RH (NYSE:RH) PT Raised to $320.00

RH (NYSE:RH) had its target price upped by equities researchers at Loop Capital from $230.00 to $320.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “hold” rating on the stock. Loop Capital’s price target points to a potential downside of 0.42% from the stock’s previous close.

A number of other research firms have also issued reports on RH. Wells Fargo & Company upped their target price on RH from $325.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America increased their price objective on RH from $310.00 to $359.00 and gave the company a “buy” rating in a research note on Friday. Wedbush upped their target price on shares of RH from $250.00 to $310.00 and gave the company a “neutral” rating in a report on Friday. Robert W. Baird lifted their price target on shares of RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Citigroup upped their price objective on shares of RH from $340.00 to $355.00 and gave the company a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $324.62.

RH Stock Performance

RH opened at $321.36 on Monday. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 89.02, a PEG ratio of 1.13 and a beta of 2.42. RH has a one year low of $207.26 and a one year high of $354.86. The business’s fifty day moving average is $263.59 and its two-hundred day moving average is $266.33.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The firm had revenue of $829.66 million for the quarter, compared to analysts’ expectations of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 10.63%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $3.93 EPS. On average, analysts predict that RH will post 7.29 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Gary G. Friedman purchased 34,200 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was purchased at an average cost of $215.00 per share, for a total transaction of $7,353,000.00. Following the acquisition, the chief executive officer now owns 3,339,263 shares in the company, valued at $717,941,545. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 28.10% of the stock is owned by insiders.

Institutional Trading of RH

A number of hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC grew its holdings in RH by 0.4% during the 1st quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock valued at $2,986,000 after purchasing an additional 38 shares in the last quarter. Insight Advisors LLC PA boosted its position in RH by 2.8% in the 1st quarter. Insight Advisors LLC PA now owns 1,447 shares of the company’s stock valued at $504,000 after buying an additional 39 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of RH by 1.7% during the second quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock valued at $572,000 after acquiring an additional 40 shares in the last quarter. Tradition Wealth Management LLC increased its position in shares of RH by 14.8% during the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after acquiring an additional 45 shares during the last quarter. Finally, Texas Permanent School Fund Corp lifted its stake in shares of RH by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company’s stock worth $4,659,000 after acquiring an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.