RH (NYSE:RH) Price Target Raised to $230.00

RH (NYSE:RH) had its target price upped by Robert W. Baird from $215.00 to $230.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

RH has been the subject of a number of other research reports. Guggenheim lowered their price target on RH from $500.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Wells Fargo & Company reissued an “overweight” rating and set a $250.00 price target (down previously from $300.00) on shares of RH in a research report on Monday, June 9th. The Goldman Sachs Group lowered their price target on RH from $276.00 to $194.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. Telsey Advisory Group lowered their price target on RH from $280.00 to $255.00 and set an “outperform” rating for the company in a research report on Monday, June 9th. Finally, Bank of America boosted their price target on RH from $144.00 to $172.00 and gave the company an “underperform” rating in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $272.50.

RH Trading Up 3.6%

RH stock opened at $189.33 on Monday. The firm has a market capitalization of $3.55 billion, a P/E ratio of 45.08, a PEG ratio of 0.52 and a beta of 2.19. The stock has a fifty day moving average price of $185.05 and a 200 day moving average price of $289.68. RH has a 52 week low of $123.03 and a 52 week high of $457.26.

RH (NYSE:RH) last released its earnings results on Thursday, June 12th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.20. RH had a negative return on equity of 67.71% and a net margin of 2.57%. The firm had revenue of $813.95 million during the quarter, compared to analyst estimates of $817.66 million. During the same period in the prior year, the firm posted ($0.40) earnings per share. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts predict that RH will post 4.39 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RH. AlphaQuest LLC acquired a new position in shares of RH in the first quarter worth about $29,000. Sunbelt Securities Inc. lifted its stake in shares of RH by 690.0% in the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock worth $31,000 after acquiring an additional 69 shares in the last quarter. Rakuten Securities Inc. lifted its stake in shares of RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock worth $44,000 after acquiring an additional 72 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of RH by 146.1% in the first quarter. GAMMA Investing LLC now owns 187 shares of the company’s stock worth $44,000 after acquiring an additional 111 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of RH in the first quarter worth about $45,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

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.