RH (NYSE:RH) Given New $350.00 Price Target at TD Cowen

RH (NYSE:RH) had its price objective raised by TD Cowen from $325.00 to $350.00 in a report published on Friday morning, Benzinga reports. TD Cowen currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the company. StockNews.com raised RH to a sell rating in a research report on Friday, June 21st. Telsey Advisory Group reaffirmed a market perform rating and set a $290.00 target price on shares of RH in a report on Tuesday. Robert W. Baird increased their price target on shares of RH from $275.00 to $290.00 and gave the stock a neutral rating in a report on Friday. Wedbush lifted their price objective on shares of RH from $250.00 to $310.00 and gave the company a neutral rating in a research note on Friday. Finally, Wells Fargo & Company upped their price objective on shares of RH from $325.00 to $350.00 and gave the company an overweight rating in a report on Friday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $313.08.

RH Stock Up 25.5 %

RH opened at $321.87 on Friday. The company has a market cap of $5.94 billion, a P/E ratio of 89.16, a price-to-earnings-growth ratio of 1.08 and a beta of 2.42. The firm’s 50-day moving average price is $263.59 and its 200-day moving average price is $266.32. RH has a 52-week low of $207.26 and a 52-week high of $354.86.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 2.72% and a negative return on equity of 29.15%. The business had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. During the same quarter in the prior year, the business posted $3.93 EPS. RH’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, research analysts anticipate that RH will post 7.29 EPS for the current fiscal year.

Insider Activity

In other RH news, CEO Gary G. Friedman bought 34,200 shares of RH stock in a transaction dated Tuesday, June 25th. The stock was acquired at an average cost of $215.00 per share, with a total value of $7,353,000.00. Following the purchase, the chief executive officer now directly owns 3,339,263 shares in the company, valued at approximately $717,941,545. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 28.10% of the company’s stock.

Institutional Trading of RH

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new stake in shares of RH in the second quarter worth approximately $601,000. Creative Planning lifted its holdings in RH by 4.2% in the 2nd quarter. Creative Planning now owns 2,426 shares of the company’s stock valued at $593,000 after purchasing an additional 97 shares in the last quarter. Smith Thornton Advisors LLC acquired a new stake in RH during the 2nd quarter worth $283,000. BlackBarn Capital Partners LP grew its holdings in shares of RH by 156.8% during the second quarter. BlackBarn Capital Partners LP now owns 43,655 shares of the company’s stock worth $10,671,000 after buying 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. Hedge funds and other institutional investors 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.