RH’s (RH) Outperform Rating Reiterated at Wedbush

Wedbush restated their outperform rating on shares of RH (NYSE:RH) in a research report released on Friday morning,RTT News reports. The firm currently has a $500.00 price objective on the stock, up from their previous price objective of $430.00. Wedbush also issued estimates for RH’s Q4 2026 earnings at $4.05 EPS.

Several other research firms have also recently commented on RH. Stifel Nicolaus reaffirmed a “buy” rating and set a $420.00 price objective (up from $375.00) on shares of RH in a research report on Monday, December 9th. JPMorgan Chase & Co. lowered their price objective on shares of RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Barclays cut their target price on shares of RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Citigroup lifted their price objective on RH from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, BNP Paribas reissued an “underperform” rating and issued a $253.00 target price on shares of RH in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $377.07.

RH Stock Performance

RH stock opened at $446.04 on Friday. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 128.17, a PEG ratio of 2.73 and a beta of 2.44. The firm has a 50 day moving average price of $347.81 and a 200-day moving average price of $297.88. RH has a 52-week low of $212.43 and a 52-week high of $457.26.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The firm had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 32.76%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.42) EPS. As a group, sell-side analysts forecast that RH will post 5.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other RH news, insider Stefan Duban sold 4,285 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the transaction, the insider now owns 78 shares of the company’s stock, valued at $27,016.86. This represents a 98.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,285 shares of company stock worth $2,871,935. Corporate insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

Several institutional investors have recently added to or reduced their stakes in the company. Anomaly Capital Management LP lifted its holdings in shares of RH by 503.6% in the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after acquiring an additional 291,368 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in RH by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after buying an additional 41,242 shares during the period. Allspring Global Investments Holdings LLC lifted its position in RH by 8.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock worth $82,206,000 after buying an additional 18,563 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in RH by 26.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after acquiring an additional 38,572 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of RH by 58.6% in the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after acquiring an additional 64,423 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

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.