RH (NYSE:RH) Stock Price Expected to Rise, Morgan Stanley Analyst Says

RH (NYSE:RH) had its target price raised by investment analysts at Morgan Stanley from $310.00 to $435.00 in a report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential downside of 2.48% from the stock’s previous close.

A number of other research firms have also recently weighed in on RH. Robert W. Baird raised their price target on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday. Loop Capital raised their target price on RH from $230.00 to $320.00 and gave the stock a “hold” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. lowered their price target on RH from $345.00 to $338.00 and set an “overweight” rating for the company in a report on Monday, September 16th. TD Cowen increased their price target on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, Guggenheim restated a “buy” rating and issued a $425.00 target price on shares of RH in a report on Wednesday, December 4th. 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $377.07.

RH Stock Performance

Shares of RH opened at $446.04 on Friday. RH has a 1 year low of $212.43 and a 1 year high of $457.26. The stock has a market capitalization of $8.23 billion, a PE ratio of 262.38, a PEG ratio of 2.44 and a beta of 2.44. The stock has a 50-day simple moving average of $347.81 and a 200-day simple moving average of $297.56.

RH (NYSE:RH) last issued its quarterly 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 analysts’ expectations of $812.19 million. During the same quarter in the prior year, the firm earned ($0.42) EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. Analysts predict that RH will post 5.63 EPS for the current year.

Insider Buying and Selling at RH

In related news, insider Stefan Duban sold 4,285 shares of the stock in a transaction on 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 directly owns 78 shares of the company’s stock, valued at $27,016.86. This trade represents a 98.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Edward T. Lee sold 2,000 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC acquired a new position in RH during the 2nd quarter worth approximately $220,000. Raymond James & Associates grew its holdings in RH by 28.1% during the second quarter. Raymond James & Associates now owns 12,864 shares of the company’s stock worth $3,144,000 after acquiring an additional 2,820 shares during the period. Nisa Investment Advisors LLC raised its position in RH by 16.3% in the second quarter. Nisa Investment Advisors LLC now owns 712 shares of the company’s stock worth $174,000 after acquiring an additional 100 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of RH in the second quarter valued at about $1,837,000. Finally, Xcel Wealth Management LLC boosted its holdings in RH by 10.1% during the second quarter. Xcel Wealth Management LLC now owns 122,938 shares of the company’s stock worth $30,051,000 after buying an additional 11,317 shares in the last quarter. 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.