Telsey Advisory Group Lowers RH (NYSE:RH) Price Target to $280.00

RH (NYSE:RH) had its price objective decreased by Telsey Advisory Group from $420.00 to $280.00 in a report issued on Thursday, Marketbeat Ratings reports. The brokerage presently has an “outperform” rating on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 92.61% from the stock’s current price. Telsey Advisory Group also issued estimates for RH’s Q1 2027 earnings at $0.35 EPS, Q1 2027 earnings at $0.35 EPS, Q2 2027 earnings at $4.51 EPS, Q2 2027 earnings at $4.51 EPS, Q3 2027 earnings at $5.27 EPS and Q4 2027 earnings at $3.76 EPS.

Other analysts also recently issued research reports about the stock. Morgan Stanley raised shares of RH from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $435.00 to $530.00 in a report on Monday, January 13th. Bank of America lowered their price target on RH from $510.00 to $410.00 and set a “buy” rating on the stock in a report on Wednesday, March 26th. StockNews.com cut RH from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. Stifel Nicolaus lowered their target price on RH from $500.00 to $450.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Finally, Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $293.81.

RH Trading Down 2.7 %

NYSE RH opened at $145.37 on Thursday. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 41.77, a PEG ratio of 2.65 and a beta of 2.44. The business’s 50 day moving average is $312.06 and its two-hundred day moving average is $348.23. RH has a 12-month low of $123.03 and a 12-month high of $457.26.

RH (NYSE:RH) last released its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.33). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business had revenue of $812.41 million during the quarter, compared to analysts’ expectations of $828.21 million. During the same quarter in the previous year, the company posted $0.72 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. Equities analysts forecast that RH will post 4.39 earnings per share for the current fiscal year.

Insider Activity

In other RH news, CAO Christina Hargarten sold 5,280 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following the sale, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at approximately $216,444.80. This trade represents a 91.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eri Chaya sold 10,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The disclosure for this sale can be found here. Insiders sold a total of 66,380 shares of company stock valued at $28,922,379 over the last 90 days. Insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

Several hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its holdings in RH by 0.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company’s stock valued at $1,524,000 after acquiring an additional 29 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of RH by 6.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company’s stock valued at $216,000 after purchasing an additional 31 shares in the last quarter. Insight Advisors LLC PA grew its holdings in shares of RH by 2.3% during the 4th quarter. Insight Advisors LLC PA now owns 1,449 shares of the company’s stock worth $571,000 after purchasing an additional 33 shares during the period. US Bancorp DE increased its position in RH by 14.6% during the 4th quarter. US Bancorp DE now owns 283 shares of the company’s stock worth $111,000 after purchasing an additional 36 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after buying an additional 39 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.