Bank of America Forecasts Strong Price Appreciation for RH (NYSE:RH) Stock

RH (NYSE:RH) had its target price raised by Bank of America from $144.00 to $172.00 in a research report report published on Wednesday,Benzinga reports. Bank of America currently has an underperform rating on the stock.

RH has been the topic of a number of other reports. JPMorgan Chase & Co. cut their target price on shares of RH from $510.00 to $250.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Wedbush decreased their price objective on RH from $500.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, March 26th. Loop Capital dropped their target price on RH from $450.00 to $190.00 and set a “hold” rating on the stock in a report on Friday, April 4th. The Goldman Sachs Group cut their price objective on shares of RH from $276.00 to $194.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. Finally, StockNews.com downgraded shares of RH from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $275.94.

RH Price Performance

NYSE:RH opened at $209.49 on Wednesday. The firm has a market capitalization of $3.92 billion, a PE ratio of 60.20, a price-to-earnings-growth ratio of 2.65 and a beta of 2.36. The business’s fifty day moving average price is $198.31 and its 200 day moving average price is $314.51. RH has a 12 month low of $123.03 and a 12 month high of $457.26.

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

Hedge Funds Weigh In On RH

Several institutional investors and hedge funds have recently bought and sold shares of RH. UMB Bank n.a. boosted its position in RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares during the period. GAMMA Investing LLC boosted its position in shares of RH by 533.3% in the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after buying an additional 64 shares during the period. Sunbelt Securities Inc. grew its stake in shares of RH by 690.0% in the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock valued at $31,000 after buying an additional 69 shares in the last quarter. Rakuten Securities Inc. raised its holdings in shares of RH by 180.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after buying an additional 72 shares during the period. Finally, AlphaQuest LLC acquired a new position in RH during the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

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.