Analysts Set RH (NYSE:RH) Price Target at $431.60

RH (NYSE:RH) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $431.60.

Several equities research analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. Wedbush restated an “outperform” rating and set a $500.00 target price on shares of RH in a report on Tuesday. Guggenheim lifted their price target on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $485.00 to $500.00 in a report on Thursday, December 19th.

RH Stock Performance

RH stock opened at $340.06 on Monday. RH has a 52 week low of $212.43 and a 52 week high of $457.26. The firm’s fifty day moving average is $408.84 and its 200 day moving average is $348.96. The firm has a market cap of $6.33 billion, a P/E ratio of 97.72, a P/E/G ratio of 2.77 and a beta of 2.42.

RH (NYSE:RH) last released its earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. During the same period in the prior year, the business posted ($0.42) EPS. RH’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, analysts forecast that RH will post 4.39 EPS for the current year.

Insider Activity

In related news, Director Keith Belling sold 500 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the transaction, the director now owns 5,470 shares in the company, valued at $2,270,050. The trade was a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Edward T. Lee sold 600 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $446.73, for a total transaction of $268,038.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,880 shares of company stock worth $29,129,879. Corporate insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

Several hedge funds and other institutional investors have recently made changes to their positions in RH. Alliancebernstein L.P. increased its position in shares of RH by 1,960.8% during the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock valued at $143,148,000 after purchasing an additional 346,050 shares during the last quarter. Norges Bank purchased a new stake in shares of RH during the 4th quarter valued at about $54,314,000. Raymond James Financial Inc. purchased a new stake in shares of RH during the 4th quarter valued at about $52,190,000. Freestone Grove Partners LP purchased a new stake in shares of RH during the 4th quarter valued at about $44,744,000. Finally, American Century Companies Inc. grew its stake in shares of RH by 2,227.7% during the 4th quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock valued at $41,603,000 after acquiring an additional 101,160 shares during the period. 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.