Tue Sep 17 06:14:57 UTC 2024: ## RH Stock Sees Upgraded Earnings Estimates, Institutional Investor Interest Remains High

**New York, NY** – RH (NYSE:RH) received a boost in its Q2 2026 earnings per share estimates from Telsey Advisory Group. Analyst C. Fernandez now expects the company to post earnings of $3.26 per share, up from their previous estimate of $3.20.

Despite the positive outlook, Telsey Advisory Group maintains a “Market Perform” rating on the stock with a $290.00 price target. The consensus estimate for RH’s full-year earnings remains at $7.29 per share.

RH recently reported strong Q2 2024 earnings, exceeding analyst expectations with $1.69 EPS compared to the projected $1.56. Revenue also surpassed forecasts, reaching $829.66 million versus the expected $824.52 million.

The company’s performance has attracted significant institutional investor interest. Notable investors have recently increased their stakes in RH, including Janus Henderson Group PLC, Insight Advisors LLC PA, Pacer Advisors Inc., Tradition Wealth Management LLC, and Texas Permanent School Fund Corp.

Further demonstrating confidence in the company, CEO Gary G. Friedman purchased 34,200 shares of RH stock in June, totaling $7,353,000.

RH, a leading retailer in the home furnishings market, operates both online and physical stores, offering a wide range of products, including furniture, lighting, textiles, and more. Their presence extends across the United States, Canada, the United Kingdom, and Germany.

Despite the positive news, the stock opened at $329.99 on Monday, with a one-year low of $207.26 and a one-year high of $354.86. Investors will be closely watching RH’s future performance to see if the stock can sustain its upward trajectory.

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