JPMorgan Chase & Co. Trims RH (NYSE:RH) Target Price to $338.00

RH (NYSE:RH) had its price objective decreased by JPMorgan Chase & Co. from $345.00 to $338.00 in a research report released on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities analysts have also weighed in on the stock. Wedbush lifted their price target on shares of RH from $250.00 to $310.00 and gave the company a neutral rating in a report on Friday, September 13th. Bank of America boosted their price target on RH from $310.00 to $359.00 and gave the company a buy rating in a research report on Friday, September 13th. Telsey Advisory Group restated a market perform rating and issued a $290.00 price objective on shares of RH in a report on Tuesday, September 10th. Loop Capital lifted their price objective on RH from $230.00 to $320.00 and gave the company a hold rating in a research note on Monday. Finally, Robert W. Baird increased their target price on shares of RH from $275.00 to $290.00 and gave the stock a neutral rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, RH has an average rating of Hold and an average price target of $322.54.

RH Trading Up 1.3 %

RH stock opened at $335.15 on Monday. The stock has a fifty day moving average price of $268.99 and a 200 day moving average price of $267.58. RH has a 52 week low of $207.26 and a 52 week high of $354.86. The firm has a market capitalization of $6.18 billion, a P/E ratio of 92.84, a PEG ratio of 1.13 and a beta of 2.42.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 10.63%. The company had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. During the same quarter in the prior year, the company posted $3.93 EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts predict that RH will post 7.29 EPS for the current year.

Insiders Place Their Bets

In other RH news, CEO Gary G. Friedman bought 34,200 shares of the stock in a transaction dated Tuesday, June 25th. The stock was bought at an average cost of $215.00 per share, for a total transaction of $7,353,000.00. Following the completion of the purchase, the chief executive officer now directly owns 3,339,263 shares of the company’s stock, valued at $717,941,545. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 28.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RH

Institutional investors and hedge funds have recently made changes to their positions in the business. Texas Permanent School Fund Corp raised its stake in shares of RH by 25.3% in 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 in the last quarter. Findell Capital Management LLC acquired a new stake in RH during the fourth quarter valued at approximately $5,247,000. First Hawaiian Bank lifted its holdings in RH by 116.2% during the 2nd quarter. First Hawaiian Bank now owns 5,718 shares of the company’s stock worth $1,398,000 after buying an additional 3,073 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of RH in the 1st quarter worth approximately $2,200,000. Finally, Artemis Investment Management LLP bought a new stake in shares of RH in the 1st quarter valued at approximately $4,637,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

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.