Analysts Set RH (NYSE:RH) Target Price at $322.07

Shares of RH (NYSE:RH - Get Free Report) have been given a consensus recommendation of "Hold" by the twelve ratings firms that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $322.07.

RH has been the subject of a number of recent analyst reports. Robert W. Baird boosted their target price on shares of RH from $280.00 to $300.00 and gave the company a "neutral" rating in a report on Thursday. StockNews.com downgraded shares of RH from a "hold" rating to a "sell" rating in a report on Wednesday, December 13th. Bank of America decreased their price objective on shares of RH from $345.00 to $309.00 and set a "buy" rating for the company in a research note on Friday, December 8th. Wedbush boosted their price objective on shares of RH from $275.00 to $320.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, TD Cowen decreased their price objective on shares of RH from $350.00 to $325.00 and set an "outperform" rating for the company in a research note on Friday, December 8th.

RH Stock Up 17.3 %

Shares of NYSE:RH traded up $51.27 during trading on Friday, reaching $348.26. The stock had a trading volume of 4,873,863 shares, compared to its average volume of 643,120. The business has a fifty day moving average price of $275.27 and a 200-day moving average price of $268.46. The stock has a market cap of $6.41 billion, a P/E ratio of 62.52, a PEG ratio of 2.99 and a beta of 2.43. RH has a fifty-two week low of $207.26 and a fifty-two week high of $406.38.

RH (NYSE:RH - Get Free Report) last released its earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.71 by ($0.99). RH had a net margin of 4.21% and a return on equity of 199.51%. The company had revenue of $738.26 million during the quarter, compared to analysts' expectations of $777.50 million. During the same quarter in the previous year, the firm posted $2.88 earnings per share. RH's revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, equities analysts forecast that RH will post 11.8 EPS for the current year.

Insider Transactions at RH

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

Institutional Trading of RH

Hedge funds have recently bought and sold shares of the company. Creekmur Asset Management LLC bought a new stake in RH in the 4th quarter valued at about $25,000. KB Financial Partners LLC lifted its position in RH by 61.6% in the 1st quarter. KB Financial Partners LLC now owns 118 shares of the company's stock valued at $38,000 after purchasing an additional 45 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in RH in the 4th quarter valued at about $35,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in RH during the 3rd quarter valued at about $30,000. Finally, Quest Partners LLC acquired a new position in RH during the 4th quarter valued at about $37,000. 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 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.