RH (NYSE:RH) Given New $450.00 Price Target at Loop Capital

RH (NYSE:RH) had its price objective increased by Loop Capital from $320.00 to $450.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a hold rating on the stock.

Several other equities research analysts have also commented on the stock. Barclays dropped 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 note on Monday, September 16th. BNP Paribas reiterated an “underperform” rating and set a $253.00 price objective on shares of RH in a research note on Wednesday, November 13th. Wedbush reiterated an “outperform” rating and set a $500.00 price objective (up previously from $430.00) on shares of RH in a research note on Friday. Morgan Stanley raised their price objective on shares of RH from $310.00 to $435.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Two equities research 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. According to data from MarketBeat, RH currently has an average rating of “Hold” and a consensus target price of $391.07.

RH Stock Performance

Shares of RH stock opened at $414.63 on Monday. The firm has a market cap of $7.65 billion, a PE ratio of 128.17, a price-to-earnings-growth ratio of 2.73 and a beta of 2.44. The firm’s 50-day simple moving average is $347.81 and its 200-day simple moving average is $298.20. RH has a 1 year low of $212.43 and a 1 year high of $457.26.

RH (NYSE:RH) last issued its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $812.19 million. During the same quarter last year, the company posted ($0.42) EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities analysts predict that RH will post 5.63 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stefan Duban sold 4,285 shares of RH stock in a transaction 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 owns 78 shares in the company, valued at $27,016.86. This trade represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,285 shares of company stock valued at $2,871,935. Company insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Anomaly Capital Management LP boosted its position in RH by 503.6% in the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after buying an additional 291,368 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of RH by 18.0% during the second quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock worth $66,239,000 after buying an additional 41,242 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of RH by 8.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock worth $82,206,000 after buying an additional 18,563 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of RH by 26.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock worth $61,814,000 after buying an additional 38,572 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of RH by 58.6% during the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after buying an additional 64,423 shares during the last quarter. 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.