Robert W. Baird Boosts RH (NYSE:RH) Price Target to $230.00

RH (NYSE:RH) had its target price raised by Robert W. Baird from $215.00 to $230.00 in a report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 25.82% from the stock’s current price.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. dropped their price objective on RH from $510.00 to $250.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Wedbush dropped their price target on RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 26th. Telsey Advisory Group reduced their price objective on RH from $280.00 to $255.00 and set an “outperform” rating for the company in a research note on Monday, June 9th. Morgan Stanley reduced their price target on shares of RH from $530.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $250.00 target price (down previously from $300.00) on shares of RH in a research note on Monday, June 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $272.50.

RH Stock Down 3.4%

Shares of RH opened at $182.81 on Monday. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 43.53, a price-to-earnings-growth ratio of 0.53 and a beta of 2.19. RH has a 52-week low of $123.03 and a 52-week high of $457.26. The stock has a 50 day moving average price of $185.06 and a 200 day moving average price of $290.37.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, June 12th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.20. RH had a net margin of 2.57% and a negative return on equity of 67.71%. The business had revenue of $813.95 million during the quarter, compared to the consensus estimate of $817.66 million. During the same quarter in the previous year, the firm earned ($0.40) EPS. The company’s revenue was up 12.0% compared to the same quarter last year. On average, equities analysts anticipate that RH will post 4.39 EPS for the current fiscal year.

Hedge Funds Weigh In On RH

A number of large investors have recently modified their holdings of RH. Empowered Funds LLC purchased a new position in shares of RH in the 4th quarter valued at about $620,000. L.M. Kohn & Company acquired a new position in RH during the fourth quarter worth about $289,000. CIBC Asset Management Inc purchased a new position in RH in the fourth quarter valued at about $219,000. Truist Financial Corp acquired a new stake in shares of RH during the 4th quarter valued at approximately $227,000. Finally, Fortis Group Advisors LLC purchased a new stake in shares of RH during the 4th quarter worth approximately $1,907,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

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.