RH (NYSE:RH) Price Target Increased to $320.00 by Analysts at Loop Capital

RH (NYSE:RH) had its price target upped by Loop Capital from $230.00 to $320.00 in a report issued on Monday, Benzinga reports. Loop Capital currently has a hold rating on the stock.

Several other equities analysts also recently issued reports on RH. Citigroup raised their price target on shares of RH from $340.00 to $355.00 and gave the company a buy rating in a research note on Friday, September 13th. BNP Paribas raised RH to a hold rating in a research report on Friday, June 14th. StockNews.com upgraded RH to a sell rating in a research report on Friday, June 21st. Morgan Stanley raised their price objective on RH from $300.00 to $310.00 and gave the stock an equal weight rating in a research report on Friday, September 13th. Finally, TD Cowen upped their target price on RH from $325.00 to $350.00 and gave the company a buy rating in a report on Friday, September 13th. Two 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. Based on data from MarketBeat, RH has a consensus rating of Hold and a consensus target price of $322.54.

RH Price Performance

Shares of RH stock opened at $335.15 on Monday. The company’s 50 day moving average price is $268.99 and its two-hundred day moving average price is $267.58. The firm has a market capitalization of $6.18 billion, a P/E ratio of 92.84, a P/E/G ratio of 1.13 and a beta of 2.42. RH has a fifty-two week low of $207.26 and a fifty-two week high of $354.86.

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

Insider Buying and Selling

In related news, CEO Gary G. Friedman purchased 34,200 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was purchased at an average cost of $215.00 per share, with a total value of $7,353,000.00. Following the completion of 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 legal filing with the SEC, which can be accessed through the SEC website. 28.10% of the stock is owned by insiders.

Hedge Funds Weigh In On RH

A number of institutional investors have recently modified their holdings of the company. Creekmur Asset Management LLC purchased a new stake in shares of RH in the fourth quarter worth approximately $25,000. Quest Partners LLC bought a new stake in RH during the fourth quarter worth $37,000. Hollencrest Capital Management purchased a new stake in RH in the 1st quarter valued at $47,000. Ridgewood Investments LLC bought a new position in RH during the 2nd quarter valued at $62,000. Finally, Tradition Wealth Management LLC boosted its holdings in RH by 14.8% during the 4th quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after acquiring an additional 45 shares during the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

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.