Analysts Set RH (NYSE:RH) PT at $331.77

RH (NYSE:RH - Get Free Report) has been assigned an average recommendation of "Hold" from the fifteen brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $331.77.

A number of brokerages have weighed in on RH. Wells Fargo & Company lifted their target price on RH from $325.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, September 13th. Wedbush upgraded shares of RH from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $310.00 to $430.00 in a research note on Monday, October 21st. Morgan Stanley increased their target price on shares of RH from $300.00 to $310.00 and gave the stock an "equal weight" rating in a research note on Friday, September 13th. Barclays decreased their price target on shares of RH from $340.00 to $320.00 and set an "equal weight" rating for the company in a research note on Monday, September 16th. Finally, TD Cowen increased their price objective on shares of RH from $325.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, September 13th.

Insider Buying and Selling

In other news, insider Edward T. Lee sold 2,000 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other RH news, insider Stefan Duban sold 4,285 shares of the business's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the transaction, the insider now owns 78 shares of the company's stock, valued at approximately $27,016.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward T. Lee sold 2,000 shares of the company's stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RH

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. lifted its stake in RH by 308.3% in the third quarter. Blue Trust Inc. now owns 98 shares of the company's stock valued at $33,000 after purchasing an additional 74 shares during the last quarter. Ridgewood Investments LLC bought a new stake in shares of RH in the second quarter valued at $62,000. Ameliora Wealth Management Ltd. purchased a new position in shares of RH during the 3rd quarter valued at $110,000. KBC Group NV grew its stake in shares of RH by 25.8% during the 3rd quarter. KBC Group NV now owns 454 shares of the company's stock worth $152,000 after acquiring an additional 93 shares during the period. Finally, CWM LLC increased its holdings in RH by 47.2% in the 3rd quarter. CWM LLC now owns 468 shares of the company's stock worth $157,000 after acquiring an additional 150 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Stock Down 0.0 %

RH stock traded down $0.02 during mid-day trading on Friday, hitting $333.13. 574,142 shares of the stock were exchanged, compared to its average volume of 724,772. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 195.96, a PEG ratio of 1.82 and a beta of 2.43. RH has a 12 month low of $212.43 and a 12 month high of $367.00. The firm's fifty day simple moving average is $317.43 and its two-hundred day simple moving average is $280.90.

RH (NYSE:RH - Get Free Report) last released its 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 net margin of 1.13% and a negative return on equity of 11.29%. 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 business earned $3.93 earnings per share. RH's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, analysts forecast that RH will post 5.67 earnings per share for the current fiscal year.

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.