JPMorgan Chase & Co. Increases RH (NYSE:RH) Price Target to $345.00

RH (NYSE:RH) had its price target lifted by research analysts at JPMorgan Chase & Co. from $329.00 to $345.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 16.12% from the company’s current price.

A number of other research analysts have also recently weighed in on RH. Wedbush reaffirmed a “neutral” rating and issued a $275.00 price objective on shares of RH in a report on Friday, March 22nd. TD Cowen dropped their target price on shares of RH from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Friday, December 8th. Telsey Advisory Group reiterated a “market perform” rating and issued a $285.00 target price on shares of RH in a research report on Tuesday. StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. Finally, Morgan Stanley dropped their target price on shares of RH from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, RH presently has an average rating of “Hold” and an average price target of $316.71.

RH Stock Performance

RH opened at $297.10 on Thursday. RH has a fifty-two week low of $207.26 and a fifty-two week high of $406.38. The company has a fifty day moving average of $271.63 and a two-hundred day moving average of $268.34. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 2.85 and a beta of 2.43.

Insider Activity

In other news, insider Edward T. Lee sold 2,624 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $264.50, for a total value of $694,048.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 23.90% of the company’s stock.

Hedge Funds Weigh In On RH

Several large investors have recently made changes to their positions in RH. Creekmur Asset Management LLC acquired a new stake in RH during the 4th quarter worth approximately $25,000. KB Financial Partners LLC lifted its holdings in RH by 61.6% during the 1st quarter. KB Financial Partners LLC now owns 118 shares of the company’s stock worth $38,000 after buying an additional 45 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in RH during the 4th quarter worth approximately $35,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in RH during the 3rd quarter worth approximately $30,000. Finally, Quest Partners LLC acquired a new stake in RH during the 4th quarter worth approximately $37,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Company Profile

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, décor, outdoor and garden, and child and teen furnishings.