Guggenheim Issues Positive Forecast for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its price target lifted by Guggenheim from $425.00 to $550.00 in a research note published on Friday,Benzinga reports. Guggenheim currently has a buy rating on the stock.

Several other research analysts also recently commented on RH. Robert W. Baird lifted their price target on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday. Morgan Stanley lifted their target price on shares of RH from $310.00 to $435.00 and gave the stock an “equal weight” rating in a research report on Friday. Loop Capital upped their price target on shares of RH from $230.00 to $320.00 and gave the company a “hold” rating in a research report on Monday, September 16th. Wedbush raised RH from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $310.00 to $430.00 in a research note on Monday, October 21st. Finally, TD Cowen raised their price target on RH from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Two investment 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. According to MarketBeat.com, RH has a consensus rating of “Hold” and a consensus target price of $377.07.

RH Stock Up 16.9 %

NYSE:RH opened at $445.92 on Friday. RH has a twelve month low of $212.43 and a twelve month high of $457.26. The stock has a market cap of $8.22 billion, a P/E ratio of 262.31, a PEG ratio of 2.44 and a beta of 2.44. The business’s 50-day moving average price is $345.55 and its two-hundred day moving average price is $296.23.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. During the same quarter last year, the business posted ($0.42) EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts expect that RH will post 5.63 EPS for the current fiscal year.

Insider Buying and Selling at RH

In other news, insider Stefan Duban sold 4,285 shares of RH stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the transaction, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. This trade represents a 98.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the completion of the sale, the director now owns 10,914 shares in the company, valued at $3,714,034.20. The trade was a 15.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,285 shares of company stock valued at $2,871,935. 28.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings 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 purchasing an additional 74 shares in the last quarter. Ridgewood Investments LLC bought a new position in RH during the 2nd quarter valued at about $62,000. Centaurus Financial Inc. bought a new stake in shares of RH in the third quarter worth approximately $100,000. Ameliora Wealth Management Ltd. purchased a new position in shares of RH during the third quarter valued at approximately $110,000. Finally, Quarry LP purchased a new stake in RH in the third quarter worth approximately $141,000. 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.