Fintel reports that on September 8, 2023, Citigroup maintained coverage of RH - (NYSE:RH) with a Buy recommendation.
Analyst Price Forecast Suggests 5.30% Upside
As of August 31, 2023, the average one-year price target for RH - is 327.42. The forecasts range from a low of 177.76 to a high of $483.00. The average price target represents an increase of 5.30% from its latest reported closing price of 310.95.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for RH - is 3,651MM, an increase of 14.77%. The projected annual non-GAAP EPS is 18.83.
What is the Fund Sentiment?
There are 752 funds or institutions reporting positions in RH -. This is a decrease of 81 owner(s) or 9.72% in the last quarter. Average portfolio weight of all funds dedicated to RH is 0.36%, an increase of 7.56%. Total shares owned by institutions decreased in the last three months by 1.79% to 20,399K shares. 
The put/call ratio of RH is 1.07, indicating a bearish outlook.
What are Other Shareholders Doing?
Lone Pine Capital holds 1,773K shares representing 9.64% ownership of the company. No change in the last quarter.
Atreides Management holds 1,056K shares representing 5.74% ownership of the company. In it's prior filing, the firm reported owning 699K shares, representing an increase of 33.88%. The firm increased its portfolio allocation in RH by 71.68% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 716K shares representing 3.89% ownership of the company. In it's prior filing, the firm reported owning 691K shares, representing an increase of 3.38%. The firm decreased its portfolio allocation in RH by 18.74% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 542K shares representing 2.94% ownership of the company. In it's prior filing, the firm reported owning 576K shares, representing a decrease of 6.41%. The firm increased its portfolio allocation in RH by 21.82% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 518K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 534K shares, representing a decrease of 2.97%. The firm increased its portfolio allocation in RH by 21.25% 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.
Additional reading:
- Press Release dated September 7, 2023 announcing the release of second quarter 2023 results.
- RH second quarter 2023 financial results and shareholder letter dated September 7, 2023.
- RH ANNOUNCES PROPOSAL TO REIMAGINE AND RESTORE ONE OCEAN DRIVE, MIAMI BEACH
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