Robert W. Baird Raises RH (NYSE:RH) Price Target to $400.00

RH (NYSE:RH) had its price objective hoisted by Robert W. Baird from $300.00 to $400.00 in a research report sent to investors on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research firms have also weighed in on RH. TD Cowen boosted their target price on RH from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Loop Capital upped their price objective on shares of RH from $230.00 to $320.00 and gave the company a “hold” rating in a report on Monday, September 16th. Wells Fargo & Company raised their target price on shares of RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. BNP Paribas reaffirmed an “underperform” rating and set a $253.00 target price on shares of RH in a report on Wednesday, November 13th. Finally, Morgan Stanley boosted their price objective on RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, RH has an average rating of “Hold” and a consensus target price of $377.07.

RH Trading Up 17.0 %

NYSE RH opened at $446.04 on Friday. The firm has a market capitalization of $8.22 billion, a P/E ratio of 128.17, a price-to-earnings-growth ratio of 2.73 and a beta of 2.44. The firm’s fifty day moving average price is $347.81 and its two-hundred day moving average price is $297.88. RH has a 1 year low of $212.43 and a 1 year high of $457.26.

RH (NYSE:RH) last issued its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 32.76%. The firm had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. During the same period in the previous year, the company posted ($0.42) earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, research analysts anticipate that RH will post 5.63 EPS for the current fiscal year.

Insider Buying and Selling

In other RH news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the sale, the director now owns 10,914 shares of the company’s stock, valued at approximately $3,714,034.20. This trade represents a 15.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Stefan Duban sold 4,285 shares of the business’s 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 of the company’s stock, valued at $27,016.86. This trade represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,285 shares of company stock worth $2,871,935. Company insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RH. Anomaly Capital Management LP increased its position in RH by 503.6% during the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock worth $85,365,000 after purchasing an additional 291,368 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of RH by 141.5% during the third quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock worth $53,375,000 after buying an additional 93,500 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of RH by 58.6% during the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after buying an additional 64,423 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of RH by 77.0% in the 2nd quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock valued at $31,462,000 after acquiring an additional 55,999 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of RH by 24.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 227,247 shares of the company’s stock valued at $55,548,000 after acquiring an additional 44,278 shares in the last quarter. Institutional investors 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.