Analysts Set RH (NYSE:RH) Target Price at $332.15

RH (NYSE:RH) has been assigned an average rating of “Hold” from the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $332.15.

Several equities research analysts have issued reports on RH shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $335.00 price target (up from $285.00) on shares of RH in a research note on Tuesday, March 26th. Wedbush raised their target price on shares of RH from $275.00 to $320.00 and gave the stock a “neutral” rating in a research report on Thursday, March 28th. Oppenheimer reaffirmed a “market perform” rating on shares of RH in a research note on Monday, April 1st. Barclays increased their price target on RH from $293.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Monday, April 1st. Finally, JPMorgan Chase & Co. lifted their price objective on RH from $329.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th.

Insider Transactions at RH

In other RH news, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the completion of the sale, the director now directly owns 12,991 shares in the company, valued at $4,004,086.02. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Mark S. Demilio sold 1,000 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total value of $288,990.00. Following the completion of the sale, the director now owns 11,991 shares in the company, valued at $3,465,279.09. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total value of $616,440.00. Following the sale, the director now owns 12,991 shares in the company, valued at $4,004,086.02. The disclosure for this sale can be found here. Company insiders own 23.90% of the company’s stock.

Hedge Funds Weigh In On RH

A number of institutional investors and hedge funds have recently bought and sold shares of RH. Tradition Wealth Management LLC boosted its position in RH by 14.8% in the 4th quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock valued at $102,000 after buying an additional 45 shares during the last quarter. New York Life Investment Management LLC lifted its stake in shares of RH by 4.1% in the fourth quarter. New York Life Investment Management LLC now owns 1,703 shares of the company’s stock worth $496,000 after acquiring an additional 67 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in RH by 120.3% in the fourth quarter. Global Retirement Partners LLC now owns 141 shares of the company’s stock valued at $41,000 after purchasing an additional 77 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management boosted its holdings in RH by 1.0% in the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 7,706 shares of the company’s stock valued at $2,246,000 after purchasing an additional 78 shares during the last quarter. Finally, Creekmur Asset Management LLC acquired a new stake in RH during the 4th quarter valued at approximately $25,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Trading Up 2.3 %

Shares of RH opened at $248.91 on Tuesday. The company has a 50-day moving average of $275.85 and a two-hundred day moving average of $267.13. The stock has a market cap of $4.56 billion, a P/E ratio of 44.69, a PEG ratio of 2.68 and a beta of 2.46. RH has a 12-month low of $207.26 and a 12-month high of $406.38.

RH (NYSE:RH) last posted its earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.99). The company had revenue of $738.26 million during the quarter, compared to analysts’ expectations of $777.50 million. RH had a net margin of 4.21% and a negative return on equity of 777.61%. RH’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.88 EPS. As a group, analysts forecast that RH will post 9.08 EPS for the current fiscal year.

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.