Bank of America Cuts RH (NYSE:RH) Price Target to $114.00

RH (NYSE:RH) had its price target trimmed by Bank of America from $156.00 to $114.00 in a report released on Friday morning,Benzinga reports. The firm currently has an underperform rating on the stock.

Several other equities research analysts have also recently commented on RH. Zacks Research upgraded shares of RH from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of RH in a report on Friday, July 24th. Wells Fargo & Company reduced their target price on shares of RH from $225.00 to $175.00 and set an “overweight” rating for the company in a research note on Friday. Robert W. Baird decreased their price target on shares of RH from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Guggenheim reaffirmed a “buy” rating and issued a $200.00 target price on shares of RH in a research report on Friday. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued 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 $165.57.

RH Price Performance

NYSE:RH opened at $133.91 on Friday. RH has a 12 month low of $106.30 and a 12 month high of $248.44. The company’s 50-day moving average price is $166.32 and its two-hundred day moving average price is $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. The firm has a market cap 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 announced its earnings results on Thursday, September 10th. The company reported $2.70 EPS for the quarter, topping the consensus estimate of $0.38 by $2.32. The company had revenue of $922.15 million for the quarter, compared to analysts’ expectations of $915.09 million. RH had a return on equity of 132.79% and a net margin of 3.23%.The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.93 earnings per share. On average, equities analysts anticipate that RH will post 4.2 EPS for the current fiscal year.

Insider Buying and Selling

In other RH news, Director Mark Demilio sold 3,102 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $144.00, for a total transaction of $446,688.00. Following the sale, the director owned 25,830 shares of the company’s stock, valued at approximately $3,719,520. The trade was a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary Friedman sold 69,069 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $169.48, for a total value of $11,705,814.12. Following the completion of the transaction, the chief executive officer directly owned 3,282,268 shares of the company’s stock, valued at approximately $556,278,780.64. The trade was a 2.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 132,749 shares of company stock worth $21,856,812 in the last three months. 26.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RH

Several institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its position in shares of RH by 16,138.1% during the 2nd quarter. California State Teachers Retirement System now owns 2,835,168 shares of the company’s stock worth $467,037,000 after purchasing an additional 2,817,708 shares in the last quarter. BlackRock Inc. raised 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 buying an additional 581,710 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in RH by 4.4% in the 2nd quarter. Alyeska Investment Group L.P. now owns 1,708,997 shares of the company’s stock valued at $281,523,000 after buying an additional 72,674 shares during the last quarter. Senvest Management LLC increased its position in shares of RH by 30.1% during the fourth quarter. Senvest Management LLC now owns 842,577 shares of the company’s stock valued at $150,948,000 after acquiring an additional 194,773 shares during the last quarter. Finally, Durable Capital Partners LP grew its position in 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 period. 90.17% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting RH

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.