RH (NYSE:RH) Given New $230.00 Price Target at Robert W. Baird

RH (NYSE:RH - Get Free Report) had its price objective lifted by investment analysts at Robert W. Baird from $215.00 to $230.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Robert W. Baird's price target would indicate a potential upside of 21.39% from the stock's current price.

RH has been the topic of a number of other reports. The Goldman Sachs Group cut their target price on RH from $276.00 to $194.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Wall Street Zen upgraded RH from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Wedbush lowered their price target on RH from $500.00 to $350.00 and set an "outperform" rating on the stock in a report on Wednesday, March 26th. UBS Group reduced their price objective on shares of RH from $235.00 to $215.00 and set a "neutral" rating for the company in a report on Thursday, June 5th. Finally, Guggenheim lowered their target price on shares of RH from $500.00 to $300.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $270.94.

RH Trading Up 7.1%

Shares of RH stock opened at $189.47 on Monday. The company has a market capitalization of $3.55 billion, a P/E ratio of 54.44, a price-to-earnings-growth ratio of 2.65 and a beta of 2.19. The business's 50 day moving average is $184.37 and its two-hundred day moving average is $292.50. RH has a twelve month low of $123.03 and a twelve month high of $457.26.

RH (NYSE:RH - Get Free Report) last issued its quarterly earnings data on Thursday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.20. The firm had revenue of $813.95 million during the quarter, compared to the consensus estimate of $817.66 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.40) EPS. As a group, equities analysts predict that RH will post 4.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. LPL Financial LLC lifted its stake in RH by 61.3% in the fourth quarter. LPL Financial LLC now owns 9,141 shares of the company's stock valued at $3,598,000 after acquiring an additional 3,473 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of RH by 607.9% in the 4th quarter. Deutsche Bank AG now owns 9,464 shares of the company's stock valued at $3,725,000 after purchasing an additional 8,127 shares during the period. Sterling Capital Management LLC grew its holdings in RH by 49.7% during the fourth quarter. Sterling Capital Management LLC now owns 762 shares of the company's stock worth $300,000 after purchasing an additional 253 shares during the period. Victory Capital Management Inc. grew its holdings in RH by 0.9% during the fourth quarter. Victory Capital Management Inc. now owns 50,684 shares of the company's stock worth $19,949,000 after purchasing an additional 445 shares during the period. Finally, L.M. Kohn & Company acquired a new position in RH during the fourth quarter worth approximately $289,000. 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.

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