RH (NYSE:RH) Price Target Raised to $264.00 at The Goldman Sachs Group

RH (NYSE:RHFree Report) had its price target boosted by The Goldman Sachs Group from $201.00 to $264.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a sell rating on the stock.

RH has been the subject of a number of other reports. TD Cowen dropped their target price on shares of RH from $350.00 to $325.00 and set an outperform rating for the company in a report on Friday, December 8th. Bank of America reduced their price objective on RH from $345.00 to $309.00 and set a buy rating for the company in a report on Friday, December 8th. Robert W. Baird upped their target price on RH from $280.00 to $300.00 and gave the company a neutral rating in a report on Thursday, March 28th. Oppenheimer restated a market perform rating on shares of RH in a research report on Monday. Finally, StockNews.com lowered shares of RH from a hold rating to a sell rating in a research report on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, RH has a consensus rating of Hold and an average price target of $332.15.

Check Out Our Latest Stock Report on RH

RH Price Performance

RH opened at $334.73 on Monday. The business has a 50 day simple moving average of $276.64 and a 200-day simple moving average of $268.58. RH has a 12 month low of $207.26 and a 12 month high of $406.38. The stock has a market capitalization of $6.16 billion, a P/E ratio of 60.10, a P/E/G ratio of 3.51 and a beta of 2.43.

RH (NYSE:RHGet Free Report) last released its earnings results on Wednesday, March 27th. The company reported $0.72 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 business had revenue of $738.26 million during the quarter, compared to analyst estimates of $777.50 million. During the same period last year, the business posted $2.88 EPS. RH’s revenue was down 4.4% compared to the same quarter last year. Research analysts anticipate that RH will post 11.8 EPS for the current year.

Insider Buying and Selling

In other news, insider Edward T. Lee sold 2,624 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $264.50, for a total transaction of $694,048.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 23.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On RH

A number of hedge funds have recently made changes to their positions in the stock. Creekmur Asset Management LLC purchased a new position in shares of RH in the 4th quarter worth about $25,000. Findell Capital Management LLC purchased a new position in RH in the fourth quarter valued at approximately $5,247,000. FIL Ltd lifted its position in RH by 12,893.3% during the fourth quarter. FIL Ltd now owns 3,898 shares of the company’s stock valued at $1,136,000 after buying an additional 3,868 shares in the last quarter. Systematic Portfolios LLC acquired a new position in RH during the fourth quarter valued at approximately $242,000. Finally, Nuveen Asset Management LLC grew its stake in RH by 111.1% during the fourth quarter. Nuveen Asset Management LLC now owns 93,771 shares of the company’s stock worth $27,332,000 after buying an additional 49,342 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

About RH

(Get Free Report)

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, d├ęcor, outdoor and garden, and child and teen furnishings.

Further Reading

Analyst Recommendations for RH (NYSE:RH)

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