Fintel reports that on May 30, 2023, Goldman Sachs maintained coverage of RH – (NYSE:RH) with a Sell recommendation.

Analyst Price Forecast Suggests 9.48% Upside

As of May 11, 2023, the average one-year price target for RH – is 275.54. The forecasts range from a low of 159.58 to a high of $346.50. The average price target represents an increase of 9.48% from its latest reported closing price of 251.67.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for RH – is 3,651MM, an increase of 1.69%. The projected annual non-GAAP EPS is 18.83.

What is the Fund Sentiment?

There are 830 funds or institutions reporting positions in RH -. This is an increase of 13 owner(s) or 1.59% in the last quarter. Average portfolio weight of all funds dedicated to RH is 0.34%, a decrease of 2.45%. Total shares owned by institutions decreased in the last three months by 13.08% to 20,770K shares. The put/call ratio of RH is 1.04, indicating a bearish outlook.

What are Other Shareholders Doing?

Lone Pine Capital holds 1,773K shares representing 8.04% ownership of the company. No change in the last quarter.

Atreides Management holds 699K shares representing 3.17% ownership of the company.

FBGRX – Fidelity Blue Chip Growth Fund holds 691K shares representing 3.14% ownership of the company. In it’s prior filing, the firm reported owning 686K shares, representing an increase of 0.85%. The firm increased its portfolio allocation in RH by 16.30% over the last quarter.

D1 Capital Partners holds 650K shares representing 2.95% ownership of the company. In it’s prior filing, the firm reported owning 1,771K shares, representing a decrease of 172.56%. The firm decreased its portfolio allocation in RH by 69.31% over the last quarter.

IJH – iShares Core S&P Mid-Cap ETF holds 576K shares representing 2.61% ownership of the company. In it’s prior filing, the firm reported owning 593K shares, representing a decrease of 2.97%. The firm decreased its portfolio allocation in RH by 15.27% 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.

Key filings for this company:

• UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

This article originally appeared on Fintel

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