The Goldman Sachs Group Raises RH (NYSE:RH) Price Target to $264.00

RH (NYSE:RHFree Report) had its price objective lifted by The Goldman Sachs Group from $201.00 to $264.00 in a research report report published on Monday morning, Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

A number of other brokerages have also recently commented on RH. Loop Capital lifted their price target on RH from $260.00 to $350.00 and gave the stock a hold rating in a research report on Monday. Bank of America reduced their price objective on RH from $345.00 to $309.00 and set a buy rating for the company in a research note on Friday, December 8th. Telsey Advisory Group restated a market perform rating and issued a $335.00 price target (up previously from $285.00) on shares of RH in a research note on Tuesday, March 26th. JPMorgan Chase & Co. lifted their price target on RH from $329.00 to $345.00 and gave the company an overweight rating in a research note on Thursday, March 28th. Finally, Robert W. Baird lifted their price target on RH from $280.00 to $300.00 and gave the company a neutral rating in a research note on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $332.15.

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RH Trading Down 4.0 %

Shares of NYSE RH opened at $298.28 on Monday. The stock has a market capitalization of $5.46 billion, a PE ratio of 53.55, a price-to-earnings-growth ratio of 3.27 and a beta of 2.46. The stock’s fifty day simple moving average is $278.16 and its two-hundred day simple moving average is $268.52. RH has a 12-month low of $207.26 and a 12-month high of $406.38.

RH (NYSE:RHGet Free Report) last announced its earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.99). The company had revenue of $738.26 million for the quarter, compared to the consensus estimate of $777.50 million. RH had a net margin of 4.21% and a negative return on equity of 777.61%. The firm’s revenue was down 4.4% compared to the same quarter last year. During the same period last year, the business posted $2.88 EPS. On average, equities analysts predict that RH will post 10.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RH. Morgan Stanley boosted its holdings in shares of RH by 145.6% during the 4th quarter. Morgan Stanley now owns 594,574 shares of the company’s stock worth $158,864,000 after purchasing an additional 352,456 shares during the last quarter. Durable Capital Partners LP lifted its holdings in 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 acquiring an additional 320,538 shares during the last quarter. FMR LLC lifted its holdings in RH by 11.5% in the third quarter. FMR LLC now owns 2,143,424 shares of the company’s stock valued at $566,636,000 after acquiring an additional 221,858 shares during the last quarter. Steadfast Capital Management LP lifted its holdings in RH by 239.4% in the fourth quarter. Steadfast Capital Management LP now owns 288,949 shares of the company’s stock valued at $77,204,000 after acquiring an additional 203,826 shares during the last quarter. Finally, Norges Bank purchased a new stake in RH in the fourth quarter valued at approximately $46,157,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

About RH

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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.

Further Reading

Analyst Recommendations for RH (NYSE:RH)

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