RH (NYSE:RH) Price Target Raised to $500.00 at Stifel Nicolaus

RH (NYSE:RH) had its price target upped by Stifel Nicolaus from $420.00 to $500.00 in a report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on RH. BNP Paribas restated an “underperform” rating and set a $253.00 price objective on shares of RH in a research note on Wednesday, November 13th. Telsey Advisory Group increased their price target on shares of RH from $290.00 to $330.00 and gave the company a “market perform” rating in a research report on Monday, December 9th. Robert W. Baird lifted their price objective on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Wedbush reissued an “outperform” rating and set a $500.00 target price (up previously from $430.00) on shares of RH in a research report on Friday, December 13th. Finally, Citigroup raised their target price on shares of RH from $340.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, RH currently has an average rating of “Hold” and an average target price of $391.07.

RH Stock Performance

NYSE:RH opened at $396.39 on Monday. The firm has a 50-day simple moving average of $352.97 and a 200-day simple moving average of $300.92. RH has a one year low of $212.43 and a one year high of $457.26. The firm has a market cap of $7.37 billion, a P/E ratio of 113.91, 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 analysts’ consensus estimates of $2.67 by ($0.19). The business had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. RH had a negative return on equity of 32.76% and a net margin of 2.25%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned ($0.42) EPS. On average, research analysts predict that RH will post 5.63 EPS for the current fiscal year.

Insider Buying and Selling at RH

In other news, insider Edward T. Lee sold 2,000 shares of the company’s stock in a transaction on 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 filing with the SEC, which can be accessed through the SEC website. Company insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Inspire Trust Co. N.A. raised its stake in shares of RH by 8.6% during the 3rd quarter. Inspire Trust Co. N.A. now owns 5,065 shares of the company’s stock valued at $1,694,000 after buying an additional 400 shares during the last quarter. Blankinship & Foster LLC acquired a new stake in RH during the third quarter worth about $846,000. Sanctuary Advisors LLC raised its position in RH by 55.6% during the third quarter. Sanctuary Advisors LLC now owns 3,755 shares of the company’s stock valued at $1,382,000 after acquiring an additional 1,341 shares in the last quarter. Virtu Financial LLC purchased a new position in RH during the third quarter valued at approximately $4,268,000. Finally, Invst LLC acquired a new position in RH in the third quarter valued at approximately $752,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.