RH (NYSE:RH) Trading Up 6.5% After Analyst Upgrade

Shares of RH (NYSE:RH) were up 6.5% during mid-day trading on Thursday after Citigroup raised their price target on the stock from $200.00 to $233.00. Citigroup currently has a neutral rating on the stock. RH traded as high as $235.31 and last traded at $235.51. Approximately 604,713 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 1,289,033 shares. The stock had previously closed at $221.22.

Other equities research analysts have also recently issued reports about the company. Guggenheim reiterated a “buy” rating and issued a $300.00 price objective on shares of RH in a report on Wednesday, July 2nd. Robert W. Baird boosted their target price on RH from $215.00 to $230.00 and gave the stock a “neutral” rating in a report on Monday, June 16th. Wells Fargo & Company set a $275.00 target price on RH in a report on Friday, June 13th. Wall Street Zen upgraded RH from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, Zelman & Associates lowered their target price on RH from $305.00 to $251.00 and set an “outperform” rating on the stock in a report on Wednesday, July 9th. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, RH has a consensus rating of “Hold” and a consensus target price of $272.29.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in RH in the second quarter valued at approximately $26,000. AlphaQuest LLC purchased a new stake in RH in the first quarter valued at approximately $29,000. Farther Finance Advisors LLC raised its position in RH by 67.8% in the second quarter. Farther Finance Advisors LLC now owns 151 shares of the company’s stock valued at $29,000 after purchasing an additional 61 shares during the period. Sunbelt Securities Inc. raised its position in RH by 690.0% in the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock valued at $31,000 after purchasing an additional 69 shares during the period. Finally, UMB Bank n.a. raised its position in RH by 53.8% in the second quarter. UMB Bank n.a. now owns 180 shares of the company’s stock valued at $34,000 after purchasing an additional 63 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Stock Up 6.7%

The company has a market cap of $4.70 billion, a PE ratio of 59.76, a price-to-earnings-growth ratio of 0.68 and a beta of 2.15. The business has a 50-day simple moving average of $215.53 and a 200-day simple moving average of $213.51.

RH (NYSE:RH) last announced its earnings results on Thursday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.20. RH had a negative return on equity of 67.71% and a net margin of 2.57%.The company had revenue of $813.95 million for the quarter, compared to analyst estimates of $817.66 million. During the same quarter in the previous year, the company earned ($0.40) earnings per share. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. RH has set its Q2 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts predict that RH will post 4.39 EPS for the current fiscal year.

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.