Analysts Set RH (NYSE:RH) Target Price at $402.40

Shares of RH (NYSE:RH) have been given a consensus recommendation of “Hold” by the sixteen research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $402.40.

Several equities research analysts recently issued reports on the company. Loop Capital lifted their price objective on RH from $320.00 to $450.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Guggenheim boosted their price objective on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, December 13th. BNP Paribas reaffirmed an “underperform” rating and issued a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Citigroup boosted their price target on shares of RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th.

RH Stock Up 2.6 %

Shares of NYSE RH opened at $405.46 on Friday. The business has a 50-day simple moving average of $368.52 and a two-hundred day simple moving average of $311.73. RH has a 52 week low of $212.43 and a 52 week high of $457.26. The company has a market cap of $7.54 billion, a P/E ratio of 116.51, a P/E/G ratio of 2.73 and a beta of 2.44.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 32.76%. The firm had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. During the same period in the prior year, the firm posted ($0.42) EPS. RH’s revenue was up 8.1% on a year-over-year basis. Equities research analysts anticipate that RH will post 5.63 EPS for the current year.

Insider Activity at RH

In other RH news, insider Edward T. Lee sold 2,000 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Keith Belling sold 500 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00. Following the sale, the director now owns 5,470 shares of the company’s stock, valued at approximately $2,270,050. This represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 28.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RH

A number of hedge funds and other institutional investors have recently made changes to their positions in RH. Texas Permanent School Fund Corp increased its position in RH by 25.3% during the 2nd quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock valued at $4,098,000 after purchasing an additional 3,387 shares during the period. Virtu Financial LLC purchased a new position in shares of RH during the third quarter valued at about $4,268,000. Lisanti Capital Growth LLC bought a new position in RH in the third quarter worth about $3,251,000. Invst LLC purchased a new stake in RH in the third quarter worth about $752,000. Finally, Cerity Partners LLC lifted its holdings in RH by 139.7% in the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock worth $864,000 after buying an additional 1,506 shares during the period. 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.