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

RH (NYSE:RH) had its price target raised by Robert W. Baird from $300.00 to $400.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research analysts have also recently commented on RH. StockNews.com upgraded RH to a “sell” rating in a research note on Thursday, September 19th. Citigroup upped their price objective on RH from $340.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, September 13th. TD Cowen upped their price target on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Loop Capital boosted their price objective on shares of RH from $230.00 to $320.00 and gave the stock a “hold” rating in a research note on Monday, September 16th. Finally, Bank of America lifted their target price on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $377.07.

RH Price Performance

Shares of NYSE:RH opened at $445.92 on Friday. The company’s 50 day simple moving average is $345.55 and its 200 day simple moving average is $296.23. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 262.31, a price-to-earnings-growth ratio of 2.44 and a beta of 2.44. RH has a 1 year low of $212.43 and a 1 year high of $457.26.

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

Insider Buying and Selling at RH

In other RH news, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the transaction, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. This trade represents a 98.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the sale, the director now owns 10,914 shares of the company’s stock, valued at approximately $3,714,034.20. This represents a 15.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,285 shares of company stock valued at $2,871,935. Company insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Miracle Mile Advisors LLC bought a new position in RH during the second quarter valued at about $220,000. Raymond James & Associates lifted its stake in shares of RH by 28.1% during the 2nd quarter. Raymond James & Associates now owns 12,864 shares of the company’s stock valued at $3,144,000 after buying an additional 2,820 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in RH by 16.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 712 shares of the company’s stock worth $174,000 after buying an additional 100 shares during the period. Neo Ivy Capital Management purchased a new position in RH in the 2nd quarter valued at approximately $1,837,000. Finally, Xcel Wealth Management LLC raised its holdings in RH by 10.1% during the 2nd quarter. Xcel Wealth Management LLC now owns 122,938 shares of the company’s stock valued at $30,051,000 after acquiring an additional 11,317 shares during the period. Hedge funds and other 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.