RH (NYSE:RH) Price Target Raised to $320.00 at Wedbush

RH (NYSE:RH) had its price objective raised by Wedbush from $275.00 to $320.00 in a research note released on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.

RH has been the subject of a number of other reports. TD Cowen lowered their target price on shares of RH from $350.00 to $325.00 and set an outperform rating for the company in a report on Friday, December 8th. Barclays boosted their target price on shares of RH from $256.00 to $293.00 and gave the company an equal weight rating in a report on Friday, December 8th. Bank of America lowered their target price on shares of RH from $345.00 to $309.00 and set a buy rating for the company in a report on Friday, December 8th. JPMorgan Chase & Co. boosted their target price on shares of RH from $329.00 to $345.00 and gave the company an overweight rating in a report on Thursday. Finally, StockNews.com downgraded shares of RH from a hold rating to a sell rating in a report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and an average price target of $322.07.

RH Price Performance

Shares of NYSE RH opened at $347.99 on Thursday. The company has a market cap of $6.40 billion, a PE ratio of 62.48, a price-to-earnings-growth ratio of 2.99 and a beta of 2.43. RH has a 12 month low of $207.26 and a 12 month high of $406.38. The company has a 50-day simple moving average of $273.49 and a 200-day simple moving average of $268.20.

RH (NYSE:RH) last issued its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.99). The firm had revenue of $738.26 million for 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%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.88 earnings per share. On average, analysts anticipate that RH will post 11.8 EPS for the current year.

Insider Buying and Selling

In other RH news, insider Edward T. Lee sold 2,624 shares of the company’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 23.90% of the company’s stock.

Institutional Investors Weigh In On RH

A number of institutional investors and hedge funds have recently bought and sold shares of RH. Creekmur Asset Management LLC purchased a new stake in RH during the fourth quarter valued at about $25,000. KB Financial Partners LLC lifted its stake in RH by 61.6% during the first quarter. KB Financial Partners LLC now owns 118 shares of the company’s stock valued at $38,000 after buying an additional 45 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in RH during the fourth quarter valued at about $35,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in RH during the third quarter valued at about $30,000. Finally, Quest Partners LLC purchased a new stake in RH during the fourth quarter valued at about $37,000. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Company Profile

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.