RH (NYSE:RH) Price Target Raised to $300.00 at Robert W. Baird

RH (NYSE:RH) had its price target boosted by Robert W. Baird from $280.00 to $300.00 in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

RH has been the subject of a number of other reports. Morgan Stanley lowered their price target on shares of RH from $340.00 to $290.00 and set an equal weight rating for the company in a report on Friday, December 8th. Telsey Advisory Group restated a market perform rating and set a $335.00 target price (up from $285.00) on shares of RH in a research note on Tuesday. Barclays boosted their price target on RH from $256.00 to $293.00 and gave the stock an equal weight rating in a research note on Friday, December 8th. TD Cowen dropped their price objective on RH from $350.00 to $325.00 and set an outperform rating on the stock in a report on Friday, December 8th. Finally, Bank of America reduced their target price on RH from $345.00 to $309.00 and set a buy rating for the company in a research note on Friday, December 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average target price of $322.07.

RH Trading Up 17.2 %

Shares of RH stock opened at $347.99 on Thursday. RH has a twelve month low of $207.26 and a twelve month high of $406.38. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of 62.48, a price-to-earnings-growth ratio of 2.99 and a beta of 2.43. The company has a fifty day moving average price of $273.49 and a 200 day moving average price of $268.20.

RH (NYSE:RH) last issued its earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.99). The company had revenue of $738.26 million during the quarter, compared to analysts’ expectations of $777.50 million. RH had a return on equity of 199.51% and a net margin of 4.21%. RH’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.88 EPS. Analysts forecast that RH will post 11.8 earnings per share for the current year.

Insider Buying and Selling at RH

In other news, insider Edward T. Lee sold 2,624 shares of the firm’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $264.50, for a total value of $694,048.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 23.90% of the stock is owned by insiders.

Institutional Investors Weigh In On RH

Several large investors have recently added to or reduced their stakes in the stock. Morgan Stanley grew its position in shares of RH by 145.6% during the fourth quarter. Morgan Stanley now owns 594,574 shares of the company’s stock worth $158,864,000 after acquiring an additional 352,456 shares during the last quarter. Durable Capital Partners LP increased its stake in shares of RH by 187.3% in the second quarter. Durable Capital Partners LP now owns 491,640 shares of the company’s stock valued at $162,040,000 after purchasing an additional 320,538 shares during the period. FMR LLC raised its holdings in shares of RH by 11.5% during the third quarter. FMR LLC now owns 2,143,424 shares of the company’s stock valued at $566,636,000 after buying an additional 221,858 shares during the last quarter. Steadfast Capital Management LP boosted its position in shares of RH by 239.4% during the fourth quarter. Steadfast Capital Management LP now owns 288,949 shares of the company’s stock worth $77,204,000 after buying an additional 203,826 shares during the period. Finally, Norges Bank bought a new position in RH in the 4th quarter worth approximately $46,157,000. 90.17% of the stock is owned by institutional investors and hedge funds.

About RH

RH, together with its subsidiaries, operates as a retailer in the home furnishings and operates under RH Galleries and RH brand names in the District of Columbia and Canada, as well as Waterworks showrooms throughout the United States and the United Kingdom. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings.