Analysts Set RH (NYSE:RH) Price Target at $310.46

RH (NYSE:RH) has been given an average rating of “Hold” by the sixteen research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $310.79.

RH has been the subject of several recent analyst reports. Loop Capital cut their price objective on RH from $350.00 to $230.00 and set a “hold” rating for the company in a report on Monday, June 17th. Wedbush cut their price objective on RH from $320.00 to $250.00 and set a “neutral” rating for the company in a report on Friday, June 14th. Wells Fargo & Company cut their price objective on RH from $360.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, June 14th. JPMorgan Chase & Co. increased their price target on RH from $329.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Finally, Bank of America dropped their price target on RH from $375.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, June 14th.

RH Stock Up 8.8 %

NYSE:RH opened at $266.92 on Friday. RH has a twelve month low of $207.26 and a twelve month high of $406.38. The business has a 50 day moving average price of $258.33 and a two-hundred day moving average price of $267.59. The company has a market cap of $4.92 billion, a P/E ratio of 73.94, a price-to-earnings-growth ratio of 0.90 and a beta of 2.42.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, June 13th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.32). The company had revenue of $726.96 million during the quarter, compared to analyst estimates of $725.15 million. RH had a net margin of 2.72% and a negative return on equity of 29.15%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.21 EPS. As a group, analysts anticipate that RH will post 8.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other RH news, insider Eri Chaya sold 100,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $279.92, for a total transaction of $27,992,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Gary G. Friedman bought 34,200 shares of RH stock in a transaction dated Tuesday, June 25th. The shares were bought at an average cost of $215.00 per share, with a total value of $7,353,000.00. Following 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eri Chaya sold 100,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $279.92, for a total value of $27,992,000.00. The disclosure for this sale can be found here. Company insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Several large investors have recently bought and sold shares of the business. Janus Henderson Group PLC boosted its stake in RH by 0.4% in the first quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock valued at $2,986,000 after buying an additional 38 shares in the last quarter. Insight Advisors LLC PA boosted its stake in RH by 2.8% in the first 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 in the last quarter. Tradition Wealth Management LLC boosted its stake in RH by 14.8% in the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock valued at $102,000 after buying an additional 45 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in RH by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company’s stock valued at $4,659,000 after buying an additional 47 shares in the last quarter. Finally, New York Life Investment Management LLC boosted its stake in RH by 4.1% in the fourth quarter. New York Life Investment Management LLC now owns 1,703 shares of the company’s stock valued at $496,000 after buying an additional 67 shares in the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

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.