RH (NYSE:RH) Price Target Raised to $320.00 at Loop Capital

RH (NYSE:RH) had its price target hoisted by Loop Capital from $230.00 to $320.00 in a research report released on Monday, Benzinga reports. They currently have a hold rating on the stock.

Several other brokerages have also recently issued reports on RH. Citigroup upped their price objective on shares of RH from $340.00 to $355.00 and gave the company a buy rating in a research note on Friday. Wells Fargo & Company increased their price target on RH from $325.00 to $350.00 and gave the company an overweight rating in a report on Friday. BNP Paribas raised RH to a hold rating in a research note on Friday, June 14th. Telsey Advisory Group reaffirmed a market perform rating and issued a $290.00 target price on shares of RH in a research note on Tuesday, September 10th. Finally, Bank of America boosted their price target on shares of RH from $310.00 to $359.00 and gave the company a buy rating in a research report on Friday. Two equities 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $322.54.

RH Price Performance

Shares of RH stock opened at $329.99 on Monday. The stock has a market capitalization of $6.09 billion, a P/E ratio of 91.41, a PEG ratio of 1.13 and a beta of 2.42. The business has a 50 day simple moving average of $265.34 and a two-hundred day simple moving average of $266.73. RH has a 12 month low of $207.26 and a 12 month high of $354.86.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.56 by $0.13. RH had a negative return on equity of 10.63% and a net margin of 1.13%. The firm had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. During the same period in the prior year, the company earned $3.93 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. As a group, research analysts anticipate that RH will post 7.29 EPS for the current fiscal year.

Insider Buying and Selling at RH

In other news, CEO Gary G. Friedman purchased 34,200 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were bought at an average cost of $215.00 per share, for a total transaction of $7,353,000.00. Following the completion of the purchase, the chief executive officer now directly owns 3,339,263 shares of the company’s stock, valued at $717,941,545. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 28.10% of the stock is owned by corporate insiders.

Institutional Trading of RH

Hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC purchased a new position in shares of RH in the second quarter valued at approximately $601,000. Creative Planning lifted its holdings in RH by 4.2% during the 2nd quarter. Creative Planning now owns 2,426 shares of the company’s stock worth $593,000 after buying an additional 97 shares in the last quarter. Smith Thornton Advisors LLC purchased a new position in RH in the 2nd quarter valued at approximately $283,000. BlackBarn Capital Partners LP grew its stake in shares of RH by 156.8% in the second quarter. BlackBarn Capital Partners LP now owns 43,655 shares of the company’s stock worth $10,671,000 after acquiring an additional 26,655 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in shares of RH during the second quarter worth $1,289,000. 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.