Belling Keith, a director at RH (NYSE:RH), has recently sold 500 shares of the company's common stock. The shares were sold on December 17 at a price of $415 each, resulting in a total transaction value of $207,500. The sale comes amid a challenging week for RH, with the stock declining 13% to its current price of $388.02, though the luxury retailer has shown remarkable strength with a 78% gain over the past six months. Following this sale, Keith retains ownership of 5,470 shares in the company. This transaction was detailed in a Form 4 filing with the Securities and Exchange Commission. Currently trading at a P/E ratio of 101.6, InvestingPro analysis suggests RH is trading above its Fair Value. For deeper insights into RH's valuation and 12 additional key metrics, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Restoration Hardware has been the subject of several analyst updates. Telsey Advisory Group upgraded Restoration Hardware to an Outperform rating, influenced by stronger-than-anticipated demand trends and the company's potential for market share gains. They also raised their price target to $500 from $485. Restoration Hardware reported a total demand increase of 13% in the third quarter of 2024 and an 18% rise in November, with early data indicating further acceleration in December.
Loop Capital also adjusted its price target on Restoration Hardware, raising it to $450 from $320, while maintaining a Hold rating. They highlighted the company's strong third fiscal quarter performance and its substantial investments in merchandise transformation. Meanwhile, Stifel reiterated its Buy rating on Restoration Hardware, citing the shares as undervalued. They expressed confidence in the company's ability to grow and outperform, as indicated by recent demand trends and expected improvements in margins and cash flow.
Guggenheim maintained a bullish stance on Restoration Hardware, raising the stock's price target to $550 from $425 following the company's strong third-quarter performance. They anticipate the company's forthcoming product launches will drive peak demand levels over the next 12 to 24 months. Finally, TD Cowen showed confidence in Restoration Hardware as well, raising the stock's price target to $500 from the previous $380, citing strong quarter-to-date demand acceleration as a key factor for the optimistic outlook. These are some of the recent developments in the market analysis of Restoration Hardware.
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