RH (NYSE:RH) PT Lowered to $290.00 at Telsey Advisory Group

RH (NYSE:RH) had its price target lowered by Telsey Advisory Group from $320.00 to $290.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has a market perform rating on the stock. Telsey Advisory Group also issued estimates for RH’s FY2025 earnings at $8.30 EPS.

RH has been the subject of several other research reports. Robert W. Baird decreased their target price on RH from $300.00 to $275.00 and set a neutral rating for the company in a research note on Friday. Wedbush decreased their target price on RH from $320.00 to $250.00 and set a neutral rating for the company in a research note on Friday. Loop Capital upped their target price on RH from $260.00 to $350.00 and gave the company a hold rating in a report on Monday, April 1st. TD Cowen reduced their target price on RH from $350.00 to $325.00 and set a buy rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. upped their target price on RH from $329.00 to $345.00 and gave the company an overweight rating in a report on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $321.85.

RH Stock Down 17.1 %

Shares of RH stock opened at $229.73 on Friday. The stock has a 50-day simple moving average of $265.77 and a 200 day simple moving average of $274.37. RH has a fifty-two week low of $207.26 and a fifty-two week high of $406.38. The stock has a market capitalization of $4.21 billion, a P/E ratio of 63.64, a P/E/G ratio of 0.75 and a beta of 2.51.

RH (NYSE:RH) last announced its earnings results on Thursday, June 13th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.32). RH had a net margin of 2.72% and a negative return on equity of 28.79%. The firm had revenue of $726.96 million for the quarter, compared to the consensus estimate of $725.15 million. During the same period in the prior year, the business earned $2.21 EPS. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, sell-side analysts anticipate that RH will post 8.84 earnings per share for the current year.

Insider Activity at RH

In related news, insider Eri Chaya sold 100,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $279.92, for a total transaction of $27,992,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. In other RH news, insider Eri Chaya sold 100,000 shares of RH stock in a transaction on Monday, May 6th. The shares were sold at an average price of $279.92, for a total transaction of $27,992,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark S. Demilio sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total value of $288,990.00. Following the completion of the sale, the director now owns 11,991 shares in the company, valued at $3,465,279.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,000 shares of company stock worth $28,897,430. Company insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Klein Pavlis & Peasley Financial Inc. bought a new position in RH in the 4th quarter worth approximately $1,246,000. Moody National Bank Trust Division acquired a new position in shares of RH in the 4th quarter valued at $1,043,000. Xcel Wealth Management LLC grew its holdings in shares of RH by 6.9% in the 4th quarter. Xcel Wealth Management LLC now owns 95,373 shares of the company’s stock valued at $27,799,000 after buying an additional 6,165 shares during the period. Locust Wood Capital Advisers LLC boosted its stake in RH by 190.9% in the 4th quarter. Locust Wood Capital Advisers LLC now owns 87,408 shares of the company’s stock worth $25,478,000 after purchasing an additional 57,362 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in RH by 247.5% in the 4th quarter. First Eagle Investment Management LLC now owns 13,732 shares of the company’s stock worth $4,003,000 after purchasing an additional 9,780 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

About RH

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.