RH (NYSE:RH) PT Lowered to $338.00

RH (NYSE:RH) had its price objective decreased by JPMorgan Chase & Co. from $345.00 to $338.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 0.44% from the stock’s current price.

RH has been the subject of a number of other reports. Stifel Nicolaus lifted their price target on shares of RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday. Bank of America boosted their price objective on shares of RH from $310.00 to $359.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley boosted their price objective on shares of RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Friday. Telsey Advisory Group restated a “market perform” rating and set a $290.00 target price on shares of RH in a research note on Tuesday, September 10th. Finally, Citigroup increased their price target on shares of RH from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $322.54.

RH Stock Up 5.5 %

NYSE:RH traded up $17.63 during midday trading on Monday, hitting $339.50. The company had a trading volume of 1,140,266 shares, compared to its average volume of 737,910. The stock’s fifty day moving average price is $263.59 and its 200-day moving average price is $266.33. The company has a market capitalization of $6.26 billion, a PE ratio of 94.04, a P/E/G ratio of 1.13 and a beta of 2.42. RH has a 52-week low of $207.26 and a 52-week high of $354.86.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The firm had revenue of $829.66 million for the quarter, compared to analysts’ expectations of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 10.63%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.93 earnings per share. As a group, research analysts forecast that RH will post 7.29 earnings per share for the current year.

Insider Buying and Selling at RH

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

Institutional Investors Weigh In On RH

A number of hedge funds and other institutional investors have recently bought and sold shares of RH. Creekmur Asset Management LLC acquired a new position in shares of RH in the 4th quarter valued at $25,000. Quest Partners LLC acquired a new position in shares of RH during the 4th quarter worth about $37,000. Hollencrest Capital Management acquired a new stake in shares of RH in the 1st quarter valued at approximately $47,000. Ridgewood Investments LLC bought a new stake in shares of RH in the 2nd quarter valued at about $62,000. Finally, Tradition Wealth Management LLC increased its holdings in shares of RH by 14.8% during the 4th quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after acquiring an additional 45 shares during the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

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.