RH (NYSE:RH) Price Target Raised to $550.00 at Guggenheim

RH (NYSE:RH) had its price target increased by Guggenheim from $425.00 to $550.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on RH. Telsey Advisory Group raised their target price on RH from $290.00 to $330.00 and gave the stock a “market perform” rating in a research note on Monday, December 9th. Morgan Stanley raised their price objective on shares of RH from $310.00 to $435.00 and gave the stock an “equal weight” rating in a research report on Friday. Wedbush upgraded shares of RH from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $310.00 to $430.00 in a research report on Monday, October 21st. TD Cowen raised their price target on shares of RH from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, Wells Fargo & Company raised their target price on RH from $325.00 to $350.00 and gave the company an “overweight” rating in a research note 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $377.07.

RH Price Performance

RH stock opened at $445.92 on Friday. The firm has a market cap of $8.22 billion, a P/E ratio of 262.31, a P/E/G ratio of 2.44 and a beta of 2.44. The stock’s 50 day moving average is $345.55 and its 200 day moving average is $296.23. RH has a one year low of $212.43 and a one year high of $457.26.

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

Insider Activity

In related news, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the sale, the insider now owns 78 shares in the company, valued at approximately $27,016.86. This trade represents a 98.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark S. Demilio sold 2,000 shares of the business’s 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 transaction, the director now owns 10,914 shares in the company, valued at approximately $3,714,034.20. The trade was a 15.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock worth $2,871,935 over the last quarter. Insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RH. Texas Permanent School Fund Corp lifted its position in shares of RH by 25.3% during the second quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock worth $4,098,000 after acquiring an additional 3,387 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in RH during the 3rd quarter worth about $3,251,000. Virtu Financial LLC purchased a new stake in RH during the 3rd quarter worth about $4,268,000. Invst LLC purchased a new position in RH during the 3rd quarter valued at about $752,000. Finally, Cerity Partners LLC grew its holdings in RH by 139.7% during the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after buying an additional 1,506 shares in the last quarter. 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.