RH (NYSE:RH) gapped up prior to trading on Thursday after Gordon Haskett upgraded the stock from a hold rating to an accumulate rating. The stock had previously closed at $611.33, but opened at $666.00. Gordon Haskett now has a $750.00 price target on the stock, up from their previous price target of $550.00. RH shares last traded at $693.76, with a volume of 21,943 shares traded.
A number of other research analysts also recently issued reports on RH. Telsey Advisory Group boosted their target price on shares of RH from $600.00 to $675.00 and gave the company an “outperform” rating in a research report on Monday. Robert W. Baird boosted their price target on shares of RH from $510.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday. Citigroup boosted their price target on shares of RH from $634.00 to $770.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group upgraded shares of RH from an “underperform” rating to a “hold” rating and boosted their price target for the company from $335.00 to $500.00 in a research note on Friday, March 26th. Finally, Wedbush boosted their price target on shares of RH from $700.00 to $720.00 and gave the company an “outperform” rating in a research note on Thursday. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. RH presently has an average rating of “Buy” and a consensus target price of $644.53.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC lifted its holdings in RH by 41.3% during the first quarter. Advisory Services Network LLC now owns 479 shares of the company’s stock valued at $286,000 after purchasing an additional 140 shares during the last quarter. Aperture Investors LLC lifted its holdings in shares of RH by 48.2% in the first quarter. Aperture Investors LLC now owns 40,983 shares of the company’s stock worth $24,450,000 after buying an additional 13,320 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of RH by 18.4% in the first quarter. Principal Financial Group Inc. now owns 58,363 shares of the company’s stock worth $34,819,000 after buying an additional 9,065 shares in the last quarter. Stonnington Group LLC purchased a new stake in shares of RH in the first quarter worth about $428,000. Finally, Virtu Financial LLC lifted its holdings in shares of RH by 355.6% in the first quarter. Virtu Financial LLC now owns 6,601 shares of the company’s stock worth $3,938,000 after buying an additional 5,152 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.
RH (NYSE:RH) last announced its quarterly earnings results on Tuesday, June 8th. The company reported $4.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.69. RH had a net margin of 9.54% and a return on equity of 207.69%. The firm had revenue of $860.79 million for the quarter, compared to the consensus estimate of $757.74 million. During the same period in the prior year, the firm posted $1.27 earnings per share. The company’s revenue for the quarter was up 82.0% on a year-over-year basis. As a group, research analysts expect that RH will post 20.92 earnings per share for the current year.
About RH (NYSE:RH)
RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, dÃ©cor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.
Featured Story: Initial Coin Offering (ICO)
Receive News & Ratings for RH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RH and related companies with MarketBeat.com's FREE daily email newsletter.