RH (NYSE:RH) Stock Price Expected to Rise, Guggenheim Analyst Says

RH (NYSE:RH) had its price target upped by analysts at Guggenheim from $425.00 to $550.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Guggenheim’s price target indicates a potential upside of 26.04% from the company’s current price.

A number of other analysts also recently issued reports on RH. Wells Fargo & Company raised their price target on RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Bank of America lifted their price objective on shares of RH from $310.00 to $359.00 and gave the company a “buy” rating in a report on Friday, September 13th. TD Cowen upped their target price on shares of RH from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $420.00 price target (up previously from $375.00) on shares of RH in a research report on Monday. Finally, Morgan Stanley boosted their price objective on shares of RH from $310.00 to $435.00 and gave the stock an “equal weight” rating in a research note on Friday. Three analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, RH currently has an average rating of “Hold” and a consensus price target of $362.40.

RH Trading Up 14.4 %

NYSE RH traded up $54.98 on Friday, hitting $436.36. The company’s stock had a trading volume of 1,817,736 shares, compared to its average volume of 717,915. The firm has a market cap of $8.05 billion, a P/E ratio of 256.68, a PEG ratio of 2.44 and a beta of 2.44. RH has a 52-week low of $212.43 and a 52-week high of $457.26. The company’s 50-day simple moving average is $345.55 and its 200 day simple moving average is $296.23.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. During the same period last year, the business earned ($0.42) earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. On average, research analysts forecast that RH will post 5.63 EPS for the current fiscal year.

Insider Activity at RH

In other RH news, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stefan Duban sold 4,285 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the completion of 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Blue Trust Inc. grew its stake in RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after acquiring an additional 74 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in RH in the 2nd quarter valued at approximately $62,000. Centaurus Financial Inc. bought a new position in shares of RH during the 3rd quarter worth about $100,000. Ameliora Wealth Management Ltd. bought a new position in shares of RH during the third quarter valued at $110,000. Finally, Quarry LP acquired a new stake in shares of RH during the third quarter worth approximately $141,000. 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 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.