TD Cowen Forecasts Strong Price Appreciation for RH (NYSE:RH) Stock

Key Points

• TD Cowen has raised its target price for RH (NYSE:RH) from $235.00 to $265.00, suggesting an 18% potential upside from its current price.
• Despite this optimistic outlook from TD Cowen, other analysts have given mixed ratings, with Telsey Advisory Group downgrading RH to a "market perform" rating and setting a target of $220.00.
• RH reported $2.93 earnings per share for the quarter, missing the consensus estimate, with revenue of $899.15 million, reflecting an 8.4% increase year-over-year.

RH (NYSE:RH - Get Free Report) had its target price upped by research analysts at TD Cowen from $235.00 to $265.00 in a report released on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. TD Cowen's price target indicates a potential upside of 18.00% from the stock's current price.

Other equities analysts also recently issued research reports about the stock. 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 research note on Friday. Zelman & Associates decreased their price objective on shares of RH from $305.00 to $251.00 and set an "outperform" rating for the company in a research report on Wednesday, July 9th. Robert W. Baird lifted their price objective on shares of RH from $215.00 to $230.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Barclays decreased their price objective on shares of RH from $436.00 to $385.00 and set an "overweight" rating for the company in a research report on Friday. Finally, Wall Street Zen raised shares of RH from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $263.41.

RH Stock Performance

Shares of NYSE RH traded down $3.54 during midday trading on Friday, reaching $224.58. 1,352,052 shares of the stock were exchanged, compared to its average volume of 1,296,940. The company has a 50 day simple moving average of $218.13 and a 200 day simple moving average of $210.04. The stock has a market capitalization of $4.21 billion, a P/E ratio of 53.45, a PEG ratio of 0.66 and a beta of 2.15. RH has a twelve month low of $123.03 and a twelve month high of $457.26.

RH (NYSE:RH - Get Free Report) last posted its earnings results on Thursday, September 11th. The company reported $2.93 earnings per share 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 last year, the business posted $1.69 EPS. The firm's revenue for the quarter 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, research analysts expect that RH will post 4.39 earnings per share for the current year.

Institutional Investors Weigh In On RH

Institutional investors and hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. raised its holdings in shares of RH by 690.0% in the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock valued at $31,000 after buying an additional 69 shares during the last quarter. AlphaQuest LLC purchased a new stake in shares of RH in the first quarter valued at about $29,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of RH in the second quarter valued at about $26,000. Farther Finance Advisors LLC raised its holdings in shares of RH by 67.8% in the second quarter. Farther Finance Advisors LLC now owns 151 shares of the company's stock valued at $29,000 after buying an additional 61 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of RH by 53.8% in the second quarter. UMB Bank n.a. now owns 180 shares of the company's stock valued at $34,000 after buying an additional 63 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

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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