Stifel Nicolaus Cuts RH (NYSE:RH) Price Target to $120.00

RH (NYSE:RH) had its price target lowered by Stifel Nicolaus from $130.00 to $120.00 in a research report sent to investors on Monday, Marketbeat.com reports. The brokerage currently has a hold rating on the stock.

A number of other research firms have also recently commented on RH. BNP Paribas Exane reissued an “underperform” rating and issued a $81.00 price target (down from $90.00) on shares of RH in a report on Friday, September 11th. Weiss Ratings raised shares of RH from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, September 11th. Morgan Stanley reduced their price objective on shares of RH from $240.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, September 11th. Robert W. Baird lowered their target price on shares of RH from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, September 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of RH from $212.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, September 11th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $164.86.

RH Price Performance

Shares of NYSE:RH opened at $121.85 on Monday. The company has a market capitalization of $2.31 billion, a P/E ratio of 21.68, a P/E/G ratio of 2.31 and a beta of 1.85. RH has a 1-year low of $106.30 and a 1-year high of $239.40. The firm’s 50 day simple moving average is $153.55 and its two-hundred day simple moving average is $146.97. The company has a debt-to-equity ratio of 26.57, a current ratio of 1.12 and a quick ratio of 0.37.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, September 10th. The company reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $2.32. RH had a net margin of 3.23% and a return on equity of 132.79%. The firm had revenue of $922.15 million during the quarter, compared to analysts’ expectations of $915.09 million. During the same period in the prior year, the company posted $2.93 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Research analysts expect that RH will post 5.3 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Mark S. Demilio sold 2,445 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $168.44, for a total transaction of $411,835.80. Following the sale, the director directly owned 25,680 shares of the company’s stock, valued at $4,325,539.20. This represents a 8.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary G. Friedman sold 69,069 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $169.48, for a total value of $11,705,814.12. Following the transaction, the chief executive officer owned 3,282,268 shares of the company’s stock, valued at $556,278,780.64. This represents a 2.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 128,445 shares of company stock valued at $21,211,824. 26.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On RH

Large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in RH by 41.7% during the second quarter. BlackRock Inc. now owns 1,978,271 shares of the company’s stock valued at $325,881,000 after purchasing an additional 581,710 shares during the last quarter. Alyeska Investment Group L.P. raised its position in shares of RH by 4.4% during the 2nd quarter. Alyeska Investment Group L.P. now owns 1,708,997 shares of the company’s stock valued at $281,523,000 after buying an additional 72,674 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of RH by 33.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 316,111 shares of the company’s stock valued at $44,193,000 after acquiring an additional 78,782 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of RH by 23.5% in the 1st quarter. Bank of New York Mellon Corp now owns 259,969 shares of the company’s stock valued at $36,349,000 after acquiring an additional 49,384 shares during the last quarter. Finally, Bank of America Corp DE grew its position in RH by 166.5% in the first quarter. Bank of America Corp DE now owns 238,681 shares of the company’s stock worth $33,372,000 after acquiring an additional 149,127 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

Key Stories Impacting RH

Here are the key news stories impacting RH this week:

• Neutral Sentiment: The listed updates concern unrelated companies, including Arhaus, AEHR Test Systems, and several international issuers, so they are unlikely to directly affect RH’s valuation.
• Neutral Sentiment: RH’s most recent reported quarter showed a meaningful earnings beat and revenue slightly above expectations, although revenue growth was modest and earnings were below the prior-year period. This provides a mixed fundamental backdrop rather than a fresh trading catalyst.
• Negative Sentiment: With no new positive company-specific developments in the supplied news, the decline may reflect broader market sentiment, profit-taking, or technical pressure. The shares were trading below their 50-day and 200-day moving averages, which can signal weakened momentum.

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.