Robert W. Baird Boosts RH (NYSE:RH) Price Target to $290.00

RH (NYSE:RH) had its price objective boosted by Robert W. Baird from $275.00 to $290.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also recently commented on the company. Telsey Advisory Group reiterated a market perform rating and set a $290.00 target price on shares of RH in a research note on Tuesday, September 10th. Bank of America decreased their price objective on shares of RH from $325.00 to $310.00 and set a buy rating for the company in a report on Thursday, September 5th. Loop Capital dropped their target price on shares of RH from $350.00 to $230.00 and set a hold rating for the company in a research report on Monday, June 17th. Wells Fargo & Company reduced their price target on shares of RH from $350.00 to $325.00 and set an overweight rating on the stock in a research report on Friday, September 6th. Finally, Stifel Nicolaus initiated coverage on RH in a report on Tuesday, July 9th. They issued a buy rating and a $315.00 price objective for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $313.08.

RH Price Performance

RH stock opened at $321.87 on Friday. RH has a 12-month low of $207.26 and a 12-month high of $354.86. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 89.16, a price-to-earnings-growth ratio of 1.13 and a beta of 2.42. The firm’s fifty day moving average price is $263.59 and its 200 day moving average price is $266.33.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.56 by $0.13. The business had revenue of $829.66 million for the quarter, compared to analysts’ expectations of $824.52 million. RH had a negative return on equity of 10.63% and a net margin of 1.13%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.93 earnings per share. Analysts forecast that RH will post 7.29 earnings per share for the current fiscal year.

Insider Activity at RH

In other news, CEO Gary G. Friedman purchased 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, with a total value of $7,353,000.00. Following the completion of the acquisition, the chief executive officer now owns 3,339,263 shares in the company, valued at approximately $717,941,545. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Several hedge funds have recently bought and sold shares of RH. Creekmur Asset Management LLC bought a new stake in RH during the 4th quarter valued at $25,000. Quest Partners LLC acquired a new position in shares of RH during the fourth quarter valued at $37,000. Hollencrest Capital Management acquired a new position in shares of RH during the first quarter valued at $47,000. Ridgewood Investments LLC bought a new stake in shares of RH during the second quarter valued at about $62,000. Finally, Tradition Wealth Management LLC lifted its holdings in RH by 14.8% in the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after purchasing an additional 45 shares during the period. 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.