Analysts Set RH (NYSE:RH) Target Price at $326.14

RH (NYSE:RH) has been given a consensus rating of “Hold” by the sixteen analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $332.73.

RH has been the subject of a number of recent analyst reports. Bank of America upped their price target on shares of RH from $310.00 to $359.00 and gave the company a “buy” rating in a report on Friday, September 13th. TD Cowen upped their price objective on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Stifel Nicolaus raised their target price on RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Guggenheim reaffirmed a “buy” rating and set a $425.00 price target on shares of RH in a research report on Wednesday, December 4th. Finally, StockNews.com upgraded RH to a “sell” rating in a research report on Thursday, September 19th.

Insiders Place Their Bets

In other RH news, insider Edward T. Lee sold 2,000 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the transaction, the insider now owns 78 shares of the company’s stock, valued at $27,016.86. The trade was a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is owned by corporate insiders.

Institutional Trading of RH

Several institutional investors have recently bought and sold shares of the company. Texas Permanent School Fund Corp raised its stake in shares of RH by 25.3% in the second quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock worth $4,098,000 after purchasing an additional 3,387 shares during the last quarter. Lisanti Capital Growth LLC bought a new stake in RH in the 3rd quarter worth about $3,251,000. Diversified Trust Co purchased a new position in RH in the 2nd quarter worth about $793,000. BlackBarn Capital Partners LP lifted its stake in RH by 156.8% during the 2nd quarter. BlackBarn Capital Partners LP now owns 43,655 shares of the company’s stock valued at $10,671,000 after acquiring an additional 26,655 shares during the period. Finally, Cerity Partners LLC boosted its holdings in shares of RH by 139.7% during the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after acquiring an additional 1,506 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Trading Up 1.5 %

Shares of NYSE:RH opened at $376.10 on Wednesday. The stock has a market capitalization of $6.94 billion, a P/E ratio of 221.24, a price-to-earnings-growth ratio of 2.15 and a beta of 2.44. The stock’s 50-day moving average price is $341.02 and its 200-day moving average price is $292.94. RH has a 12-month low of $212.43 and a 12-month high of $398.22.

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. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. During the same period last year, the company earned $3.93 EPS. RH’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, research analysts predict that RH will post 5.63 EPS for the current year.

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.