friday, December 8th. Bank of America dropped their price objective on RH from $345.00 to $309.00 and set a buy rating for the company in a research note on Friday, December 8th. Wedbush reiterated a neutral rating and set a $275.00 price objective on shares of RH in a research note on Friday, March 22nd. Finally, Morgan Stanley lowered their target price on RH from $340.00 to $290.00 and set an equal weight rating for the company in a research note on Friday, December 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $322.07.

RH Trading Up 17.3 %

RH opened at $348.26 on Tuesday. RH has a 1-year low of $207.26 and a 1-year high of $406.38. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 62.52, a P/E/G ratio of 2.99 and a beta of 2.43. The business has a 50 day moving average of $275.27 and a 200-day moving average of $268.46.

RH (NYSE:RH) last issued its earnings results on Wednesday, March 27th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.99). The firm had revenue of $738.26 million during the quarter, compared to the consensus estimate of $777.50 million. RH had a return on equity of 199.51% and a net margin of 4.21%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the business earned $2.88 earnings per share. Equities analysts predict that RH will post 11.8 EPS for the current year.

Insider Activity at RH

In related news, insider Edward T. Lee sold 2,624 shares of the firm’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $264.50, for a total value of $694,048.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 23.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On RH

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in shares of RH by 11.5% during the 3rd quarter. FMR LLC now owns 2,143,424 shares of the company’s stock valued at $566,636,000 after purchasing an additional 221,858 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of RH by 5.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,859,724 shares of the company’s stock valued at $457,623,000 after purchasing an additional 98,713 shares in the last quarter. Atreides Management LP lifted its holdings in shares of RH by 0.3% during the 3rd quarter. Atreides Management LP now owns 1,059,872 shares of the company’s stock valued at $280,188,000 after purchasing an additional 3,375 shares in the last quarter. Durable Capital Partners LP lifted its holdings in shares of RH by 2.6% during the 1st quarter. Durable Capital Partners LP now owns 677,603 shares of the company’s stock valued at $220,960,000 after purchasing an additional 17,196 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of RH by 26.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 603,185 shares of the company’s stock valued at $175,817,000 after purchasing an additional 127,889 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

RH Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings and operates under RH Galleries and RH brand names in the District of Columbia and Canada, as well as Waterworks showrooms throughout the United States and the United Kingdom. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings.