RH (NYSE:RH) Given New $280.00 Price Target at Telsey Advisory Group

RH (NYSE:RH) had its target price reduced by Telsey Advisory Group from $420.00 to $280.00 in a report released on Thursday morning, MarketBeat Ratings reports. They currently have an outperform rating on the stock. 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.

Several other research analysts have also recently commented on the stock. Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $383.00 to $515.00 in a report on Wednesday, January 8th. Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $435.00 to $530.00 in a research note on Monday, January 13th. Wells Fargo & Company lowered their target price on RH from $500.00 to $375.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. UBS Group reduced their price target on RH from $440.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Finally, Loop Capital boosted their price target on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $293.81.

RH Trading Down 2.7 %

RH opened at $145.37 on Thursday. RH has a 1-year low of $123.03 and a 1-year high of $457.26. The stock has a market capitalization of $2.70 billion, a PE ratio of 41.77, a PEG ratio of 2.65 and a beta of 2.44. The firm has a 50-day moving average price of $312.06 and a two-hundred day moving average price of $348.35.

RH (NYSE:RH) last announced its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). The company had revenue of $812.41 million for the quarter, compared to analyst estimates of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. On average, research analysts predict that RH will post 4.39 EPS for the current year.

Insider Buying and Selling

In related news, Director Keith Belling sold 500 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $417.85, for a total transaction of $208,925.00. Following the completion of the sale, the director now directly owns 4,970 shares in the company, valued at approximately $2,076,714.50. The trade was a 9.14 % 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, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total value of $11,261,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 66,380 shares of company stock worth $28,922,379 in the last quarter. Corporate insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

Several institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. increased its holdings in RH by 1,960.8% during the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock worth $143,148,000 after purchasing an additional 346,050 shares during the period. Norges Bank purchased a new position in shares of RH during the fourth quarter valued at $54,314,000. Raymond James Financial Inc. bought a new stake in shares of RH in the fourth quarter valued at about $52,190,000. Freestone Grove Partners LP purchased a new stake in RH in the fourth quarter worth about $44,744,000. Finally, American Century Companies Inc. lifted its stake in RH by 2,227.7% in the fourth quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock worth $41,603,000 after acquiring an additional 101,160 shares during the period. 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 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.