RH (NYSE:RH) Stock Price Expected to Rise, Morgan Stanley Analyst Says

RH (NYSE:RH) had its target price boosted by Morgan Stanley from $310.00 to $435.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential downside of 0.55% from the stock’s previous close.

Several other research firms have also recently commented on RH. JPMorgan Chase & Co. decreased their price target on shares of RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Telsey Advisory Group lifted their target price on RH from $290.00 to $330.00 and gave the company a “market perform” rating in a research note on Monday. Bank of America upped their price target on RH from $310.00 to $359.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Citigroup boosted their target price on RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $420.00 price objective (up previously from $375.00) on shares of RH in a research note on Monday. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $354.07.

RH Stock Up 14.7 %

NYSE:RH traded up $56.01 on Friday, reaching $437.39. The stock had a trading volume of 1,046,854 shares, compared to its average volume of 713,401. The company has a market capitalization of $8.07 billion, a P/E ratio of 258.82, a price-to-earnings-growth ratio of 2.44 and a beta of 2.44. RH has a 1-year low of $212.43 and a 1-year high of $457.26. The stock has a fifty day moving average price of $345.55 and a 200-day moving average price of $296.23.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. During the same quarter last year, the company earned ($0.42) earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. Sell-side analysts predict that RH will post 5.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total value of $680,600.00. Following the sale, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 15.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the sale, the insider now directly owns 78 shares in the company, valued at $27,016.86. This trade represents a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,285 shares of company stock valued at $2,871,935. Company insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Inspire Trust Co. N.A. lifted its stake in RH by 8.6% in the third quarter. Inspire Trust Co. N.A. now owns 5,065 shares of the company’s stock valued at $1,694,000 after acquiring an additional 400 shares during the last quarter. Blankinship & Foster LLC bought a new stake in shares of RH in the 3rd quarter valued at about $846,000. Sanctuary Advisors LLC lifted its stake in RH by 55.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 3,755 shares of the company’s stock valued at $1,382,000 after purchasing an additional 1,341 shares during the last quarter. Virtu Financial LLC bought a new position in RH during the third quarter worth about $4,268,000. Finally, Invst LLC acquired a new position in RH during the third quarter worth approximately $752,000. 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.