Robert W. Baird Boosts RH (NYSE:RH) Price Target to $400.00

RH (NYSE:RH) had its target price hoisted by Robert W. Baird from $300.00 to $400.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price objective points to a potential downside of 10.32% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. StockNews.com raised shares of RH to a “sell” rating in a research report on Thursday, September 19th. Telsey Advisory Group boosted their price objective on shares of RH from $290.00 to $330.00 and gave the stock a “market perform” rating in a report on Monday, December 9th. Barclays lowered their target price on RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Morgan Stanley upped their price target on shares of RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Finally, Citigroup raised their price objective on shares of RH from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $377.07.

RH Price Performance

RH stock opened at $446.04 on Friday. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 262.38, a price-to-earnings-growth ratio of 2.44 and a beta of 2.44. RH has a 12 month low of $212.43 and a 12 month high of $457.26. The stock’s 50-day moving average is $347.81 and its 200-day moving average is $297.56.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The business had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned ($0.42) earnings per share. Research analysts anticipate that RH will post 5.63 EPS for the current year.

Insider Activity at RH

In other RH news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the completion of the transaction, the insider now owns 78 shares in the company, valued at approximately $27,016.86. This represents a 98.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The disclosure for this sale can be found here. Insiders sold 8,285 shares of company stock worth $2,871,935 in the last 90 days. 28.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Inspire Trust Co. N.A. raised its stake in shares of RH by 8.6% during the third quarter. Inspire Trust Co. N.A. now owns 5,065 shares of the company’s stock valued at $1,694,000 after purchasing an additional 400 shares in the last quarter. Blankinship & Foster LLC bought a new stake in shares of RH during the 3rd quarter worth about $846,000. Sanctuary Advisors LLC raised its position in shares of RH by 55.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,755 shares of the company’s stock worth $1,382,000 after buying an additional 1,341 shares in the last quarter. Virtu Financial LLC bought a new position in shares of RH in the third quarter valued at approximately $4,268,000. Finally, Invst LLC acquired a new position in shares of RH during the third quarter valued at approximately $752,000. Institutional investors own 90.17% of the company’s stock.

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.