RH (NYSE:RH) Price Target Raised to $435.00

RH (NYSE:RH) had its target price boosted by Morgan Stanley from $310.00 to $435.00 in a report released on Friday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Other research analysts have also recently issued reports about the company. Bank of America boosted their target price on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research note 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. Robert W. Baird lifted their price target on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday. Wells Fargo & Company boosted 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, September 13th. Finally, Citigroup raised their price objective on shares of RH from $340.00 to $355.00 and gave the company a “buy” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $377.07.

RH Stock Up 17.0 %

NYSE:RH opened at $446.04 on Friday. RH has a 52 week low of $212.43 and a 52 week high of $457.26. The stock’s fifty day moving average is $347.81 and its two-hundred day moving average is $297.88. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 128.17, a price-to-earnings-growth ratio of 2.73 and a beta of 2.44.

RH (NYSE:RH) last posted its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.19). The firm had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. RH had a negative return on equity of 32.76% and a net margin of 2.25%. RH’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.42) EPS. On average, sell-side analysts expect that RH will post 5.63 EPS for the current fiscal year.

Insider Activity

In related news, insider Stefan Duban sold 4,285 shares of the stock in a transaction on 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 completion of the sale, the insider now directly owns 78 shares of the company’s stock, valued at $27,016.86. This trade represents a 98.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the transaction, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. This represents a 15.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,285 shares of company stock valued at $2,871,935 in the last ninety days. 28.10% of the stock is currently owned by company insiders.

Institutional Trading of RH

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its position in shares of RH by 4.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock worth $250,000 after purchasing an additional 35 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of RH by 1.7% in the second quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock valued at $572,000 after purchasing an additional 40 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in RH by 4.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock worth $296,000 after buying an additional 47 shares in the last quarter. State of Alaska Department of Revenue grew its position in RH by 3.6% during the third quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company’s stock worth $579,000 after buying an additional 60 shares during the period. Finally, Blue Trust Inc. increased its holdings in RH by 308.3% in the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after buying an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

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.