Stifel Nicolaus Issues Positive Forecast for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its price target upped by Stifel Nicolaus from $420.00 to $500.00 in a research note released on Monday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities analysts also recently commented on the company. Robert W. Baird lifted their price objective on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday. Guggenheim lifted their price objective on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Friday. Telsey Advisory Group lifted their price objective on RH from $290.00 to $330.00 and gave the stock a “market perform” rating in a research report on Monday, December 9th. BNP Paribas reiterated an “underperform” rating and set a $253.00 price objective on shares of RH in a research report on Wednesday, November 13th. Finally, Bank of America lifted their price objective on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $391.07.

RH Stock Down 7.0 %

Shares of NYSE:RH opened at $414.63 on Monday. RH has a 52-week low of $212.43 and a 52-week high of $457.26. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 128.17, a PEG ratio of 2.73 and a beta of 2.44. The business has a 50-day moving average price of $347.81 and a 200-day moving average price of $298.20.

RH (NYSE:RH) last announced its quarterly 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 company had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. During the same quarter in the prior year, the business posted ($0.42) earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts anticipate that RH will post 5.63 EPS for the current fiscal year.

Insider Buying and Selling at RH

In other news, insider Stefan Duban sold 4,285 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. This represents a 98.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction that occurred on 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 position. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock valued at $2,871,935 in the last ninety days. Insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

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

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.