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

RH (NYSE:RH) had its price objective upped by Robert W. Baird from $215.00 to $230.00 in a research report report published on Monday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Several other equities analysts have also weighed in on RH. Telsey Advisory Group decreased their target price on shares of RH from $280.00 to $255.00 and set an “outperform” rating on the stock in a report on Monday, June 9th. Bank of America upped their price objective on RH from $144.00 to $172.00 and gave the company an “underperform” rating in a report on Wednesday, May 14th. Stifel Nicolaus cut their target price on RH from $450.00 to $390.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Guggenheim reduced their target price on RH from $500.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Finally, The Goldman Sachs Group lowered their price target on RH from $276.00 to $194.00 and set a “neutral” rating for the company in a report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $272.50.

RH Price Performance

RH stock opened at $189.75 on Monday. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The firm has a market capitalization of $3.55 billion, a PE ratio of 54.53, a price-to-earnings-growth ratio of 2.65 and a beta of 2.19. The business has a 50 day simple moving average of $185.21 and a 200-day simple moving average of $291.12.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, June 12th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.20. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The company had revenue of $813.95 million for the quarter, compared to analyst estimates of $817.66 million. During the same quarter in the previous year, the company posted ($0.40) earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities research analysts expect that RH will post 4.39 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RH. Sunbelt Securities Inc. lifted its holdings in RH by 690.0% during the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock worth $31,000 after buying an additional 69 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of RH by 180.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock worth $44,000 after acquiring an additional 72 shares during the period. AlphaQuest LLC acquired a new stake in shares of RH in the first quarter valued at $29,000. GAMMA Investing LLC boosted its holdings in RH by 146.1% in the first quarter. GAMMA Investing LLC now owns 187 shares of the company’s stock valued at $44,000 after purchasing an additional 111 shares during the period. Finally, NBC Securities Inc. acquired a new position in RH during the 1st quarter worth $45,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

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.