RH (NYSE:RH) Given New $500.00 Price Target at Stifel Nicolaus

RH (NYSE:RH - Free Report) had its price target increased by Stifel Nicolaus from $420.00 to $500.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently issued reports on the company. StockNews.com raised RH from a "sell" rating to a "hold" rating in a report on Friday. JPMorgan Chase & Co. reduced their price target on shares of RH from $345.00 to $338.00 and set an "overweight" rating for the company in a research report on Monday, September 16th. Wells Fargo & Company increased their price objective on RH from $425.00 to $500.00 and gave the stock an "overweight" rating in a research report on Friday. TD Cowen increased their price target on shares of RH from $325.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, September 13th. Finally, Robert W. Baird raised their target price on RH from $300.00 to $400.00 and gave the company a "neutral" rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $391.07.

RH Trading Down 7.0 %

RH stock traded down $31.41 during mid-day trading on Monday, hitting $414.63. The company's stock had a trading volume of 1,312,869 shares, compared to its average volume of 726,210. The stock's fifty day moving average is $347.81 and its two-hundred day moving average is $298.20. The firm has a market capitalization of $7.65 billion, a PE ratio of 128.17, a price-to-earnings-growth ratio of 2.73 and a beta of 2.44. RH has a 1 year low of $212.43 and a 1 year high of $457.26.

RH (NYSE:RH - Get Free Report) last announced its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 32.76%. The firm had revenue of $811.73 million during the quarter, compared to analysts' expectations of $812.19 million. During the same period in the previous year, the firm earned ($0.42) EPS. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities analysts expect that RH will post 5.63 EPS for the current fiscal year.

Insider Activity

In other news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction that occurred on Wednesday, September 18th. The shares were 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 $3,714,034.20. This trade represents a 15.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stefan Duban sold 4,285 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value 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 represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,285 shares of company stock valued at $2,871,935 in the last ninety days. Company insiders own 28.10% of the company's stock.

Institutional Inflows and Outflows

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

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.