Citigroup Forecasts Strong Price Appreciation for RH (NYSE:RH) Stock

Key Points

• Citigroup has raised its target price for RH stock from $200.00 to $233.00, indicating a potential upside of 6.05% based on the stock's current price.
• A total of ten analysts rate RH with a "Buy" rating, while four maintain a "Hold" and three issue a "Sell" rating, reflecting a mixed outlook on the stock.
• RH reported earnings of $0.13 per share, surpassing expectations of a loss, while its revenue reached $813.95 million, reflecting a year-over-year increase of 12.0%.

RH (NYSE:RH - Get Free Report) had its target price raised by equities research analysts at Citigroup from $200.00 to $233.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price objective would suggest a potential upside of 6.05% from the stock's current price.

Several other equities research analysts have also recently issued reports on the company. Guggenheim restated a "buy" rating and set a $300.00 price objective on shares of RH in a report on Wednesday, July 2nd. Robert W. Baird raised their price objective on RH from $215.00 to $230.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Zelman & Associates decreased their price objective on RH from $305.00 to $251.00 and set an "outperform" rating on the stock in a report on Wednesday, July 9th. Wells Fargo & Company set a $275.00 target price on RH in a report on Friday, June 13th. Finally, UBS Group reduced their target price on RH from $235.00 to $215.00 and set a "neutral" rating on the stock in a report on Thursday, June 5th. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $272.29.

RH Stock Down 0.9%

Shares of RH stock traded down $2.01 during mid-day trading on Wednesday, hitting $219.72. 232,892 shares of the company's stock were exchanged, compared to its average volume of 1,290,401. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The stock has a 50-day simple moving average of $212.80 and a two-hundred day simple moving average of $215.43. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 52.31, a PEG ratio of 0.65 and a beta of 2.15.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings data on Thursday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.20. RH had a negative return on equity of 67.71% and a net margin of 2.57%.The business had revenue of $813.95 million for the quarter, compared to analysts' expectations of $817.66 million. During the same quarter last year, the firm earned ($0.40) earnings per share. The business's revenue was up 12.0% on a year-over-year basis. RH has set its Q2 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts anticipate that RH will post 4.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RH. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of RH during the second quarter worth about $26,000. AlphaQuest LLC acquired a new position in shares of RH during the first quarter worth about $29,000. Farther Finance Advisors LLC lifted its stake in shares of RH by 67.8% during the second quarter. Farther Finance Advisors LLC now owns 151 shares of the company's stock worth $29,000 after purchasing an additional 61 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of RH by 690.0% during the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock worth $31,000 after acquiring an additional 69 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of RH by 53.8% in the second quarter. UMB Bank n.a. now owns 180 shares of the company's stock worth $34,000 after acquiring an additional 63 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company's stock.

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.

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