RH (NYSE:RH) Price Target Cut to $320.00 by Analysts at Barclays

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

Other research analysts have also recently issued research reports about the stock. StockNews.com upgraded shares of RH to a sell rating in a research report on Friday, June 21st. Loop Capital upped their target price on RH from $230.00 to $320.00 and gave the company a hold rating in a research note on Monday. Stifel Nicolaus raised their price target on shares of RH from $315.00 to $375.00 and gave the stock a buy rating in a research note on Monday. Wedbush upped their target price on shares of RH from $250.00 to $310.00 and gave the stock a neutral rating in a research note on Friday, September 13th. Finally, Morgan Stanley upped their target price on RH from $300.00 to $310.00 and gave the stock an equal weight rating in a report on Friday, September 13th. Two 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. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $322.54.

RH Stock Up 4.3 %

RH opened at $348.92 on Monday. The stock has a market capitalization 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 firm has a 50 day moving average price of $270.63 and a 200-day moving average price of $268.14. RH has a twelve month low of $207.26 and a twelve month high of $354.86.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The firm had revenue of $829.66 million for the quarter, compared to analysts’ expectations of $824.52 million. During the same quarter in the prior year, the business earned $3.93 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts expect that RH will post 6.2 earnings per share for the current year.

Insider Buying and Selling at RH

In related news, CEO Gary G. Friedman acquired 34,200 shares of the firm’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 purchase, the chief executive officer now owns 3,339,263 shares of the company’s stock, valued at approximately $717,941,545. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Texas Permanent School Fund Corp boosted its position in shares of RH by 25.3% in the second quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock worth $4,098,000 after acquiring an additional 3,387 shares during the last quarter. Findell Capital Management LLC bought a new stake in shares of RH in the fourth quarter worth $5,247,000. First Hawaiian Bank increased its holdings in RH by 116.2% in the second quarter. First Hawaiian Bank now owns 5,718 shares of the company’s stock valued at $1,398,000 after buying an additional 3,073 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of RH during the 1st quarter valued at approximately $2,200,000. Finally, Artemis Investment Management LLP acquired a new position in shares of RH in the 1st quarter valued at about $4,637,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

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.