Loop Capital Forecasts Strong Price Appreciation for RH (NYSE:RH) Stock

RH (NYSE:RH) had its target price boosted by Loop Capital from $320.00 to $450.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Loop Capital’s target price suggests a potential upside of 9.29% from the stock’s current price.

Several other analysts have also recently commented on the company. Telsey Advisory Group increased their target price on RH from $290.00 to $330.00 and gave the stock a “market perform” rating in a report on Monday, December 9th. 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. Barclays cut their target price on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $420.00 price objective (up from $375.00) on shares of RH in a research note on Monday, December 9th. Finally, Bank of America upped their price objective on RH from $310.00 to $359.00 and gave the company a “buy” rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $391.07.

RH Trading Down 0.8 %

RH stock opened at $411.74 on Monday. The business’s 50 day moving average is $349.56 and its 200-day moving average is $299.26. The firm has a market cap of $7.66 billion, a P/E ratio of 119.15, a P/E/G ratio of 2.73 and a beta of 2.44. RH has a 1-year low of $212.43 and a 1-year high of $457.26.

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 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 analyst estimates of $812.19 million. During the same quarter last year, the firm earned ($0.42) earnings per share. RH’s quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts forecast that RH will post 5.63 EPS for the current year.

Insider Activity at RH

In other RH news, insider Edward T. Lee sold 2,000 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $1,484,195.45. Following the sale, the insider now owns 78 shares in the company, valued at approximately $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. 28.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. 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 buying an additional 400 shares during the period. Blankinship & Foster LLC acquired a new stake in shares of RH in the 3rd quarter valued at about $846,000. Sanctuary Advisors LLC raised its stake in RH by 55.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,755 shares of the company’s stock worth $1,382,000 after buying an additional 1,341 shares during the period. Virtu Financial LLC bought a new position in shares of RH in the 3rd quarter worth $4,268,000. Finally, Invst LLC acquired a new stake in RH in the 3rd quarter valued at $752,000. 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.