Guggenheim Forecasts Strong Price Appreciation for RH (NYSE:RH) Stock

RH (NYSE:RH) had its price objective lifted by analysts at Guggenheim from $425.00 to $550.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Guggenheim’s target price points to a potential upside of 23.31% from the stock’s previous close.

Several other brokerages have also recently issued reports on RH. TD Cowen upped their price target on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Robert W. Baird raised their target price on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday. Wells Fargo & Company lifted their target price on RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Telsey Advisory Group lifted their price objective on RH from $290.00 to $330.00 and gave the stock a “market perform” rating in a research note on Monday, December 9th. Finally, Barclays decreased their target price on shares of RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $377.07.

RH Stock Performance

NYSE RH opened at $446.04 on Friday. The firm’s fifty day moving average price is $347.81 and its two-hundred day moving average price is $297.56. The stock has a market cap of $8.23 billion, a PE ratio of 262.38, a PEG ratio of 2.44 and a beta of 2.44. RH has a fifty-two week low of $212.43 and a fifty-two week 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 negative return on equity of 11.29% and a net margin of 1.13%. The firm had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. During the same period in the previous year, the company earned ($0.42) EPS. RH’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts predict that RH will post 5.63 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the transaction, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 15.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of the company’s 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 completion of the sale, the insider now owns 78 shares in the company, valued at $27,016.86. This represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,285 shares of company stock worth $2,871,935. Company insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

Several institutional investors have recently bought and sold shares of RH. Inspire Trust Co. N.A. boosted its holdings in RH by 8.6% during the third quarter. Inspire Trust Co. N.A. now owns 5,065 shares of the company’s stock worth $1,694,000 after purchasing an additional 400 shares during the last quarter. Blankinship & Foster LLC purchased a new position in shares of RH in the 3rd quarter worth approximately $846,000. Sanctuary Advisors LLC grew its holdings in shares of RH by 55.6% in the third quarter. Sanctuary Advisors LLC now owns 3,755 shares of the company’s stock valued at $1,382,000 after acquiring an additional 1,341 shares in the last quarter. Virtu Financial LLC bought a new stake in RH during the third quarter worth $4,268,000. Finally, Invst LLC purchased a new position in RH in the third quarter worth $752,000. Institutional investors own 90.17% of the company’s stock.

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.