JPMorgan Chase & Co. Increases RH (NYSE:RH) Price Target to $345.00

RH (NYSE:RH) had its target price boosted by analysts at JPMorgan Chase & Co. from $329.00 to $345.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 16.12% from the company’s previous close.

A number of other research firms have also weighed in on RH. Wedbush reiterated a “neutral” rating and issued a $275.00 price objective on shares of RH in a research report on Friday, March 22nd. Telsey Advisory Group reissued a “market perform” rating and issued a $285.00 target price on shares of RH in a research note on Tuesday. Morgan Stanley cut their target price on shares of RH from $340.00 to $290.00 and set an “equal weight” rating for the company in a research note on Friday, December 8th. Barclays lifted their price target on RH from $256.00 to $293.00 and gave the company an “equal weight” rating in a report on Friday, December 8th. Finally, Bank of America decreased their target price on RH from $345.00 to $309.00 and set a “buy” rating for the company in a report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $316.71.

RH Stock Up 3.8 %

Shares of NYSE:RH opened at $297.10 on Thursday. The firm’s 50 day moving average price is $271.63 and its 200 day moving average price is $268.34. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 32.26, a price-to-earnings-growth ratio of 2.85 and a beta of 2.43. RH has a fifty-two week low of $207.26 and a fifty-two week high of $406.38.

Insiders Place Their Bets

In other news, insider Edward T. Lee sold 2,624 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $264.50, for a total transaction of $694,048.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 23.90% of the company’s stock.

Institutional Investors Weigh In On RH

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creekmur Asset Management LLC bought a new stake in shares of RH in the fourth quarter worth about $25,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of RH in the third quarter worth about $30,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of RH in the fourth quarter worth about $35,000. Quest Partners LLC bought a new stake in shares of RH in the fourth quarter worth about $37,000. Finally, KB Financial Partners LLC increased its holdings in shares of RH by 61.6% in the first quarter. KB Financial Partners LLC now owns 118 shares of the company’s stock worth $38,000 after acquiring an additional 45 shares in 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 and operates under RH Galleries and RH brand names in the District of Columbia and Canada, as well as Waterworks showrooms throughout the United States and the United Kingdom. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings.