Analysts Set RH (NYSE:RH) Target Price at $402.40

Shares of RH (NYSE:RH) have been given a consensus recommendation of “Hold” by the sixteen research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $402.40.

RH has been the topic of several recent research reports. BNP Paribas restated an “underperform” rating and issued a $253.00 price target on shares of RH in a research note on Wednesday, November 13th. StockNews.com cut RH from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Barclays lowered their price target on RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Wells Fargo & Company increased their price objective on shares of RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, Loop Capital lifted their target price on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a report on Monday, December 16th.

RH Trading Up 2.6 %

Shares of RH stock opened at $405.46 on Friday. The company’s fifty day moving average price is $368.52 and its 200-day moving average price is $311.73. The stock has a market cap of $7.54 billion, a PE ratio of 116.51, a price-to-earnings-growth ratio of 2.73 and a beta of 2.44. RH has a 12 month low of $212.43 and a 12 month high of $457.26.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.19). The business had revenue of $811.73 million for 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 company’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.42) EPS. On average, sell-side analysts forecast that RH will post 5.63 earnings per share for the current fiscal year.

Insider Activity at RH

In other RH news, Director Keith Belling sold 500 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00. Following the completion of the sale, the director now directly owns 5,470 shares in the company, valued at $2,270,050. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edward T. Lee sold 2,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The disclosure for this sale can be found here. 28.10% of the stock is owned by insiders.

Institutional Investors Weigh In On RH

Hedge funds and other institutional investors have recently modified their holdings of the stock. Texas Permanent School Fund Corp lifted its position in RH by 25.3% during the second 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. Virtu Financial LLC bought a new position in shares of RH in the third quarter worth about $4,268,000. Lisanti Capital Growth LLC purchased a new position in shares of RH during the 3rd quarter valued at about $3,251,000. Invst LLC purchased a new position in shares of RH during the 3rd quarter valued at about $752,000. Finally, Cerity Partners LLC grew its stake 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 period. 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.