RH (NYSE:RH) PT Lowered to $320.00

RH (NYSE:RH) had its price objective decreased by equities researchers at Barclays from $340.00 to $320.00 in a report released on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential downside of 3.39% from the stock’s previous close.

RH has been the subject of a number of other reports. The Goldman Sachs Group cut their target price on shares of RH from $264.00 to $226.00 and set a “sell” rating for the company in a report on Monday, June 17th. Loop Capital upped their target price on shares of RH from $230.00 to $320.00 and gave the stock a “hold” rating in a research note on Monday. Morgan Stanley boosted their price target on RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday. Wedbush raised their price objective on RH from $250.00 to $310.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $290.00 target price on shares of RH in a report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $323.08.

RH Trading Up 2.9 %

RH traded up $9.35 during trading on Monday, hitting $331.22. 295,126 shares of the company’s stock traded hands, compared to its average volume of 733,440. RH has a 12-month low of $207.26 and a 12-month high of $354.86. The company’s 50 day simple moving average is $263.59 and its two-hundred day simple moving average is $266.33. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 92.26, a PEG ratio of 1.13 and a beta of 2.42.

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

Insider Activity

In other news, CEO Gary G. Friedman acquired 34,200 shares of RH stock in a transaction that occurred on Tuesday, June 25th. The stock was purchased at an average cost of $215.00 per share, with a total value of $7,353,000.00. Following the purchase, the chief executive officer now owns 3,339,263 shares in the company, valued at $717,941,545. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its position in RH by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock valued at $231,728,000 after purchasing an additional 62,198 shares during the period. Anomaly Capital Management LP grew its stake in shares of RH by 503.6% in the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after buying an additional 291,368 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of RH by 18.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after buying an additional 41,242 shares during the period. Allspring Global Investments Holdings LLC grew its position in RH by 24.2% in 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. Finally, Marshall Wace LLP lifted its position 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 purchasing an additional 64,423 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other 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.