Loop Capital Raises RH (NYSE:RH) Price Target to $320.00

RH (NYSE:RH) had its price objective raised by Loop Capital from $230.00 to $320.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have a hold rating on the stock.

A number of other equities research analysts have also recently issued reports on RH. Stifel Nicolaus began coverage on RH in a research report on Tuesday, July 9th. They issued a buy rating and a $315.00 price target on the stock. Robert W. Baird raised 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. StockNews.com upgraded RH to a sell rating in a report on Friday, June 21st. Wedbush raised their price objective on shares of RH from $250.00 to $310.00 and gave the stock a neutral rating in a research note on Friday, September 13th. Finally, BNP Paribas raised shares of RH to a hold rating in a research report on Friday, June 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $322.54.

RH Trading Up 1.3 %

Shares of RH stock opened at $335.15 on Monday. The company has a market cap of $6.18 billion, a P/E ratio of 92.84, a P/E/G ratio of 1.13 and a beta of 2.42. RH has a 1 year low of $207.26 and a 1 year high of $354.86. The stock has a 50-day moving average price of $268.99 and a 200 day moving average price of $267.58.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. RH had a negative return on equity of 10.63% and a net margin of 1.13%. The company had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. During the same period last year, the business earned $3.93 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. On average, equities analysts forecast that RH will post 7.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Gary G. Friedman bought 34,200 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was bought at an average price of $215.00 per share, for a total transaction of $7,353,000.00. Following the completion of the purchase, the chief executive officer now owns 3,339,263 shares of the company’s stock, valued at approximately $717,941,545. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 28.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RH

Institutional investors have recently modified their holdings of the stock. Creekmur Asset Management LLC bought a new stake in RH during the 4th quarter worth about $25,000. Quest Partners LLC bought a new stake in shares of RH during the fourth quarter worth approximately $37,000. Hollencrest Capital Management acquired a new position in RH in the first quarter valued at approximately $47,000. Ridgewood Investments LLC bought a new position in RH in the second quarter valued at approximately $62,000. Finally, Tradition Wealth Management LLC grew its holdings in RH by 14.8% during the 4th quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after acquiring an additional 45 shares during the period. 90.17% of the stock is owned by 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.