RH (NYSE:RH) Price Target Lowered to $338.00 at JPMorgan Chase & Co.

RH (NYSE:RH) had its price objective lowered by JPMorgan Chase & Co. from $345.00 to $338.00 in a research report released on Monday, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other brokerages have also recently weighed in on RH. StockNews.com raised shares of RH to a sell rating in a research report on Friday, June 21st. Morgan Stanley lifted their target price on RH from $300.00 to $310.00 and gave the stock an equal weight rating in a report on Friday. Wells Fargo & Company boosted their target price on RH from $325.00 to $350.00 and gave the company an overweight rating in a research note on Friday. Bank of America raised their price target on RH from $310.00 to $359.00 and gave the stock a buy rating in a research report on Friday. Finally, Stifel Nicolaus boosted their price objective on RH from $315.00 to $375.00 and gave the company a buy rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $322.54.

RH Stock Performance

RH opened at $329.99 on Monday. The company has a fifty day moving average price of $265.34 and a two-hundred day moving average price of $266.73. The firm has a market capitalization 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 has a 52 week low of $207.26 and a 52 week high of $354.86.

RH (NYSE:RH) last announced 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. The business had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. RH had a negative return on equity of 10.63% and a net margin of 1.13%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.93 earnings per share. Equities analysts forecast that RH will post 7.29 EPS for the current year.

Insider Activity

In other RH news, CEO Gary G. Friedman purchased 34,200 shares of RH stock in a transaction that occurred on Tuesday, June 25th. The stock was acquired at an average price of $215.00 per share, for a total transaction of $7,353,000.00. Following the completion of 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 Securities & Exchange Commission, which is available at this link. 28.10% of the stock is owned by insiders.

Institutional Trading of RH

Institutional investors and hedge funds have recently bought and sold shares of the business. Creekmur Asset Management LLC acquired a new position in shares of RH during the 4th quarter worth approximately $25,000. Quest Partners LLC bought a new position in RH during the fourth quarter worth $37,000. Hollencrest Capital Management acquired a new position in shares of RH in the first quarter valued at $47,000. Ridgewood Investments LLC bought a new position in shares of RH in the second quarter valued at about $62,000. Finally, Tradition Wealth Management LLC raised its position in shares of RH by 14.8% in the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock valued at $102,000 after purchasing an additional 45 shares during the period. 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.