Brokerages Set RH (NYSE:RH) Target Price at $310.46

Shares of RH (NYSE:RH) have been given a consensus rating of “Hold” by the sixteen research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $310.79.

Several equities analysts have recently weighed in on the stock. Wedbush reduced their price objective on shares of RH from $320.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, June 14th. StockNews.com upgraded shares of RH to a “sell” rating in a research report on Friday, June 21st. JPMorgan Chase & Co. raised their price objective on shares of RH from $329.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Stifel Nicolaus assumed coverage on shares of RH in a research report on Tuesday. They set a “buy” rating and a $315.00 price objective for the company. Finally, Wells Fargo & Company reduced their price objective on shares of RH from $360.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, June 14th.

Insider Buying and Selling

In related news, CEO Gary G. Friedman purchased 34,200 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was acquired at an average cost 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 in the company, valued at approximately $717,941,545. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Eri Chaya sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $279.92, for a total transaction of $27,992,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gary G. Friedman acquired 34,200 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were acquired at an average cost of $215.00 per share, for a total transaction of $7,353,000.00. Following the transaction, the chief executive officer now owns 3,339,263 shares of the company’s stock, valued at approximately $717,941,545. The disclosure for this purchase can be found here. 28.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RH

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Klein Pavlis & Peasley Financial Inc. bought a new position in shares of RH in the fourth quarter valued at approximately $1,246,000. Moody National Bank Trust Division bought a new position in shares of RH in the fourth quarter valued at approximately $1,043,000. Xcel Wealth Management LLC raised its position in shares of RH by 6.9% in the fourth quarter. Xcel Wealth Management LLC now owns 95,373 shares of the company’s stock valued at $27,799,000 after purchasing an additional 6,165 shares during the period. Locust Wood Capital Advisers LLC raised its position in shares of RH by 190.9% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 87,408 shares of the company’s stock valued at $25,478,000 after purchasing an additional 57,362 shares during the period. Finally, Findell Capital Management LLC bought a new position in shares of RH in the fourth quarter valued at approximately $5,247,000. Institutional investors own 90.17% of the company’s stock.

RH Trading Up 8.8 %

RH stock opened at $266.92 on Friday. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 73.94, a PEG ratio of 0.90 and a beta of 2.42. The company’s 50-day moving average price is $258.33 and its two-hundred day moving average price is $267.59. RH has a 52 week low of $207.26 and a 52 week high of $406.38.

RH (NYSE:RH) last released its earnings results on Thursday, June 13th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.32). The company had revenue of $726.96 million for the quarter, compared to analyst estimates of $725.15 million. RH had a net margin of 2.72% and a negative return on equity of 29.15%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.21 EPS. Research analysts expect that RH will post 8.15 earnings per share for the current fiscal year.

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.