JPMorgan Chase & Co. Lowers RH (NYSE:RH) Price Target to $190.00

RH (NYSE:RH) had its price target cut by JPMorgan Chase & Co. from $212.00 to $190.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 38.85% from the company’s current price.

A number of other equities analysts have also issued reports on RH. The Goldman Sachs Group raised RH from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $86.00 to $155.00 in a report on Wednesday, July 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of RH in a research report on Friday, July 24th. Stifel Nicolaus raised their price target on RH from $110.00 to $130.00 and gave the company a “hold” rating in a report on Friday, June 12th. KeyCorp restated a “sector weight” rating on shares of RH in a research note on Friday, June 12th. Finally, Zacks Research raised shares of RH from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 16th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $166.64.

RH Stock Performance

RH stock traded up $2.82 during midday trading on Friday, reaching $136.84. 1,102,857 shares of the stock traded hands, compared to its average volume of 1,029,137. RH has a fifty-two week low of $106.30 and a fifty-two week high of $248.44. The company has a current ratio of 1.13, a quick ratio of 0.32 and a debt-to-equity ratio of 54.96. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 3.32 and a beta of 1.85. The firm has a fifty day moving average price of $167.02 and a two-hundred day moving average price of $150.20.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, September 10th. The company reported $2.70 EPS for the quarter, beating the consensus estimate of $0.38 by $2.32. The company had revenue of $922.15 million for the quarter, compared to analyst estimates of $915.09 million. RH had a net margin of 3.01% and a return on equity of 423.79%. RH’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.93 earnings per share. On average, equities research analysts forecast that RH will post 4.2 earnings per share for the current year.

Insider Activity

In other RH news, Director Carlos Alberini acquired 11,388 shares of RH stock in a transaction dated Monday, June 29th. The stock was bought at an average price of $160.90 per share, for a total transaction of $1,832,329.20. Following the transaction, the director owned 32,190 shares in the company, valued at approximately $5,179,371. This trade represents a 54.74% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary G. Friedman sold 48,238 shares of RH stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $158.66, for a total transaction of $7,653,441.08. Following the completion of the transaction, the chief executive officer directly owned 3,226,337 shares in the company, valued at $511,890,628.42. This represents a 1.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 132,749 shares of company stock worth $21,856,812 over the last 90 days. 26.90% of the stock is currently owned by company insiders.

Institutional Trading of RH

Large investors have recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd acquired a new stake in shares of RH during the 3rd quarter valued at $30,000. Wilmington Savings Fund Society FSB raised its position in shares of RH by 200.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 174 shares of the company’s stock worth $31,000 after purchasing an additional 116 shares during the period. Advisory Services Network LLC purchased a new stake in shares of RH during the third quarter valued at $31,000. Modus Advisors LLC purchased a new position in RH in the 4th quarter worth about $34,000. Finally, Geneos Wealth Management Inc. acquired a new stake in RH during the 1st quarter worth about $42,000. 90.17% of the stock is currently owned by institutional investors.

Key Headlines Impacting RH

Here are the key news stories impacting RH this week:

• Positive Sentiment: RH reported second-quarter EPS of $2.70, far above the roughly $0.38–$0.42 analyst consensus. Revenue rose 2.6% year over year to approximately $922 million, slightly above some estimates. The results helped drive a premarket rally. RH Stock Rallies After Mixed Q2 Print
• Positive Sentiment: Management projected fiscal 2026 revenue of $3.6 billion to $3.7 billion, above the approximately $3.5 billion consensus. Investors are also focused on RH Estates, which management believes could substantially expand the company’s addressable market and represent half of its offering within five years. RH Projects Fiscal 2026 Revenue Growth
• Positive Sentiment: Guggenheim reaffirmed its “buy” rating with a $200 price target, while TD Cowen maintained a “buy” rating despite lowering its target to $190. Both targets imply substantial upside from recent trading levels.
• Positive Sentiment: Telsey Advisory Group raised its price target to $155 from $140, although it retained a “market perform” rating, reflecting modest confidence in the recovery outlook.
• Neutral Sentiment: Robert W. Baird lowered its target to $160 from $165 and kept a “neutral” rating. William Blair analyst Phillip Blee also maintained a “hold” stance, indicating that the earnings beat has not fully resolved concerns about the business trajectory.
• Negative Sentiment: Analysts cautioned that tariff refunds materially supported the quarter’s profitability, potentially masking persistent margin pressure and weakness in underlying or core sales. Operating profit reportedly declined year over year despite higher gross profit. RH Tariff Benefits Mask Enduring Margin Pressure
• Negative Sentiment: Bank of America cut its price target sharply to $114 from $156 and assigned an “underperform” rating, citing downside risk. RH’s third-quarter revenue guidance of $928 million to $936.8 million is also below the roughly $964 million consensus, tempering the bullish reaction to the quarterly EPS beat.

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.