Robert W. Baird Cuts RH (NYSE:RH) Price Target to $160.00

RH (NYSE:RH) had its target price reduced by Robert W. Baird from $165.00 to $160.00 in a research note released on Friday morning, Marketbeat Ratings reports. They currently have a neutral rating on the stock.

Several other research firms also recently issued reports on RH. Guggenheim reissued a “buy” rating and issued a $200.00 price target on shares of RH in a research note on Friday, June 12th. Citigroup upped their price objective on RH from $150.00 to $166.00 and gave the stock a “neutral” rating in a research report on Monday, June 15th. UBS Group decreased their price objective on RH from $160.00 to $155.00 and set a “neutral” rating for the company in a report on Tuesday, June 9th. The Goldman Sachs Group raised RH from a “sell” rating to a “neutral” rating and lifted their target price for the company from $86.00 to $155.00 in a research report on Wednesday, July 8th. Finally, Wells Fargo & Company boosted their target price on RH from $175.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $165.57.

RH Stock Down 0.1%

RH stock opened at $133.91 on Friday. The company has a 50 day moving average of $166.32 and a 200-day moving average of $149.81. The company has a quick ratio of 0.37, a current ratio of 1.12 and a debt-to-equity ratio of 26.57. RH has a twelve month low of $106.30 and a twelve month high of $248.44. The stock has a market capitalization of $2.53 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 3.19 and a beta of 1.85.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, September 10th. The company reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $2.32. The business had revenue of $922.15 million for the quarter, compared to analyst estimates of $915.09 million. RH had a net margin of 3.23% and a return on equity of 132.79%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the business posted $2.93 earnings per share. On average, equities research analysts anticipate that RH will post 4.2 EPS for the current fiscal year.

Insider Buying and Selling at RH

In related news, Director Carlos Alberini acquired 11,388 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was bought at an average price of $160.90 per share, with a total value of $1,832,329.20. Following the acquisition, the director owned 32,190 shares in the company, valued at $5,179,371. This represents a 54.74% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Demilio sold 3,102 shares of RH stock in a transaction dated 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 transaction, the director directly owned 25,830 shares of the company’s stock, valued at approximately $3,719,520. This trade represents a 10.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 132,749 shares of company stock worth $21,856,812 over the last ninety days. 26.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On RH

Several hedge funds and other institutional investors have recently made changes to their positions in RH. California State Teachers Retirement System boosted its holdings in RH by 16,138.1% in the second quarter. California State Teachers Retirement System now owns 2,835,168 shares of the company’s stock valued at $467,037,000 after acquiring an additional 2,817,708 shares during the last quarter. BlackRock Inc. grew its position in RH by 41.7% in the 2nd quarter. BlackRock Inc. now owns 1,978,271 shares of the company’s stock valued at $325,881,000 after purchasing an additional 581,710 shares during the period. Durable Capital Partners LP boosted its position in shares of RH by 125.1% during the second quarter. Durable Capital Partners LP now owns 646,097 shares of the company’s stock valued at $122,119,000 after buying an additional 359,101 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of RH by 1,797.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 246,355 shares of the company’s stock worth $44,134,000 after acquiring an additional 233,373 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of RH by 66.1% in the 3rd quarter. Alliancebernstein L.P. now owns 573,666 shares of the company’s stock worth $116,546,000 after acquiring an additional 228,229 shares in the last quarter. 90.17% of the stock is owned by 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

About RH

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.