JPMorgan Chase & Co. Has Lowered Expectations for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its target price dropped by equities researchers at JPMorgan Chase & Co. from $225.00 to $212.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 20.69% from the company’s previous close.

A number of other equities research analysts have also recently commented on RH. Robert W. Baird lifted their target price on RH from $125.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, June 12th. Citigroup increased 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. Guggenheim restated a “buy” rating and set a $200.00 price objective on shares of RH in a report on Friday, June 12th. KeyCorp reaffirmed a “sector weight” rating on shares of RH in a research report on Friday, June 12th. Finally, UBS Group dropped their target price on shares of RH from $160.00 to $155.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 9th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $173.36.

RH Stock Performance

RH stock traded down $6.11 during mid-day trading on Monday, reaching $175.66. 121,700 shares of the company’s stock were exchanged, compared to its average volume of 1,056,929. The business’s fifty day simple moving average is $168.18 and its 200 day simple moving average is $157.44. The firm has a market capitalization of $3.32 billion, a PE ratio of 33.93, a P/E/G ratio of 4.25 and a beta of 1.87. RH has a one year low of $106.30 and a one year high of $257.00. The company has a quick ratio of 0.32, a current ratio of 1.13 and a debt-to-equity ratio of 54.96.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, June 11th. The company reported ($1.97) earnings per share for the quarter, topping the consensus estimate of ($2.12) by $0.15. The business had revenue of $800.33 million for the quarter, compared to analysts’ expectations of $792.55 million. RH had a return on equity of 423.79% and a net margin of 3.01%.The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. On average, sell-side analysts expect that RH will post 4.27 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Mark S. Demilio sold 3,102 shares of RH stock in a transaction that occurred 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 transaction, the director directly owned 25,830 shares in the company, valued at approximately $3,719,520. The trade was a 10.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary G. Friedman sold 69,069 shares of the business’s stock in a transaction on 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 sale, the chief executive officer directly owned 3,282,268 shares in the company, valued at $556,278,780.64. The trade was a 2.06% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 132,749 shares of company stock valued at $21,856,812. Company insiders own 26.90% of the company’s stock.

Hedge Funds Weigh In On RH

Hedge funds have recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd bought a new stake in shares of RH during the 3rd quarter valued at $30,000. Wilmington Savings Fund Society FSB boosted its stake in RH by 200.0% in the 4th 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 bought a new position in RH in the 3rd quarter worth about $31,000. Modus Advisors LLC bought a new position in RH in the 4th quarter worth about $34,000. Finally, Geneos Wealth Management Inc. purchased a new position in RH during the 1st quarter valued at about $42,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

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.