RH (NYSE:RH) PT Lowered to $320.00 at Barclays

RH (NYSE:RH) had its price objective decreased by Barclays from $340.00 to $320.00 in a research report released on Monday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

RH has been the subject of several other reports. Bank of America increased their price objective on RH from $310.00 to $359.00 and gave the stock a buy rating in a research note on Friday, September 13th. Morgan Stanley lifted their price objective on RH from $300.00 to $310.00 and gave the stock an equal weight rating in a research report on Friday, September 13th. Loop Capital upped their target price on shares of RH from $230.00 to $320.00 and gave the company a hold rating in a research report on Monday. Robert W. Baird upped their price objective on shares of RH from $275.00 to $290.00 and gave the company a neutral rating in a research report on Friday, September 13th. Finally, Citigroup raised their price objective on shares of RH from $340.00 to $355.00 and gave the stock a buy rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $322.54.

RH Stock Up 4.3 %

RH stock opened at $348.92 on Monday. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 96.65, a PEG ratio of 1.70 and a beta of 2.42. The company has a 50 day moving average of $270.63 and a two-hundred day moving average of $268.14. RH has a 12-month low of $207.26 and a 12-month high of $354.86.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. During the same period in the prior year, the company earned $3.93 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, research analysts anticipate that RH will post 6.2 EPS for the current year.

Insider Buying and Selling

In other news, CEO Gary G. Friedman acquired 34,200 shares of the stock in a transaction on Tuesday, June 25th. The shares were purchased at an average price of $215.00 per share, for a total transaction of $7,353,000.00. Following the transaction, the chief executive officer now directly owns 3,339,263 shares of the company’s stock, valued at $717,941,545. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 28.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RH

A number of hedge funds have recently added to or reduced their stakes in the stock. Creekmur Asset Management LLC acquired a new stake in shares of RH in the 4th quarter valued at $25,000. Quest Partners LLC acquired a new stake in RH in the fourth quarter valued at about $37,000. Hollencrest Capital Management acquired a new stake in RH in the first quarter valued at about $47,000. Ridgewood Investments LLC bought a new position in RH in the second quarter valued at about $62,000. Finally, Tradition Wealth Management LLC raised its stake in 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 in the last quarter. 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.