RH (NYSE:RH) PT Raised to $310.00

RH (NYSE:RH) had its price target hoisted by Morgan Stanley from $300.00 to $310.00 in a report released on Friday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Other analysts have also issued research reports about the stock. Wedbush decreased their target price on shares of RH from $320.00 to $250.00 and set a neutral rating on the stock in a report on Friday, June 14th. Robert W. Baird lowered their price objective on RH from $300.00 to $275.00 and set a neutral rating on the stock in a research report on Friday, June 14th. Stifel Nicolaus assumed coverage on RH in a research report on Tuesday, July 9th. They set a buy rating and a $315.00 target price for the company. Telsey Advisory Group reiterated a market perform rating and set a $290.00 target price on shares of RH in a research report on Tuesday, September 10th. Finally, Loop Capital cut their price objective on RH from $350.00 to $230.00 and set a hold rating for the company in a report on Monday, June 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, RH presently has a consensus rating of Hold and a consensus target price of $322.54.

RH Price Performance

NYSE:RH opened at $329.99 on Friday. The company has a market cap of $6.09 billion, a P/E ratio of 91.41, a P/E/G ratio of 1.13 and a beta of 2.42. RH has a 1 year low of $207.26 and a 1 year high of $354.86. The stock’s fifty day moving average price is $265.34 and its two-hundred day moving average price is $266.73.

RH (NYSE:RH) last issued its earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.56 by $0.13. RH had a negative return on equity of 10.63% and a net margin of 1.13%. The business had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. During the same quarter last year, the company earned $3.93 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. On average, analysts expect that RH will post 7.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gary G. Friedman purchased 34,200 shares of RH stock in a transaction that occurred on Tuesday, June 25th. The shares were bought at an average cost of $215.00 per share, with a total value of $7,353,000.00. Following the completion of the purchase, the chief executive officer now directly owns 3,339,263 shares in the company, valued at $717,941,545. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

Several hedge funds have recently bought and sold shares of the business. Creekmur Asset Management LLC purchased a new position in shares of RH during the fourth quarter valued at approximately $25,000. Quest Partners LLC bought a new position in shares of RH during the fourth quarter valued at $37,000. Hollencrest Capital Management bought a new position in RH in the 1st quarter worth about $47,000. Ridgewood Investments LLC bought a new stake in RH during the 2nd quarter valued at about $62,000. Finally, Tradition Wealth Management LLC raised its holdings in RH by 14.8% in the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after buying an additional 45 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

About RH

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.