RH (NYSE:RH) Price Target Raised to $400.00

RH (NYSE:RH) had its price objective boosted by Robert W. Baird from $300.00 to $400.00 in a research note published on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also recently issued reports about the company. Telsey Advisory Group upped their price target on RH from $290.00 to $330.00 and gave the company a “market perform” rating in a research report on Monday, December 9th. StockNews.com upgraded shares of RH to a “sell” rating in a research report on Thursday, September 19th. Barclays reduced their price target on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Wedbush raised shares of RH from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $310.00 to $430.00 in a report on Monday, October 21st. Finally, Wells Fargo & Company boosted their target price on RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $377.07.

RH Price Performance

RH opened at $446.04 on Friday. The company has a market capitalization of $8.22 billion, a P/E ratio of 128.17, a P/E/G ratio of 2.73 and a beta of 2.44. The firm’s fifty day moving average price is $347.81 and its two-hundred day moving average price is $297.88. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26.

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

Insiders Place Their Bets

In related news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the completion of the sale, the director now owns 10,914 shares in the company, valued at approximately $3,714,034.20. This represents a 15.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value 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 approximately $27,016.86. This trade represents a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,285 shares of company stock valued at $2,871,935. 28.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RH

A number of hedge funds have recently modified their holdings of the business. Miracle Mile Advisors LLC bought a new stake in shares of RH during the second quarter worth $220,000. Raymond James & Associates raised its stake in shares of RH by 28.1% in the 2nd quarter. Raymond James & Associates now owns 12,864 shares of the company’s stock valued at $3,144,000 after purchasing an additional 2,820 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of RH by 16.3% in the second quarter. Nisa Investment Advisors LLC now owns 712 shares of the company’s stock valued at $174,000 after purchasing an additional 100 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of RH in the second quarter valued at about $1,837,000. Finally, Xcel Wealth Management LLC boosted its position in shares of RH by 10.1% during the second quarter. Xcel Wealth Management LLC now owns 122,938 shares of the company’s stock worth $30,051,000 after buying an additional 11,317 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Company Profile

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.