RH (NYSE:RH) Price Target Raised to $450.00

RH (NYSE:RH) had its price target increased by Loop Capital from $320.00 to $450.00 in a research report sent to investors on Monday,Benzinga reports. Loop Capital currently has a hold rating on the stock.

Several other equities research analysts have also recently issued reports on RH. Morgan Stanley boosted their target price on RH from $310.00 to $435.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Guggenheim upped their price objective on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, December 13th. BNP Paribas reissued an “underperform” rating and issued a $253.00 target price on shares of RH in a report on Wednesday, November 13th. Wells Fargo & Company upped their price target on shares of RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, TD Cowen lifted their price objective on shares of RH from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $391.07.

RH Price Performance

RH stock opened at $396.39 on Monday. RH has a 1-year low of $212.43 and a 1-year high of $457.26. The business has a 50 day simple moving average of $352.97 and a two-hundred day simple moving average of $300.92. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of 113.91, a PEG ratio of 2.73 and a beta of 2.44.

RH (NYSE:RH) last issued its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The company had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. RH had a negative return on equity of 32.76% and a net margin of 2.25%. RH’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.42) EPS. Sell-side analysts anticipate that RH will post 5.63 EPS for the current fiscal year.

Insider Transactions at RH

In other RH news, insider Edward T. Lee sold 2,000 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

Institutional investors have recently modified their holdings of the stock. Blue Trust Inc. increased its stake in shares of RH by 308.3% during the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after buying an additional 74 shares during the period. Ridgewood Investments LLC bought a new position in RH during the 2nd quarter worth about $62,000. Centaurus Financial Inc. purchased a new position in RH during the 3rd quarter valued at about $100,000. Ameliora Wealth Management Ltd. bought a new stake in shares of RH in the 3rd quarter valued at about $110,000. Finally, Quarry LP purchased a new stake in shares of RH in the 3rd quarter worth approximately $141,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

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.