RH (NYSE:RH) Price Target Increased to $310.00 by Analysts at Wedbush

RH (NYSE:RH) had its price target lifted by Wedbush from $250.00 to $310.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Wedbush’s price target suggests a potential upside of 20.82% from the company’s previous close.

Several other analysts have also commented on RH. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $290.00 price target on shares of RH in a research note on Tuesday. TD Cowen reduced their target price on shares of RH from $350.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, June 14th. Loop Capital dropped their target price on shares of RH from $350.00 to $230.00 and set a “hold” rating for the company in a research report on Monday, June 17th. Robert W. Baird boosted their price target on shares of RH from $275.00 to $290.00 and gave the company a “neutral” rating in a research report on Friday. Finally, The Goldman Sachs Group decreased their price objective on shares of RH from $264.00 to $226.00 and set a “sell” rating on the stock in a research note on Monday, June 17th. 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 stock. Based on data from MarketBeat.com, RH presently has a consensus rating of “Hold” and a consensus price target of $301.33.

RH Price Performance

Shares of RH stock opened at $256.57 on Friday. The company’s fifty day moving average price is $261.91 and its two-hundred day moving average price is $265.85. The firm has a market capitalization of $4.73 billion, a PE ratio of 71.07, a price-to-earnings-growth ratio of 1.08 and a beta of 2.42. RH has a 52-week low of $207.26 and a 52-week high of $354.86.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.13. The firm had revenue of $829.66 million during the quarter, compared to analyst estimates of $824.52 million. RH had a net margin of 2.72% and a negative return on equity of 29.15%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.93 earnings per share. Analysts predict that RH will post 7.29 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Gary G. Friedman bought 34,200 shares of the company’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 transaction, the chief executive officer now directly owns 3,339,263 shares in the company, valued at approximately $717,941,545. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 28.10% of the stock is owned by insiders.

Institutional Trading of RH

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in RH during the 2nd quarter worth $601,000. Creative Planning grew its stake in shares of RH by 4.2% during the second quarter. Creative Planning now owns 2,426 shares of the company’s stock worth $593,000 after purchasing an additional 97 shares during the period. Smith Thornton Advisors LLC bought a new stake in RH in the second quarter valued at about $283,000. BlackBarn Capital Partners LP lifted its stake in RH by 156.8% in the second quarter. BlackBarn Capital Partners LP now owns 43,655 shares of the company’s stock valued at $10,671,000 after buying an additional 26,655 shares during the period. Finally, Point72 DIFC Ltd bought a new position in RH during the second quarter worth about $1,289,000. 90.17% of the stock is owned by institutional investors.

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.