RH (NYSE:RH) Price Target Raised to $172.00

RH (NYSE:RH) had its target price hoisted by Bank of America from $144.00 to $172.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an underperform rating on the stock.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus cut their price objective on shares of RH from $450.00 to $390.00 and set a “buy” rating on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. cut their target price on RH from $510.00 to $250.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Loop Capital decreased their target price on shares of RH from $450.00 to $190.00 and set a “hold” rating for the company in a research report on Friday, April 4th. StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Finally, The Goldman Sachs Group reduced their target price on RH from $276.00 to $194.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $275.94.

RH Price Performance

NYSE:RH opened at $209.49 on Wednesday. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 60.20, a PEG ratio of 2.65 and a beta of 2.36. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The stock’s 50 day simple moving average is $198.31 and its two-hundred day simple moving average is $314.51.

RH (NYSE:RH) last released its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.33). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company had revenue of $812.41 million for the quarter, compared to the consensus estimate of $828.21 million. During the same period in the prior year, the firm posted $0.72 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, analysts anticipate that RH will post 4.39 EPS for the current year.

Institutional Investors Weigh In On RH

Hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. raised its stake in RH by 1,960.8% during the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock worth $143,148,000 after purchasing an additional 346,050 shares during the period. Atreides Management LP lifted its position in RH by 69.1% in the first quarter. Atreides Management LP now owns 473,321 shares of the company’s stock valued at $110,951,000 after buying an additional 193,404 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in RH during the first quarter worth about $35,057,000. Norges Bank purchased a new stake in shares of RH in the 4th quarter valued at approximately $54,314,000. Finally, Raymond James Financial Inc. purchased a new stake in RH in the fourth quarter valued at approximately $52,190,000. 90.17% of the stock is currently 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.