RH (NYSE:RH) Price Target Raised to $310.00

RH (NYSE:RH) had its target price increased by Morgan Stanley from $300.00 to $310.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research firms have also recently issued reports on RH. TD Cowen decreased their price target on RH from $350.00 to $325.00 and set a buy rating on the stock in a report on Friday, June 14th. Telsey Advisory Group restated a market perform rating and issued a $290.00 price target on shares of RH in a research report on Tuesday, September 10th. Robert W. Baird decreased their price objective on RH from $300.00 to $275.00 and set a neutral rating for the company in a research note on Friday, June 14th. Stifel Nicolaus started coverage on RH in a research report on Tuesday, July 9th. They set a buy rating and a $315.00 target price for the company. Finally, StockNews.com raised RH to a sell rating in a research note on Friday, June 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $313.08.

RH Price Performance

Shares of RH opened at $321.87 on Friday. The company has a market capitalization of $5.94 billion, a P/E ratio of 89.16, a PEG ratio of 1.13 and a beta of 2.42. RH has a one year low of $207.26 and a one year high of $354.86. The business’s 50 day simple moving average is $263.59 and its 200-day simple moving average is $266.33.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. RH had a negative return on equity of 10.63% and a net margin of 1.13%. The company had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. During the same quarter in the previous year, the firm earned $3.93 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts anticipate that RH will post 7.29 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Gary G. Friedman acquired 34,200 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were acquired 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 owns 3,339,263 shares of the company’s stock, valued at approximately $717,941,545. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Hedge funds and other institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC lifted its position in shares of RH by 0.4% in the first quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock worth $2,986,000 after purchasing an additional 38 shares in the last quarter. Insight Advisors LLC PA increased its stake in RH by 2.8% in the 1st quarter. Insight Advisors LLC PA now owns 1,447 shares of the company’s stock valued at $504,000 after buying an additional 39 shares during the last quarter. Pacer Advisors Inc. lifted its position in RH by 1.7% during the 2nd quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock worth $572,000 after buying an additional 40 shares in the last quarter. Tradition Wealth Management LLC boosted its stake in shares of RH by 14.8% during the 4th quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after buying an additional 45 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its holdings in shares of RH by 0.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company’s stock valued at $4,659,000 after acquiring an additional 47 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

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.