RH (NYSE:RH) PT Lowered to $320.00 at Barclays

RH (NYSE:RH) had its price target cut by research analysts at Barclays from $340.00 to $320.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential downside of 3.39% from the company’s current price.

A number of other analysts have also commented on the company. Robert W. Baird lifted their price target on RH from $275.00 to $290.00 and gave the company a “neutral” rating in a research note on Friday. The Goldman Sachs Group dropped their price target on shares of RH from $264.00 to $226.00 and set a “sell” rating for the company in a research note on Monday, June 17th. StockNews.com raised RH to a “sell” rating in a report on Friday, June 21st. Wedbush upped their price objective on shares of RH from $250.00 to $310.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Bank of America lifted their price objective on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $323.08.

RH Trading Up 2.9 %

RH stock traded up $9.35 during trading hours on Monday, hitting $331.22. 295,126 shares of the stock were exchanged, compared to its average volume of 733,440. The company has a 50-day simple moving average of $263.59 and a two-hundred day simple moving average of $266.33. RH has a 12 month low of $207.26 and a 12 month high of $354.86. The firm has a market capitalization of $6.11 billion, a P/E ratio of 92.26, a P/E/G ratio of 1.13 and a beta of 2.42.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.13. RH had a negative return on equity of 10.63% and a net margin of 1.13%. The company had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. During the same quarter last year, the company posted $3.93 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts predict that RH will post 7.29 earnings per share for the current year.

Insider Transactions at RH

In related news, CEO Gary G. Friedman bought 34,200 shares of the stock in a transaction dated Tuesday, June 25th. The stock was bought at an average price of $215.00 per share, with a total value of $7,353,000.00. Following the purchase, the chief executive officer now owns 3,339,263 shares in the company, valued at approximately $717,941,545. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

Several institutional investors and hedge funds have recently bought and sold shares of the business. Anomaly Capital Management LP raised its holdings in shares of RH by 503.6% during the second 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 in the last quarter. Norges Bank bought a new position in RH in the 4th quarter worth $38,736,000. Granahan Investment Management LLC purchased a new stake in shares of RH in the 4th quarter worth about $24,915,000. Marshall Wace LLP boosted its stake in shares of RH by 58.6% during the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock valued at $42,612,000 after purchasing an additional 64,423 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of RH by 10.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock valued at $231,728,000 after buying an additional 62,198 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

About RH

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.