RH (NYSE:RH) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

RH (NYSE:RH) had its price target upped by investment analysts at Stifel Nicolaus from $420.00 to $500.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 21.44% from the stock’s current price.

RH has been the subject of a number of other research reports. JPMorgan Chase & Co. reduced their target price on RH from $345.00 to $338.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Robert W. Baird increased their price objective on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Guggenheim raised their target price on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a research note on Friday, December 13th. StockNews.com upgraded RH from a “sell” rating to a “hold” rating in a research note on Friday, December 13th. Finally, Morgan Stanley boosted their price target on RH from $310.00 to $435.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $391.07.

RH Stock Performance

NYSE:RH opened at $411.74 on Monday. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 119.15, a price-to-earnings-growth ratio of 2.73 and a beta of 2.44. RH has a one year low of $212.43 and a one year high of $457.26. The stock has a 50-day simple moving average of $349.56 and a 200 day simple moving average of $299.26.

RH (NYSE:RH) last posted its earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 32.76%. The company had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. During the same period last year, the company posted ($0.42) earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts forecast that RH will post 5.63 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 78 shares in the company, valued at $27,016.86. This trade represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. 28.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased 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 valued at $33,000 after purchasing an additional 74 shares during the last quarter. Ridgewood Investments LLC bought a new position in RH in the 2nd quarter worth approximately $62,000. Centaurus Financial Inc. purchased a new position in shares of RH in the third quarter valued at $100,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of RH in the third quarter worth about $110,000. Finally, Quarry LP purchased a new position in RH during the third quarter valued at approximately $141,000. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Company Profile

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.