RH (NYSE:RH) PT Raised to $290.00 at Robert W. Baird

RH (NYSE:RH) had its price objective boosted by Robert W. Baird from $275.00 to $290.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research analysts have also issued reports on RH. Morgan Stanley boosted their price objective on RH from $300.00 to $310.00 and gave the company an equal weight rating in a research report on Friday. StockNews.com upgraded shares of RH to a sell rating in a research report on Friday, June 21st. BNP Paribas raised shares of RH to a hold rating in a report on Friday, June 14th. The Goldman Sachs Group decreased their target price on shares of RH from $264.00 to $226.00 and set a sell rating for the company in a research report on Monday, June 17th. Finally, Wedbush cut their target price on RH from $320.00 to $250.00 and set a neutral rating on the stock in a research note on Friday, June 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $313.08.

RH Price Performance

RH stock opened at $321.87 on Friday. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 89.16, a PEG ratio of 1.08 and a beta of 2.42. RH has a 1-year low of $207.26 and a 1-year high of $354.86. The firm has a fifty day moving average price of $263.59 and a two-hundred day moving average price of $266.32.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share 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 during the quarter, compared to the consensus estimate of $824.52 million. During the same quarter in the prior year, the firm earned $3.93 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, analysts expect that RH will post 7.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other RH news, CEO Gary G. Friedman acquired 34,200 shares of RH stock in a transaction dated Tuesday, June 25th. The stock was bought at an average price 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 in the company, valued at approximately $717,941,545. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 28.10% of the stock is owned by company insiders.

Institutional Trading of RH

Large investors have recently added to or reduced their stakes in the business. Findell Capital Management LLC acquired a new position in shares of RH in the 4th quarter valued at $5,247,000. First Eagle Investment Management LLC increased its position in shares of RH by 247.5% in the fourth quarter. First Eagle Investment Management LLC now owns 13,732 shares of the company’s stock worth $4,003,000 after acquiring an additional 9,780 shares in the last quarter. First Hawaiian Bank raised its holdings in shares of RH by 116.2% during the second quarter. First Hawaiian Bank now owns 5,718 shares of the company’s stock valued at $1,398,000 after acquiring an additional 3,073 shares during the period. Entropy Technologies LP purchased a new stake in shares of RH in the 1st quarter valued at approximately $2,200,000. Finally, Artemis Investment Management LLP acquired a new position in RH in the 1st quarter worth approximately $4,637,000. 90.17% of the stock is currently owned by institutional investors.

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.