RH’s (RH) “Outperform” Rating Reaffirmed at Wedbush

Wedbush restated their outperform rating on shares of RH (NYSE:RH) in a research note published on Friday,RTT News reports. The brokerage currently has a $500.00 price objective on the stock, up from their prior 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 weighed in on RH. Telsey Advisory Group increased their target price on shares of RH from $290.00 to $330.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. Barclays decreased their price objective on RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Stifel Nicolaus restated a “buy” rating and issued a $420.00 target price (up from $375.00) on shares of RH in a research note on Monday, December 9th. Bank of America raised their target price on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, Wells Fargo & Company boosted 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $377.07.

RH Price Performance

RH stock opened at $445.92 on Friday. The firm has a fifty day moving average price of $345.55 and a two-hundred day moving average price of $296.23. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of 262.31, a P/E/G ratio of 2.44 and a beta of 2.44. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.19). The company had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.42) EPS. As a group, sell-side analysts expect that RH will post 5.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Stefan Duban sold 4,285 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following 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 SEC, which is available through this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the sale, the director now directly owns 10,914 shares of the company’s stock, valued at approximately $3,714,034.20. This trade represents a 15.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,285 shares of company stock valued at $2,871,935. Insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

Hedge funds have recently bought and sold shares of the company. Texas Permanent School Fund Corp increased its holdings in RH by 25.3% during the 2nd quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock worth $4,098,000 after purchasing an additional 3,387 shares in the last quarter. Lisanti Capital Growth LLC bought a new position in shares of RH during the third quarter worth about $3,251,000. Virtu Financial LLC acquired a new stake in RH in the 3rd quarter valued at approximately $4,268,000. Invst LLC bought a new stake in RH in the 3rd quarter valued at approximately $752,000. Finally, Cerity Partners LLC boosted its position in RH by 139.7% during the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock worth $864,000 after acquiring an additional 1,506 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.