Telsey Advisory Group Upgrades RH (NYSE:RH) to “Outperform”

Telsey Advisory Group upgraded shares of RH (NYSE:RH) from a market perform rating to an outperform rating in a research report report published on Thursday, Marketbeat.com reports. The firm currently has $500.00 price target on the stock, up from their prior price target of $485.00. Telsey Advisory Group also issued estimates for RH’s Q3 2026 earnings at $4.50 EPS.

A number of other brokerages have also recently weighed in on RH. StockNews.com upgraded RH from a “sell” rating to a “hold” rating in a research note on Friday, December 13th. Citigroup boosted their target price on shares of RH from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Wells Fargo & Company raised their price target on shares of RH from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, December 13th. JPMorgan Chase & Co. cut 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. Finally, Robert W. Baird increased their target price on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $402.40.

RH Stock Performance

NYSE:RH opened at $398.26 on Thursday. The firm has a 50-day simple moving average of $355.73 and a 200-day simple moving average of $302.61. RH has a one year low of $212.43 and a one year high of $457.26. The firm has a market cap of $7.41 billion, a P/E ratio of 114.44, a P/E/G ratio of 2.73 and a beta of 2.44.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The business had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. RH had a negative return on equity of 32.76% and a net margin of 2.25%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned ($0.42) EPS. On average, research analysts predict that RH will post 5.63 EPS for the current fiscal year.

Insider Transactions at RH

In related news, Director Keith Belling sold 500 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the transaction, the director now owns 5,470 shares in the company, valued at approximately $2,270,050. This represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The disclosure for this sale can be found here. Insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James & Associates boosted its stake in shares of RH by 28.1% in the second quarter. Raymond James & Associates now owns 12,864 shares of the company’s stock worth $3,144,000 after buying an additional 2,820 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of RH by 16.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 712 shares of the company’s stock valued at $174,000 after purchasing an additional 100 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of RH by 24.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 227,247 shares of the company’s stock valued at $55,548,000 after purchasing an additional 44,278 shares during the period. Summit Securities Group LLC purchased a new stake in RH during the second quarter worth $196,000. Finally, Klein Pavlis & Peasley Financial Inc. boosted its holdings in RH by 4.9% during the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 4,059 shares of the company’s stock worth $992,000 after buying an additional 189 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Company Profile

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.