RH (NYSE:RH) Given New $300.00 Price Target at Robert W. Baird

RH (NYSE:RH) had its price target increased by equities researchers at Robert W. Baird from $280.00 to $300.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 0.98% from the company’s current price.

Several other equities analysts have also weighed in on RH. Morgan Stanley cut their target price on RH from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research note on Friday, December 8th. Wedbush increased their target price on RH from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Thursday. Telsey Advisory Group reissued a “market perform” rating and issued a $335.00 target price (up previously from $285.00) on shares of RH in a research note on Tuesday. TD Cowen cut their target price on RH from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Friday, December 8th. Finally, Barclays increased their target price on RH from $256.00 to $293.00 and gave the company an “equal weight” rating in a research note on Friday, December 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $320.29.

RH Stock Performance

Shares of RH stock opened at $297.10 on Thursday. The stock’s fifty day moving average is $271.63 and its 200-day moving average is $268.34. The stock has a market capitalization of $5.47 billion, a PE ratio of 32.26, a PEG ratio of 2.85 and a beta of 2.43. RH has a 52 week low of $207.26 and a 52 week high of $406.38.

RH (NYSE:RH) last announced its earnings results on Wednesday, March 27th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.99). The business had revenue of $738.26 million for the quarter, compared to the consensus estimate of $777.50 million. RH had a return on equity of 81.84% and a net margin of 7.28%. RH’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.88 EPS. As a group, analysts forecast that RH will post 7.83 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Edward T. Lee sold 2,624 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $264.50, for a total value of $694,048.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 23.90% of the company’s stock.

Institutional Trading of RH

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of RH by 11.5% during the 3rd quarter. FMR LLC now owns 2,143,424 shares of the company’s stock valued at $566,636,000 after acquiring an additional 221,858 shares during the period. Vanguard Group Inc. lifted its position in shares of RH by 5.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,859,724 shares of the company’s stock worth $457,623,000 after buying an additional 98,713 shares during the last quarter. Atreides Management LP increased its holdings in RH by 0.3% in the 3rd quarter. Atreides Management LP now owns 1,059,872 shares of the company’s stock worth $280,188,000 after purchasing an additional 3,375 shares in the last quarter. Durable Capital Partners LP increased its holdings in RH by 2.6% in the 1st quarter. Durable Capital Partners LP now owns 677,603 shares of the company’s stock worth $220,960,000 after purchasing an additional 17,196 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in RH by 26.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 603,185 shares of the company’s stock worth $175,817,000 after purchasing an additional 127,889 shares in 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 and operates under RH Galleries and RH brand names in the District of Columbia and Canada, as well as Waterworks showrooms throughout the United States and the United Kingdom. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings.