TD Cowen Cuts RH (NYSE:RH) Price Target to $190.00

RH (NYSE:RH) had its price objective reduced by TD Cowen from $220.00 to $190.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of RH from $110.00 to $130.00 and gave the stock a “hold” rating in a research report on Friday, June 12th. Morgan Stanley reduced their price objective on shares of RH from $240.00 to $210.00 and set an “overweight” rating for the company in a research note on Friday. KeyCorp reaffirmed a “sector weight” rating on shares of RH in a research report on Friday, June 12th. Bank of America reduced their price target on RH from $156.00 to $114.00 and set an “underperform” rating for the company in a research report on Friday. Finally, Telsey Advisory Group boosted their target price on shares of RH from $140.00 to $155.00 and gave the stock a “market perform” rating in a report on Friday. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $165.57.

RH Price Performance

RH opened at $133.91 on Friday. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 3.19 and a beta of 1.85. The company has a current ratio of 1.12, a quick ratio of 0.37 and a debt-to-equity ratio of 26.57. RH has a 12-month low of $106.30 and a 12-month high of $248.44. The business’s fifty day simple moving average is $166.32 and its 200-day simple moving average is $149.81.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, September 10th. The company reported $2.70 earnings per share for the quarter, beating the consensus estimate of $0.38 by $2.32. RH had a return on equity of 132.79% and a net margin of 3.23%.The firm had revenue of $922.15 million during the quarter, compared to the consensus estimate of $915.09 million. During the same period in the previous year, the company posted $2.93 earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities research analysts anticipate that RH will post 4.2 earnings per share for the current fiscal year.

Insider Activity at RH

In related news, Director Mark S. Demilio sold 2,445 shares of the business’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $168.44, for a total transaction of $411,835.80. Following the completion of the transaction, the director directly owned 25,680 shares in the company, valued at $4,325,539.20. The trade was a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Carlos Alberini purchased 11,388 shares of the business’s stock in a transaction on Monday, June 29th. The shares were bought at an average cost of $160.90 per share, for a total transaction of $1,832,329.20. Following the completion of the transaction, the director directly owned 32,190 shares in the company, valued at $5,179,371. This trade represents a 54.74% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 132,749 shares of company stock worth $21,856,812 over the last quarter. Insiders own 26.90% of the company’s stock.

Hedge Funds Weigh In On RH

Large investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC lifted its position in shares of RH by 7.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,800 shares of the company’s stock valued at $2,438,000 after buying an additional 967 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in RH by 63.8% during the second quarter. Engineers Gate Manager LP now owns 19,337 shares of the company’s stock valued at $3,185,000 after purchasing an additional 7,531 shares in the last quarter. Allworth Financial LP lifted its holdings in RH by 80.4% during the second quarter. Allworth Financial LP now owns 516 shares of the company’s stock valued at $85,000 after purchasing an additional 230 shares in the last quarter. Nykredit A S purchased a new stake in shares of RH during the second quarter worth about $123,000. Finally, Corient Private Wealth LP raised its position in shares of RH by 54.2% during the 2nd quarter. Corient Private Wealth LP now owns 2,835 shares of the company’s stock worth $467,000 after purchasing an additional 997 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Key RH News

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.