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

Shares of RH (NYSE:RH) have earned an average rating of “Hold” from the sixteen research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $402.40.

Several brokerages have weighed in on RH. Morgan Stanley raised their target price on shares of RH from $310.00 to $435.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Loop Capital boosted their target price on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Barclays reduced their target price on RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. BNP Paribas reissued an “underperform” rating and issued a $253.00 price target on shares of RH in a report on Wednesday, November 13th. Finally, Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $485.00 to $500.00 in a report on Thursday, December 19th.

Insider Activity

In other news, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Keith Belling sold 500 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the transaction, the director now directly owns 5,470 shares of the company’s stock, valued at $2,270,050. The trade was a 8.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Institutional investors and hedge funds have recently made changes to their positions in the business. Anomaly Capital Management LP grew its stake in RH by 503.6% in the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after acquiring an additional 291,368 shares during the period. Two Sigma Advisers LP grew its position in shares of RH by 141.5% in the third quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock valued at $53,375,000 after purchasing an additional 93,500 shares during the period. Marshall Wace LLP increased its stake in shares of RH by 58.6% during the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after purchasing an additional 64,423 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of RH by 77.0% during the 2nd quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock worth $31,462,000 after purchasing an additional 55,999 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in RH by 18.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after buying an additional 41,242 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

RH Trading Up 0.4 %

RH opened at $395.10 on Friday. RH has a 12 month low of $212.43 and a 12 month high of $457.26. The stock has a fifty day moving average price of $366.93 and a 200-day moving average price of $310.52. The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 113.53, a PEG ratio of 2.73 and a beta of 2.44.

RH (NYSE:RH) last announced its earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a negative return on equity of 32.76% and a net margin of 2.25%. The firm had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. During the same quarter in the prior year, the firm posted ($0.42) earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts forecast that RH will post 5.63 EPS for the current year.

RH Company Profile

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.