RH (NYSE:RH) PT Raised to $340.00

RH (NYSE:RHGet Free Report) had its price target lifted by stock analysts at Barclays from $293.00 to $340.00 in a research report issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 9.49% from the company’s previous close.

Several other research firms have also commented on RH. StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a report on Wednesday, December 13th. Bank of America cut their price target on shares of RH from $345.00 to $309.00 and set a “buy” rating on the stock in a report on Friday, December 8th. Morgan Stanley cut their price target on shares of RH from $340.00 to $290.00 and set an “equal weight” rating on the stock in a report on Friday, December 8th. Wells Fargo & Company raised their price target on shares of RH from $350.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, Oppenheimer restated a “market perform” rating on shares of RH in a report on Monday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, RH has an average rating of “Hold” and an average price target of $332.15.

Read Our Latest Stock Analysis on RH

RH Stock Performance

RH opened at $310.53 on Monday. The company’s 50 day simple moving average is $277.48 and its 200 day simple moving average is $268.60. RH has a 1 year low of $207.26 and a 1 year high of $406.38. The stock has a market capitalization of $5.71 billion, a PE ratio of 55.75, a P/E/G ratio of 3.51 and a beta of 2.46.

RH (NYSE:RHGet Free Report) last released its earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.99). RH had a return on equity of 199.51% and a net margin of 4.21%. The company had revenue of $738.26 million during the quarter, compared to analyst estimates of $777.50 million. During the same period in the prior year, the business posted $2.88 earnings per share. RH’s revenue was down 4.4% on a year-over-year basis. As a group, sell-side analysts expect that RH will post 11.8 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Edward T. Lee sold 2,624 shares of RH stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $264.50, for a total value of $694,048.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 23.90% of the company’s stock.

Institutional Trading of RH

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Creekmur Asset Management LLC bought a new stake in shares of RH in the fourth quarter worth $25,000. Findell Capital Management LLC acquired a new position in RH in the fourth quarter worth $5,247,000. FIL Ltd boosted its holdings in RH by 12,893.3% in the fourth quarter. FIL Ltd now owns 3,898 shares of the company’s stock worth $1,136,000 after purchasing an additional 3,868 shares during the period. Systematic Portfolios LLC acquired a new position in RH in the fourth quarter worth $242,000. Finally, Nuveen Asset Management LLC boosted its holdings in RH by 111.1% in the fourth quarter. Nuveen Asset Management LLC now owns 93,771 shares of the company’s stock worth $27,332,000 after purchasing an additional 49,342 shares during the period. Institutional investors own 90.17% of the company’s stock.

RH Company Profile

(Get Free Report)

RH, together with its subsidiaries, operates as a retailer in the home furnishings and operates under RH Galleries and RH brand names in the District of Columbia and Canada, as well as Waterworks showrooms throughout the United States and the United Kingdom. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings.

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Analyst Recommendations for RH (NYSE:RH)

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