JPMorgan Chase & Co. Cuts RH (NYSE:RH) Price Target to $212.00

RH (NYSE:RH) had its target price decreased by research analysts at JPMorgan Chase & Co. from $225.00 to $212.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 20.69% from the company’s current price.

RH has been the topic of a number of other research reports. Guggenheim reiterated a “buy” rating and set a $200.00 target price on shares of RH in a research report on Friday, June 12th. UBS Group reduced their price target on shares of RH from $160.00 to $155.00 and set a “neutral” rating for the company in a report on Tuesday, June 9th. The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and lifted their price target for the company from $86.00 to $155.00 in a research note on Wednesday, July 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of RH in a report on Friday, July 24th. Finally, Morgan Stanley reissued an “overweight” rating and set a $240.00 price objective on shares of RH in a research report on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, RH has an average rating of “Hold” and an average target price of $173.36.

RH Trading Down 3.4%

NYSE RH traded down $6.11 during trading hours on Monday, hitting $175.66. 121,700 shares of the company’s stock were exchanged, compared to its average volume of 1,056,929. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 33.93, a PEG ratio of 4.25 and a beta of 1.87. The stock has a 50-day simple moving average of $168.18 and a 200 day simple moving average of $157.44. The company has a current ratio of 1.13, a quick ratio of 0.32 and a debt-to-equity ratio of 54.96. RH has a 1-year low of $106.30 and a 1-year high of $257.00.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, June 11th. The company reported ($1.97) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.12) by $0.15. The firm had revenue of $800.33 million for the quarter, compared to analyst estimates of $792.55 million. RH had a return on equity of 423.79% and a net margin of 3.01%.The company’s revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 earnings per share. On average, equities analysts forecast that RH will post 4.27 EPS for the current fiscal year.

Insider Transactions at RH

In related news, Director Carlos Alberini purchased 11,388 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was acquired at an average price of $160.90 per share, for a total transaction of $1,832,329.20. Following the completion of the acquisition, the director owned 32,190 shares of the company’s stock, valued at $5,179,371. This represents a 54.74% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark S. Demilio sold 2,445 shares of the stock in a transaction on Friday, July 10th. The shares were sold at an average price of $168.44, for a total value of $411,835.80. Following the completion of the sale, the director directly owned 25,680 shares of the company’s stock, valued at $4,325,539.20. The trade was a 8.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 132,749 shares of company stock valued at $21,856,812 over the last ninety days. 26.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RH

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of RH by 41.7% in the second quarter. BlackRock Inc. now owns 1,978,271 shares of the company’s stock valued at $325,881,000 after purchasing an additional 581,710 shares during the last quarter. Senvest Management LLC boosted its holdings in RH by 30.1% during the fourth quarter. Senvest Management LLC now owns 842,577 shares of the company’s stock worth $150,948,000 after purchasing an additional 194,773 shares during the last quarter. Durable Capital Partners LP boosted its holdings in RH by 125.1% during the second quarter. Durable Capital Partners LP now owns 646,097 shares of the company’s stock worth $122,119,000 after purchasing an additional 359,101 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in RH by 66.1% during the third quarter. Alliancebernstein L.P. now owns 573,666 shares of the company’s stock worth $116,546,000 after purchasing an additional 228,229 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in RH by 40.9% in the 3rd quarter. Two Sigma Investments LP now owns 359,093 shares of the company’s stock worth $72,953,000 after purchasing an additional 104,154 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.

About RH

RH, formerly Restoration Hardware, is a design-driven luxury retailer specializing in high-end home furnishings, décor, textiles, lighting and outdoor living products. The company offers a curated collection of furniture pieces—including seating, casegoods, beds and dining items—alongside rugs, art and decorative accessories. RH’s product lines are organized into distinct collections, each reflecting a cohesive design philosophy and premium craftsmanship aimed at the residential and hospitality markets.

Founded in 1979 in Eureka, California, by Stephen Gordon, Restoration Hardware began as a small warehouse in Northern California.