RH (NYSE:RH) Price Target Increased to $375.00 by Analysts at Stifel Nicolaus

RH (NYSE:RH) had its price target upped by Stifel Nicolaus from $315.00 to $375.00 in a research note published on Monday, Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently issued reports on RH. Morgan Stanley increased their price objective on shares of RH from $300.00 to $310.00 and gave the company an equal weight rating in a research report on Friday. Loop Capital raised their price target on shares of RH from $230.00 to $320.00 and gave the company a hold rating in a report on Monday. Wells Fargo & Company boosted their price objective on shares of RH from $325.00 to $350.00 and gave the stock an overweight rating in a report on Friday. BNP Paribas raised shares of RH to a hold rating in a research report on Friday, June 14th. Finally, The Goldman Sachs Group dropped their target price on RH from $264.00 to $226.00 and set a sell rating on the stock in a research report on Monday, June 17th. 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, RH presently has an average rating of Hold and a consensus target price of $322.54.

RH Trading Up 2.5 %

Shares of RH stock opened at $329.99 on Monday. The company’s fifty day simple moving average is $265.34 and its 200-day simple moving average is $266.73. RH has a 52 week low of $207.26 and a 52 week high of $354.86. The company 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.

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

Insiders Place Their Bets

In other RH news, CEO Gary G. Friedman purchased 34,200 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was acquired at an average cost of $215.00 per share, with a total value of $7,353,000.00. Following the acquisition, the chief executive officer now owns 3,339,263 shares of the company’s stock, valued at approximately $717,941,545. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 28.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Texas Permanent School Fund Corp lifted its position in RH by 25.3% in the 2nd 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 last quarter. Findell Capital Management LLC acquired a new stake in shares of RH in the fourth quarter valued at approximately $5,247,000. First Hawaiian Bank raised its holdings in shares of RH by 116.2% during 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 position in shares of RH during the first quarter worth approximately $2,200,000. Finally, Artemis Investment Management LLP bought a new position in RH in the 1st quarter worth approximately $4,637,000. Institutional investors and hedge funds 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.