RH (NYSE:RH) Stock Price Expected to Rise, Loop Capital Analyst Says

RH (NYSE:RH - Get Free Report) had its price target upped by equities researchers at Loop Capital from $320.00 to $450.00 in a report issued on Monday,Benzinga reports. The firm currently has a "hold" rating on the stock. Loop Capital's price objective points to a potential upside of 8.53% from the stock's current price.

Other research analysts also recently issued reports about the stock. Bank of America raised their price objective on shares of RH from $310.00 to $359.00 and gave the stock a "buy" rating in a research report on Friday, September 13th. Robert W. Baird boosted their price target on RH from $300.00 to $400.00 and gave the company a "neutral" rating in a research report on Friday. Wedbush reaffirmed an "outperform" rating and set a $500.00 price objective (up from $430.00) on shares of RH in a research report on Friday. Citigroup boosted their target price on RH from $340.00 to $355.00 and gave the company a "buy" rating in a report on Friday, September 13th. Finally, Barclays decreased their price target on RH from $340.00 to $320.00 and set an "equal weight" rating for the company in a report on Monday, September 16th. Two research 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $391.07.

RH Stock Performance

Shares of RH stock traded down $31.41 during mid-day trading on Monday, hitting $414.63. 1,312,869 shares of the stock were exchanged, compared to its average volume of 726,210. RH has a 12-month low of $212.43 and a 12-month high of $457.26. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 128.17, a P/E/G ratio of 2.73 and a beta of 2.44. The stock's fifty day simple moving average is $347.81 and its two-hundred day simple moving average is $298.20.

RH (NYSE:RH - Get Free Report) last issued its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share 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 analysts' expectations of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 32.76%. RH's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.42) EPS. On average, research analysts expect that RH will post 5.63 earnings per share for the current fiscal year.

Insider Buying and Selling at RH

In other news, insider Stefan Duban sold 4,285 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider now directly owns 78 shares of the company's stock, valued at $27,016.86. This trade represents a 98.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total value of $680,600.00. Following the completion of the sale, the director now directly owns 10,914 shares in the company, valued at approximately $3,714,034.20. The trade was a 15.49 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,285 shares of company stock valued at $2,871,935. Corporate insiders own 28.10% of the company's stock.

Hedge Funds Weigh In On RH

A number of institutional investors have recently made changes to their positions in RH. Anomaly Capital Management LP lifted its stake in shares of RH by 503.6% during the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company's stock valued at $85,365,000 after buying an additional 291,368 shares during the period. Dimensional Fund Advisors LP raised its holdings in RH by 18.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company's stock valued at $66,239,000 after acquiring an additional 41,242 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of RH by 8.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company's stock worth $82,206,000 after purchasing an additional 18,563 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of RH by 26.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company's stock valued at $61,814,000 after purchasing an additional 38,572 shares during the period. Finally, Marshall Wace LLP grew its position in shares of RH by 58.6% in the second quarter. Marshall Wace LLP now owns 174,324 shares of the company's stock valued at $42,612,000 after purchasing an additional 64,423 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

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.