RH (NYSE:RH) Given New $435.00 Price Target at Morgan Stanley

RH (NYSE:RH - Get Free Report) had its target price increased by investment analysts at Morgan Stanley from $310.00 to $435.00 in a research note issued on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price objective would suggest a potential downside of 2.48% from the company's current price.

A number of other analysts have also commented on the stock. Telsey Advisory Group boosted their price objective on shares of RH from $290.00 to $330.00 and gave the stock a "market perform" rating in a research report on Monday, December 9th. BNP Paribas reissued an "underperform" rating and set a $253.00 price target on shares of RH in a research report on Wednesday, November 13th. Guggenheim restated a "buy" rating and issued a $425.00 price objective on shares of RH in a report on Wednesday, December 4th. Wedbush upgraded RH from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $310.00 to $430.00 in a report on Monday, October 21st. Finally, Barclays reduced their price target on RH from $340.00 to $320.00 and set an "equal weight" rating for the company in a research report on Monday, September 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $377.07.

RH Price Performance

RH traded up $64.66 on Friday, hitting $446.04. The company had a trading volume of 3,056,518 shares, compared to its average volume of 723,773. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 262.38, a price-to-earnings-growth ratio of 2.44 and a beta of 2.44. The company's fifty day moving average price is $347.81 and its 200 day moving average price is $297.56. RH has a 1-year low of $212.43 and a 1-year high of $457.26.

RH (NYSE:RH - Get Free Report) last released its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). The company 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 firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.42) EPS. On average, sell-side analysts forecast that RH will post 5.63 EPS for the current year.

Insider Activity

In related news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the sale, the director now owns 10,914 shares in the company, valued at approximately $3,714,034.20. This represents a 15.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of RH stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the transaction, the insider now directly owns 78 shares of the company's stock, valued at approximately $27,016.86. This represents a 98.21 % 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 90 days. Corporate insiders own 28.10% of the company's stock.

Institutional Trading of RH

Several institutional investors and hedge funds have recently made changes to their positions in RH. Blue Trust Inc. increased its position in RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company's stock valued at $33,000 after buying an additional 74 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of RH during the second quarter valued at about $62,000. Centaurus Financial Inc. purchased a new position in shares of RH in the 3rd quarter valued at approximately $100,000. Ameliora Wealth Management Ltd. acquired a new stake in RH in the 3rd quarter worth approximately $110,000. Finally, Quarry LP acquired a new stake in RH in the 3rd quarter worth approximately $141,000. 90.17% of the stock is currently owned by institutional investors.

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.