JPMorgan Chase & Co. Cuts RH (NYSE:RH) Price Target to $212.00

RH (NYSE:RH) had its target price trimmed by JPMorgan Chase & Co. from $225.00 to $212.00 in a report published on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

RH has been the subject of several other reports. Robert W. Baird increased their price objective on shares of RH from $125.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, June 12th. Zacks Research upgraded shares of RH from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 16th. Citigroup upped their price target on shares of RH from $150.00 to $166.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. Morgan Stanley reiterated an “overweight” rating and set a $240.00 price target on shares of RH in a report on Monday, May 11th. Finally, Guggenheim reissued a “buy” rating and issued a $200.00 price objective on shares of RH in a research report on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $173.36.

RH Price Performance

Shares of RH opened at $169.54 on Monday. The business has a 50-day moving average of $169.57 and a 200-day moving average of $156.72. The company has a debt-to-equity ratio of 54.96, a current ratio of 1.13 and a quick ratio of 0.32. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 32.73, a price-to-earnings-growth ratio of 4.00 and a beta of 1.87. RH has a 1 year low of $106.30 and a 1 year high of $257.00.

RH (NYSE:RH) last released its earnings results on Thursday, June 11th. The company reported ($1.97) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.12) by $0.15. RH had a net margin of 3.01% and a return on equity of 423.79%. The business had revenue of $800.33 million during the quarter, compared to the consensus estimate of $792.55 million. During the same quarter in the prior year, the firm posted $0.13 EPS. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, equities research analysts anticipate that RH will post 4.27 earnings per share for the current year.

Insider Buying and Selling

In other RH news, Director Mark S. Demilio sold 3,102 shares of RH stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $144.00, for a total value of $446,688.00. Following the completion of the sale, the director directly owned 25,830 shares of the company’s stock, valued at approximately $3,719,520. The trade was a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary G. Friedman sold 69,069 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $169.48, for a total transaction of $11,705,814.12. Following the transaction, the chief executive officer owned 3,282,268 shares in the company, valued at $556,278,780.64. This represents a 2.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 132,749 shares of company stock valued at $21,856,812 over the last ninety days. 26.90% of the stock is owned by corporate insiders.

Institutional Trading of RH

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RH. BlackRock Inc. boosted its holdings in RH by 41.7% in the second quarter. BlackRock Inc. now owns 1,978,271 shares of the company’s stock worth $325,881,000 after acquiring an additional 581,710 shares in the last quarter. Senvest Management LLC grew its stake in RH by 30.1% in the fourth quarter. Senvest Management LLC now owns 842,577 shares of the company’s stock valued at $150,948,000 after acquiring an additional 194,773 shares during the period. Durable Capital Partners LP increased its holdings in shares of RH by 125.1% during the second quarter. Durable Capital Partners LP now owns 646,097 shares of the company’s stock valued at $122,119,000 after acquiring an additional 359,101 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of RH by 66.1% during the third quarter. Alliancebernstein L.P. now owns 573,666 shares of the company’s stock valued at $116,546,000 after acquiring an additional 228,229 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of RH by 40.9% during the third quarter. Two Sigma Investments LP now owns 359,093 shares of the company’s stock worth $72,953,000 after purchasing an additional 104,154 shares during the period. 90.17% of the stock is owned by institutional investors.

More RH News

Here are the key news stories impacting RH this week:

• Negative Sentiment: JPMorgan issued a pessimistic forecast for RH. The bank’s cautious view is likely weighing on the stock, particularly given RH’s elevated valuation and sensitivity to consumer spending and housing-related demand. JPMorgan Chase & Co. Issues Pessimistic Forecast for RH Stock Price
• Negative Sentiment: RH underperformed the broader market in the latest session. The decline reflects continued investor caution after the company’s recent earnings showed revenue down 1.7% year over year, despite the company exceeding quarterly revenue and adjusted EPS expectations. RH Sees a More Significant Dip Than Broader Market

About RH

RH, formerly Restoration Hardware, is a design-driven luxury retailer specializing in high-end home furnishings, décor, textiles, lighting and outdoor living products. The company offers a curated collection of furniture pieces—including seating, casegoods, beds and dining items—alongside rugs, art and decorative accessories. RH’s product lines are organized into distinct collections, each reflecting a cohesive design philosophy and premium craftsmanship aimed at the residential and hospitality markets.

Founded in 1979 in Eureka, California, by Stephen Gordon, Restoration Hardware began as a small warehouse in Northern California.