Analysts Set RH (NYSE:RH) Target Price at $331.77

RH (NYSE:RH) has received a consensus rating of “Hold” from the fifteen brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $331.77.

RH has been the topic of a number of recent research reports. TD Cowen upped their target price on RH from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Morgan Stanley upped their target price on RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Robert W. Baird upped their target price on RH from $275.00 to $290.00 and gave the company a “neutral” rating in a research report on Friday, September 13th. Loop Capital upped their price objective on RH from $230.00 to $320.00 and gave the stock a “hold” rating in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. lowered their price objective on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th.

RH Stock Down 1.0 %

RH opened at $329.76 on Friday. The firm’s 50-day moving average price is $317.43 and its 200-day moving average price is $281.10. The company has a market cap of $6.08 billion, a P/E ratio of 197.95, a price-to-earnings-growth ratio of 1.88 and a beta of 2.43. RH has a 52-week low of $212.43 and a 52-week high of $367.00.

RH (NYSE:RH) last issued its earnings results on Thursday, September 12th. The company reported $1.69 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 analyst estimates of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. RH’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.93 earnings per share. On average, research analysts anticipate that RH will post 5.67 EPS for the current fiscal year.

Insider Activity

In other news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the transaction, the director now owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 value of $1,484,195.45. Following the completion of the transaction, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total value of $680,600.00. Following the completion of the transaction, the director now directly owns 10,914 shares of the company’s stock, valued at approximately $3,714,034.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,285 shares of company stock worth $2,871,935 in the last quarter. Corporate insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RH. Blue Trust Inc. increased its stake in shares of RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after acquiring an additional 74 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in shares of RH during the 2nd quarter worth about $62,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of RH during the 3rd quarter worth about $110,000. KBC Group NV increased its position in shares of RH by 25.8% during the 3rd quarter. KBC Group NV now owns 454 shares of the company’s stock worth $152,000 after purchasing an additional 93 shares during the last quarter. Finally, CWM LLC increased its position in shares of RH by 47.2% during the 3rd quarter. CWM LLC now owns 468 shares of the company’s stock worth $157,000 after purchasing an additional 150 shares during the last quarter. 90.17% of the stock is 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.