RH (NYSE:RH) Price Target Raised to $375.00

RH (NYSE:RH) had its target price raised by Stifel Nicolaus from $315.00 to $375.00 in a research report report published on Monday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Wedbush lifted their price objective on RH from $250.00 to $310.00 and gave the stock a neutral rating in a research report on Friday, September 13th. Morgan Stanley raised their price target on RH from $300.00 to $310.00 and gave the stock an equal weight rating in a research note on Friday, September 13th. TD Cowen boosted their price objective on shares of RH from $325.00 to $350.00 and gave the company a buy rating in a research report on Friday, September 13th. Robert W. Baird raised their target price on shares of RH from $275.00 to $290.00 and gave the stock a neutral rating in a research report on Friday, September 13th. Finally, Loop Capital lifted their target price on shares of RH from $230.00 to $320.00 and gave the company a hold rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $322.54.

RH Stock Up 1.3 %

NYSE:RH opened at $335.15 on Monday. The firm has a market capitalization of $6.18 billion, a P/E ratio of 92.84, a P/E/G ratio of 1.13 and a beta of 2.42. The company has a fifty day moving average of $268.99 and a 200 day moving average of $267.58. 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 data on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.56 by $0.13. The firm had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 10.63%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.93 earnings per share. As a group, analysts anticipate that RH will post 7.29 EPS for the current year.

Insider Buying and Selling at RH

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

Hedge Funds Weigh In On RH

Several large investors have recently modified their holdings of the stock. Creekmur Asset Management LLC bought a new stake in shares of RH during the fourth quarter valued at approximately $25,000. Quest Partners LLC bought a new stake in shares of RH in the 4th quarter worth $37,000. Hollencrest Capital Management purchased a new position in shares of RH in the first quarter worth $47,000. Ridgewood Investments LLC bought a new position in shares of RH during the second quarter valued at $62,000. Finally, Tradition Wealth Management LLC boosted its position in shares of RH by 14.8% during the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock valued at $102,000 after buying an additional 45 shares during the last quarter. 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.