Guggenheim Reiterates "Buy" Rating for RH (NYSE:RH)

Key Points

• Guggenheim has reaffirmed a "Buy" rating for RH, setting a target price of $300.00, indicating a potential upside of 31.61% from its current price.
• Recent earnings showed RH's EPS of $2.93, below the consensus estimate of $3.22, with revenue of $899.15 million compared to the expected $906.58 million.
• RH currently has an average rating of "Hold" from analysts, with a mix of ratings including nine buy, five hold, and three sell recommendations.

RH (NYSE:RH - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Guggenheim in a research note issued to investors on Friday,Benzinga reports. They presently have a $300.00 target price on the stock. Guggenheim's price objective would suggest a potential upside of 31.61% from the stock's current price.

A number of other brokerages have also recently issued reports on RH. Citigroup lifted their target price on shares of RH from $200.00 to $233.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. The Goldman Sachs Group downgraded shares of RH from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $199.00 to $179.00 in a report on Tuesday, June 24th. Telsey Advisory Group downgraded shares of RH from an "outperform" rating to a "market perform" rating and set a $220.00 price target for the company. in a report on Friday. Robert W. Baird boosted their target price on shares of RH from $215.00 to $230.00 and gave the company a "neutral" rating in a report on Monday, June 16th. Finally, UBS Group lowered their target price on shares of RH from $235.00 to $215.00 and set a "neutral" rating for the company in a report on Thursday, June 5th. Nine analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, RH presently has an average rating of "Hold" and an average price target of $268.41.

RH Trading Down 0.4%

Shares of RH stock opened at $227.94 on Friday. The company has a fifty day simple moving average of $218.13 and a 200-day simple moving average of $210.04. RH has a 12-month low of $123.03 and a 12-month high of $457.26. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 54.27, a PEG ratio of 0.66 and a beta of 2.15.

RH (NYSE:RH - Get Free Report) last issued its earnings results on Thursday, September 11th. The company reported $2.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.22 by ($0.29). RH had a net margin of 2.57% and a negative return on equity of 67.71%. The company had revenue of $899.15 million during the quarter, compared to analyst estimates of $906.58 million. During the same quarter in the previous year, the company posted $1.69 EPS. The company's quarterly revenue was up 8.4% on a year-over-year basis. RH has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts forecast that RH will post 4.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On RH

Several institutional investors have recently bought and sold shares of RH. Cetera Investment Advisers lifted its holdings in RH by 81.7% in the 4th quarter. Cetera Investment Advisers now owns 3,856 shares of the company's stock valued at $1,518,000 after acquiring an additional 1,734 shares during the last quarter. Deutsche Bank AG lifted its holdings in RH by 607.9% in the 4th quarter. Deutsche Bank AG now owns 9,464 shares of the company's stock valued at $3,725,000 after acquiring an additional 8,127 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in RH in the 4th quarter valued at about $205,000. NorthRock Partners LLC purchased a new stake in RH during the fourth quarter valued at about $727,000. Finally, Nomura Holdings Inc. purchased a new stake in RH during the fourth quarter valued at about $782,000. Institutional investors and hedge funds own 90.17% of the company's stock.

RH Company Profile

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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