RH (NYSE:RH) Price Target Raised to $320.00

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

Several other equities research analysts have also weighed in on RH. Robert W. Baird increased their price objective on shares of RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday. Telsey Advisory Group reissued a “market perform” rating and issued a $290.00 price target on shares of RH in a report on Tuesday, September 10th. TD Cowen upped their price objective on RH from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday. Bank of America increased their target price on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Wedbush upped their price target on shares of RH from $250.00 to $310.00 and gave the stock a “neutral” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $324.62.

RH Stock Performance

Shares of RH stock opened at $321.36 on Monday. The stock has a market capitalization 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 company’s 50-day simple moving average is $263.59 and its 200-day simple moving average is $266.33.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.13. The business had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. RH had a negative return on equity of 10.63% and a net margin of 1.13%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.93 EPS. As a group, research analysts forecast that RH will post 7.29 EPS for the current year.

Insider Activity

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

Institutional Trading of RH

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its holdings in shares of RH by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock valued at $231,728,000 after buying an additional 62,198 shares in the last quarter. Anomaly Capital Management LP grew its holdings in shares of RH by 503.6% in the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock worth $85,365,000 after acquiring an additional 291,368 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of RH by 18.0% during the second quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after purchasing an additional 41,242 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of RH by 24.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 227,247 shares of the company’s stock valued at $55,548,000 after purchasing an additional 44,278 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in RH by 58.6% in the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after purchasing an additional 64,423 shares in the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

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.