Stifel Nicolaus Forecasts Strong Price Appreciation for RH (NYSE:RH) Stock

RH (NYSE:RH) had its price target raised by analysts at Stifel Nicolaus from $420.00 to $500.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 21.44% from the stock’s current price.

RH has been the subject of a number of other research reports. Wells Fargo & Company upped their price objective on RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Loop Capital lifted their price target on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research report on Monday. Bank of America lifted their target price on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a report on Friday, September 13th. BNP Paribas reaffirmed an “underperform” rating and set a $253.00 price objective on shares of RH in a research note on Wednesday, November 13th. Finally, Barclays lowered their target price on shares of RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, RH currently has an average rating of “Hold” and a consensus target price of $391.07.

RH Stock Down 0.8 %

NYSE:RH opened at $411.74 on Monday. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 119.15, a PEG ratio of 2.73 and a beta of 2.44. RH has a 52 week low of $212.43 and a 52 week high of $457.26. The company’s 50 day moving average price is $349.56 and its 200-day moving average price is $299.26.

RH (NYSE:RH) last posted 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 firm had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 32.76%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.42) EPS. As a group, sell-side analysts anticipate that RH will post 5.63 earnings per share for the current year.

Insider Activity

In other RH news, insider Stefan Duban sold 4,285 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 78 shares in the company, valued at approximately $27,016.86. This represents a 98.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. Corporate insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Hedge funds have recently made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after acquiring an additional 74 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of RH in the 2nd quarter valued at $62,000. Centaurus Financial Inc. acquired a new stake in shares of RH during the third quarter worth about $100,000. Ameliora Wealth Management Ltd. purchased a new position in shares of RH during the third quarter worth about $110,000. Finally, Quarry LP acquired a new position in RH in the 3rd quarter valued at about $141,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

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.