JPMorgan Chase & Co. Cuts RH (NYSE:RH) Price Target to $190.00

RH (NYSE:RH) had its target price reduced by JPMorgan Chase & Co. from $212.00 to $190.00 in a research note released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also recently issued reports on RH. Robert W. Baird cut their price objective on shares of RH from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday. Wells Fargo & Company lowered their price target on shares of RH from $225.00 to $175.00 and set an “overweight” rating for the company in a research note on Friday. TD Cowen cut their price target on shares of RH from $220.00 to $190.00 and set a “buy” rating for the company in a research report on Friday. Morgan Stanley reduced their price objective on RH from $240.00 to $210.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Stifel Nicolaus lifted their price objective on RH from $110.00 to $130.00 and gave the stock a “hold” rating in a report on Friday, June 12th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, RH presently has a consensus rating of “Hold” and an average price target of $165.57.

RH Price Performance

Shares of RH stock opened at $133.91 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.37 and a debt-to-equity ratio of 26.57. The firm has a market capitalization 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. The business’s 50-day moving average price is $166.32 and its 200-day moving average price is $149.81. RH has a 12 month low of $106.30 and a 12 month high of $248.44.

RH (NYSE:RH) last released its earnings results on Thursday, September 10th. The company reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $2.32. The company had revenue of $922.15 million during the quarter, compared to the consensus estimate of $915.09 million. RH had a return on equity of 132.79% and a net margin of 3.23%.RH’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.93 EPS. Sell-side analysts forecast that RH will post 4.2 EPS for the current fiscal year.

Insider Buying and Selling at RH

In other RH news, CEO Gary Friedman sold 48,238 shares of the stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $158.66, for a total transaction of $7,653,441.08. Following the completion of the sale, the chief executive officer owned 3,226,337 shares of the company’s stock, valued at $511,890,628.42. This represents a 1.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Carlos Alberini purchased 11,388 shares of the business’s stock in a transaction on Monday, June 29th. The stock was purchased at an average cost of $160.90 per share, for a total transaction of $1,832,329.20. Following the acquisition, the director owned 32,190 shares in the company, valued at approximately $5,179,371. The trade was a 54.74% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 132,749 shares of company stock valued at $21,856,812 in the last quarter. Company insiders own 26.90% of the company’s stock.

Hedge Funds Weigh In On RH

Several hedge funds have recently made changes to their positions in RH. California State Teachers Retirement System lifted its stake in RH by 16,138.1% in the second quarter. California State Teachers Retirement System now owns 2,835,168 shares of the company’s stock worth $467,037,000 after acquiring an additional 2,817,708 shares during the period. BlackRock Inc. boosted its holdings in 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 acquiring an additional 581,710 shares in the last quarter. Durable Capital Partners LP increased its position in RH by 125.1% during the 2nd quarter. Durable Capital Partners LP now owns 646,097 shares of the company’s stock valued at $122,119,000 after purchasing an additional 359,101 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in RH by 1,797.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 246,355 shares of the company’s stock worth $44,134,000 after purchasing an additional 233,373 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in RH by 66.1% in the 3rd 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 in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH News Roundup

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.