Loop Capital Increases RH (NYSE:RH) Price Target to $350.00

RH (NYSE:RH) had its price objective hoisted by analysts at Loop Capital from $260.00 to $350.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “hold” rating on the stock. Loop Capital’s target price would indicate a potential upside of 12.71% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. Wedbush upped their price objective on shares of RH from $275.00 to $320.00 and gave the stock a “neutral” rating in a research report on Thursday, March 28th. Robert W. Baird upped their price objective on shares of RH from $280.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, March 28th. TD Cowen cut their price objective on shares of RH from $350.00 to $325.00 and set an “outperform” rating for the company in a research report on Friday, December 8th. Barclays upped their price objective on shares of RH from $293.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Telsey Advisory Group restated a “market perform” rating and set a $335.00 price objective (up previously from $285.00) on shares of RH in a research report on Tuesday, March 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $332.15.

RH Price Performance

Shares of NYSE:RH opened at $310.53 on Monday. The stock has a market cap of $5.71 billion, a P/E ratio of 55.75, a P/E/G ratio of 3.51 and a beta of 2.46. The firm has a fifty day moving average price of $277.48 and a 200 day moving average price of $268.60. RH has a 1-year low of $207.26 and a 1-year high of $406.38.

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

Insider Activity

In other news, insider Edward T. Lee sold 2,624 shares of the 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 accessible through this link. Insiders own 23.90% of the company’s stock.

Hedge Funds Weigh In On RH

Several hedge funds have recently added to or reduced their stakes in RH. Creekmur Asset Management LLC purchased a new position in RH during the 4th quarter valued at about $25,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in RH during the 3rd quarter valued at about $30,000. Benjamin F. Edwards & Company Inc. purchased a new position in RH during the 4th quarter valued at about $35,000. Quest Partners LLC purchased a new position in RH during the 4th quarter valued at about $37,000. Finally, KB Financial Partners LLC boosted its stake in shares of RH by 61.6% during the 1st quarter. KB Financial Partners LLC now owns 118 shares of the company’s stock worth $38,000 after purchasing an additional 45 shares during the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

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.