RH (NYSE:RH) PT Raised to $320.00

RH (NYSE:RH) had its price target raised by research analysts at Wedbush from $275.00 to $320.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Wedbush’s price target would indicate a potential upside of 7.71% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Bank of America dropped 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. Barclays upped their target price on RH from $256.00 to $293.00 and gave the company an “equal weight” rating in a report on Friday, December 8th. Telsey Advisory Group reissued a “market perform” rating and set a $285.00 price objective on shares of RH in a research report on Tuesday. JPMorgan Chase & Co. raised their price objective on RH from $329.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. One 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’s stock. Based on data from MarketBeat.com, RH presently has a consensus rating of “Hold” and an average target price of $316.71.

RH Stock Up 3.8 %

Shares of NYSE:RH opened at $297.10 on Thursday. The business has a fifty day moving average of $271.63 and a two-hundred day moving average of $268.34. The stock has a market cap of $5.47 billion, a P/E ratio of 32.26, a PEG ratio of 2.85 and a beta of 2.43. RH has a 52-week low of $207.26 and a 52-week high of $406.38.

Insider Activity

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

Institutional Investors Weigh In On RH

Several institutional investors have recently added to or reduced their stakes in RH. Morgan Stanley increased its position in RH by 145.6% during the fourth quarter. Morgan Stanley now owns 594,574 shares of the company’s stock worth $158,864,000 after buying an additional 352,456 shares during the period. Durable Capital Partners LP increased its position in RH by 187.3% during the second quarter. Durable Capital Partners LP now owns 491,640 shares of the company’s stock worth $162,040,000 after buying an additional 320,538 shares during the period. FMR LLC increased its position in RH by 11.5% during the third quarter. FMR LLC now owns 2,143,424 shares of the company’s stock worth $566,636,000 after buying an additional 221,858 shares during the period. Steadfast Capital Management LP increased its position in RH by 239.4% during the fourth quarter. Steadfast Capital Management LP now owns 288,949 shares of the company’s stock worth $77,204,000 after buying an additional 203,826 shares during the period. Finally, Norges Bank acquired a new position in RH during the fourth quarter worth approximately $46,157,000. 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 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.