Stifel Nicolaus Reiterates “Buy” Rating for RH (NYSE:RH)

RH (NYSE:RH)‘s stock had its “buy” rating reaffirmed by equities researchers at Stifel Nicolaus in a note issued to investors on Monday,Benzinga reports. They presently have a $420.00 target price on the stock, up from their previous target price of $375.00. Stifel Nicolaus’ price target would indicate a potential upside of 7.79% from the stock’s current price.

A number of other equities research analysts have also issued reports on RH. Telsey Advisory Group increased their price objective on shares of RH from $290.00 to $330.00 and gave the company a “market perform” rating in a report on Monday. BNP Paribas reaffirmed an “underperform” rating and issued a $253.00 target price on shares of RH in a report on Wednesday, November 13th. Barclays reduced their price objective on RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Loop Capital raised their target price on shares of RH from $230.00 to $320.00 and gave the company a “hold” rating in a report on Monday, September 16th. Finally, Robert W. Baird raised their price target on RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, September 13th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, RH presently has an average rating of “Hold” and a consensus price target of $338.40.

RH Stock Up 3.6 %

Shares of NYSE:RH traded up $13.55 during trading on Monday, hitting $389.65. The stock had a trading volume of 219,098 shares, compared to its average volume of 706,270. RH has a 12 month low of $212.43 and a 12 month high of $398.22. The company has a market capitalization of $7.19 billion, a PE ratio of 229.21, a PEG ratio of 2.15 and a beta of 2.44. The firm’s fifty day moving average is $341.02 and its 200 day moving average is $292.94.

RH (NYSE:RH) last released its 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. 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 during the quarter, compared to analyst estimates of $824.52 million. During the same period last year, the business earned $3.93 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. Equities research analysts expect that RH will post 5.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the sale, the insider now owns 78 shares of the company’s stock, valued at approximately $27,016.86. This trade represents a 98.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward T. Lee sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,285 shares of company stock worth $2,871,935 in the last ninety days. 28.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RH

Several institutional investors have recently bought and sold shares of the company. Cetera Advisors LLC lifted its position in RH by 124.1% during the first quarter. Cetera Advisors LLC now owns 1,849 shares of the company’s stock worth $644,000 after buying an additional 1,024 shares during the period. Diversified Trust Co purchased a new stake in shares of RH during the 2nd quarter valued at $793,000. Miracle Mile Advisors LLC purchased a new position in shares of RH in the 2nd quarter worth $220,000. Raymond James & Associates grew its position in RH by 28.1% during the second quarter. Raymond James & Associates now owns 12,864 shares of the company’s stock valued at $3,144,000 after acquiring an additional 2,820 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of RH by 16.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 712 shares of the company’s stock worth $174,000 after purchasing an additional 100 shares during the period. 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.