RH (NYSE:RH) Price Target Raised to $500.00

RH (NYSE:RH) had its target price hoisted by Wells Fargo & Company from $425.00 to $500.00 in a report issued on Friday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other research analysts have also recently issued reports on the stock. Morgan Stanley increased their price target on shares of RH from $310.00 to $435.00 and gave the stock an “equal weight” rating in a report on Friday. StockNews.com raised RH to a “sell” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. dropped their price objective on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Barclays cut their price objective on RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Finally, Citigroup boosted their target price on shares of RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $377.07.

RH Trading Up 17.0 %

RH stock opened at $446.04 on Friday. The stock has a 50 day moving average of $347.81 and a two-hundred day moving average of $297.88. RH has a twelve month low of $212.43 and a twelve month high of $457.26. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 128.17, a PEG ratio of 2.73 and a beta of 2.44.

RH (NYSE:RH) last released its quarterly 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 negative return on equity of 32.76% and a net margin of 2.25%. The company had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. During the same quarter last year, the company earned ($0.42) EPS. RH’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities analysts predict that RH will post 5.63 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stefan Duban sold 4,285 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the transaction, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. This represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,285 shares of company stock valued at $2,871,935. Corporate insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

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