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

RH (NYSE:RH) had its price objective increased by Wells Fargo & Company from $425.00 to $500.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other brokerages have also recently issued reports on RH. Bank of America lifted their target price on RH from $310.00 to $359.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Wedbush upgraded shares of RH from a “neutral” rating to an “outperform” rating and increased their target price for the company from $310.00 to $430.00 in a report on Monday, October 21st. Stifel Nicolaus restated a “buy” rating and set a $420.00 price target (up from $375.00) on shares of RH in a report on Monday, December 9th. Guggenheim lifted their target price on shares of RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Barclays lowered their target price on RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, RH has an average rating of “Hold” and an average price target of $377.07.

RH Stock Performance

RH stock opened at $445.92 on Friday. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26. The stock’s 50 day simple moving average is $345.55 and its 200 day simple moving average is $296.23. The company has a market cap of $8.22 billion, a P/E ratio of 262.31, a price-to-earnings-growth ratio of 2.44 and a beta of 2.44.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). The business had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.42) EPS. Equities analysts predict that RH will post 5.63 earnings per share for the current year.

Insider Buying and Selling at RH

In other news, insider Stefan Duban sold 4,285 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 10,914 shares of the company’s stock, valued at $3,714,034.20. The trade was a 15.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock valued at $2,871,935 in the last three months. Company insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Anomaly Capital Management LP boosted its holdings in RH by 503.6% during the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after acquiring an additional 291,368 shares during the period. Two Sigma Advisers LP increased its stake in shares of RH by 141.5% in 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 period. Marshall Wace LLP raised its holdings in RH by 58.6% during the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock valued at $42,612,000 after buying an additional 64,423 shares during the last quarter. Victory Capital Management Inc. boosted its position in RH by 77.0% during the 2nd quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock valued at $31,462,000 after buying an additional 55,999 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in shares of RH by 24.2% in the second 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 during the period. 90.17% of the stock is owned by hedge funds and other institutional investors.

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.