Fintel reports that on December 19, 2024, Telsey Advisory Group upgraded their outlook for RH (NYSE:RH) from Market Perform to Outperform.
Analyst Price Forecast Suggests 12.54% Downside
As of December 3, 2024, the average one-year price target for RH is $339.01/share. The forecasts range from a low of $231.29 to a high of $451.50. The average price target represents a decrease of 12.54% from its latest reported closing price of $387.60 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for RH is 3,870MM, an increase of 24.57%. The projected annual non-GAAP EPS is 21.60.
What is the Fund Sentiment?
There are 800 funds or institutions reporting positions in RH. This is an increase of 27 owner(s) or 3.49% in the last quarter. Average portfolio weight of all funds dedicated to RH is 0.19%, an increase of 0.90%. Total shares owned by institutions increased in the last three months by 1.62% to 18,139K shares. 
The put/call ratio of RH is 1.22, indicating a bearish outlook.
What are Other Shareholders Doing?
FBGRX - Fidelity Blue Chip Growth Fund holds 1,022K shares representing 5.49% ownership of the company. In its prior filing, the firm reported owning 1,017K shares , representing an increase of 0.47%. The firm increased its portfolio allocation in RH by 5.75% over the last quarter.
Price T Rowe Associates holds 877K shares representing 4.71% ownership of the company. In its prior filing, the firm reported owning 677K shares , representing an increase of 22.78%. The firm increased its portfolio allocation in RH by 70.47% over the last quarter.
Durable Capital Partners holds 667K shares representing 3.59% ownership of the company. In its prior filing, the firm reported owning 885K shares , representing a decrease of 32.70%. The firm decreased its portfolio allocation in RH by 8.11% over the last quarter.
D. E. Shaw holds 629K shares representing 3.38% ownership of the company. In its prior filing, the firm reported owning 104K shares , representing an increase of 83.50%. The firm increased its portfolio allocation in RH by 661.14% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 467K shares representing 2.51% ownership of the company. In its prior filing, the firm reported owning 479K shares , representing a decrease of 2.62%. The firm increased its portfolio allocation in RH by 21.77% over the last quarter.
RH Background Information
(This description is provided by the company.)
RH is a curator of design, taste and style in the luxury lifestyle market. The Company offers its collections through its retail galleries across North America, the Company’s multiple Source Books, and online at RH.com, RHModern.com, RHBabyandChild.com, RHTeen.com and Waterworks.com.
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This story originally appeared on Fintel.
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