Stifel Nicolaus Raises RH (NYSE:RH) Price Target to $375.00

RH (NYSE:RH) had its price target lifted by Stifel Nicolaus from $315.00 to $375.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. 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 research report on Monday, June 17th. Telsey Advisory Group reaffirmed a market perform rating and issued a $290.00 target price on shares of RH in a research note on Tuesday, September 10th. Robert W. Baird increased their target price on RH from $275.00 to $290.00 and gave the company a neutral rating in a report on Friday, September 13th. Loop Capital boosted their price target on RH from $230.00 to $320.00 and gave the stock a hold rating in a report on Monday. Finally, Bank of America increased their price objective on RH from $310.00 to $359.00 and gave the company a buy rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, RH currently has a consensus rating of Hold and an average price target of $322.54.

RH Price Performance

Shares of NYSE:RH opened at $348.92 on Monday. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 96.65, a price-to-earnings-growth ratio of 1.70 and a beta of 2.42. The business’s 50 day simple moving average is $270.63 and its 200-day simple moving average is $268.14. RH has a 12 month low of $207.26 and a 12 month high of $354.86.

RH (NYSE:RH) last posted its earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The company had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. During the same period in the previous year, the business earned $3.93 earnings per share. RH’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities analysts anticipate that RH will post 6.2 earnings per share for the current year.

Insider Activity at RH

In related news, CEO Gary G. Friedman purchased 34,200 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were bought at an average price of $215.00 per share, with a total value of $7,353,000.00. Following the completion of the purchase, the chief executive officer now directly owns 3,339,263 shares in the company, valued at approximately $717,941,545. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 28.10% of the stock is owned by insiders.

Institutional Trading of RH

Institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in RH by 10.3% during 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 acquiring an additional 62,198 shares during the period. Anomaly Capital Management LP lifted its stake in shares of RH by 503.6% in the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after purchasing an additional 291,368 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of RH by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock worth $66,239,000 after purchasing an additional 41,242 shares during the period. Allspring Global Investments Holdings LLC increased its position in RH by 24.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 227,247 shares of the company’s stock worth $55,548,000 after purchasing an additional 44,278 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in RH by 58.6% in the second 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 period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.