Morgan Stanley Raises RH (NYSE:RH) Price Target to $310.00

RH (NYSE:RH) had its price target upped by Morgan Stanley from $300.00 to $310.00 in a research report released on Friday, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also weighed in on the company. Loop Capital lowered their target price on RH from $350.00 to $230.00 and set a hold rating on the stock in a research report on Monday, June 17th. Robert W. Baird dropped their price objective on shares of RH from $300.00 to $275.00 and set a neutral rating on the stock in a research note on Friday, June 14th. Wedbush reduced their price objective on shares of RH from $320.00 to $250.00 and set a neutral rating for the company in a report on Friday, June 14th. StockNews.com upgraded shares of RH to a sell rating in a report on Friday, June 21st. Finally, BNP Paribas upgraded RH to a hold rating in a research note on Friday, June 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, RH has an average rating of Hold and an average target price of $322.54.

RH Stock Up 2.5 %

Shares of NYSE RH opened at $329.99 on Friday. The firm has a market cap of $6.09 billion, a PE ratio of 91.41, a P/E/G ratio of 1.13 and a beta of 2.42. The company’s fifty day simple moving average is $265.34 and its 200 day simple moving average is $266.73. RH has a 12-month low of $207.26 and a 12-month high of $354.86.

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

Insider Buying and Selling

In related news, CEO Gary G. Friedman acquired 34,200 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was acquired at an average price of $215.00 per share, for a total transaction of $7,353,000.00. Following the completion of the acquisition, 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 can be accessed through this hyperlink. 28.10% of the stock is owned by insiders.

Institutional Investors Weigh In On RH

Large investors have recently modified their holdings of the stock. Creekmur Asset Management LLC purchased a new position in RH in the fourth quarter valued at approximately $25,000. Quest Partners LLC bought a new stake in shares of RH in the fourth quarter valued at $37,000. Hollencrest Capital Management purchased a new position in shares of RH during the 1st quarter valued at $47,000. Ridgewood Investments LLC bought a new position in shares of RH during the 2nd quarter worth $62,000. Finally, Tradition Wealth Management LLC increased its holdings in RH by 14.8% in 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 last quarter. Hedge funds and other 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.