RH (NYSE:RH) Given New $320.00 Price Target at Barclays

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

Other equities analysts have also recently issued reports about the company. Telsey Advisory Group restated a market perform rating and set a $290.00 target price on shares of RH in a research report on Tuesday, September 10th. Loop Capital upped their price objective on shares of RH from $230.00 to $320.00 and gave the stock a hold rating in a research report on Monday. StockNews.com upgraded shares of RH to a sell rating in a research report on Friday, June 21st. Wells Fargo & Company increased their price target on shares of RH from $325.00 to $350.00 and gave the stock an overweight rating in a report on Friday. Finally, Robert W. Baird lifted their price objective on shares of RH from $275.00 to $290.00 and gave the stock a neutral rating in a report on Friday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, RH has a consensus rating of Hold and a consensus target price of $322.54.

RH Stock Up 2.5 %

Shares of RH opened at $329.99 on Monday. RH has a twelve month low of $207.26 and a twelve month high of $354.86. The stock has a market cap of $6.09 billion, a PE ratio of 91.41, a P/E/G ratio of 1.13 and a beta of 2.42. The business’s 50-day moving average price is $265.34 and its 200-day moving average price is $266.73.

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

Insider Activity

In related news, CEO Gary G. Friedman bought 34,200 shares of the stock in a transaction dated Tuesday, June 25th. The stock was bought at an average price of $215.00 per share, with a total value of $7,353,000.00. Following the purchase, the chief executive officer now owns 3,339,263 shares in the company, valued at approximately $717,941,545. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Texas Permanent School Fund Corp boosted its stake in shares of RH by 25.3% during the second quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock valued at $4,098,000 after purchasing an additional 3,387 shares during the period. Findell Capital Management LLC bought a new stake in RH during the 4th quarter valued at $5,247,000. First Hawaiian Bank raised its holdings in RH by 116.2% during the 2nd 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 purchased a new stake in RH during the 1st quarter valued at $2,200,000. Finally, Artemis Investment Management LLP bought a new stake in RH in the 1st quarter worth $4,637,000. 90.17% of the stock is currently owned by 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.