Guggenheim Reaffirms “Buy” Rating for RH (NYSE:RH)

RH (NYSE:RH)‘s stock had its “buy” rating reiterated by equities researchers at Guggenheim in a note issued to investors on Wednesday,Benzinga reports. They currently have a $300.00 price target on the stock. Guggenheim’s price target would indicate a potential upside of 45.28% from the company’s current price.

Other equities analysts have also issued reports about the company. Telsey Advisory Group lowered their target price on RH from $280.00 to $255.00 and set an “outperform” rating on the stock in a research report on Monday, June 9th. Stifel Nicolaus dropped their price objective on shares of RH from $450.00 to $390.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Wells Fargo & Company set a $275.00 price objective on shares of RH in a report on Friday, June 13th. Bank of America upped their target price on shares of RH from $144.00 to $172.00 and gave the stock an “underperform” rating in a report on Wednesday, May 14th. Finally, Wedbush decreased their price objective on RH from $500.00 to $350.00 and set an “outperform” rating for the company in a report on Wednesday, March 26th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $271.56.

RH Trading Up 0.3%

Shares of NYSE RH opened at $206.50 on Wednesday. The firm’s 50-day moving average price is $191.04 and its 200-day moving average price is $274.61. RH has a 1-year low of $123.03 and a 1-year high of $457.26. The firm has a market capitalization of $3.87 billion, a P/E ratio of 49.17, a P/E/G ratio of 0.60 and a beta of 2.17.

RH (NYSE:RH) last issued its earnings results on Thursday, June 12th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.20. RH had a negative return on equity of 67.71% and a net margin of 2.57%. The business had revenue of $813.95 million during the quarter, compared to analyst estimates of $817.66 million. During the same period in the previous year, the company posted ($0.40) EPS. The firm’s revenue was up 12.0% compared to the same quarter last year. Equities research analysts forecast that RH will post 4.39 EPS for the current year.

Institutional Investors Weigh In On RH

Several large investors have recently made changes to their positions in the business. Alliancebernstein L.P. increased its stake in shares of RH by 1,960.8% during the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock worth $143,148,000 after purchasing an additional 346,050 shares during the last quarter. Atreides Management LP grew its holdings in RH by 69.1% during the first quarter. Atreides Management LP now owns 473,321 shares of the company’s stock valued at $110,951,000 after purchasing an additional 193,404 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in RH in the first quarter worth $35,057,000. Norges Bank purchased a new stake in RH in the fourth quarter worth $54,314,000. Finally, Raymond James Financial Inc. bought a new stake in shares of RH in the fourth quarter valued at $52,190,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

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.