RH (NYSE:RH) had its price objective boosted by analysts at JPMorgan Chase & Co. from $750.00 to $770.00 in a report issued on Thursday, The Fly reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 12.82% from the stock’s previous close.
Several other equities research analysts have also issued reports on the company. Wedbush raised their target price on RH from $520.00 to $550.00 and gave the company an “outperform” rating in a research report on Thursday, March 25th. Wells Fargo & Company lifted their price objective on shares of RH from $575.00 to $700.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 25th. Cowen boosted their target price on shares of RH from $600.00 to $680.00 and gave the company an “outperform” rating in a research note on Wednesday, April 14th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell initiated coverage on shares of RH in a research note on Monday, March 15th. They set a “buy” rating and a $560.00 price target for the company. Finally, Loop Capital upped their price objective on RH from $600.00 to $800.00 and gave the company a “buy” rating in a research note on Monday, May 10th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $644.53.
Shares of RH stock opened at $682.52 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.87 and a debt-to-equity ratio of 2.38. The company has a market cap of $14.33 billion, a P/E ratio of 71.92, a price-to-earnings-growth ratio of 1.98 and a beta of 2.50. RH has a 52-week low of $226.82 and a 52-week high of $733.05. The stock has a 50-day moving average price of $643.68.
RH (NYSE:RH) last released its earnings results on Tuesday, June 8th. The company reported $4.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.69. The company had revenue of $860.79 million during the quarter, compared to analyst estimates of $757.74 million. RH had a return on equity of 207.69% and a net margin of 9.54%. RH’s quarterly revenue was up 82.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.27 earnings per share. As a group, research analysts predict that RH will post 20.92 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in the business. Harbour Investments Inc. purchased a new position in RH during the first quarter worth about $26,000. Meridian Wealth Partners LLC bought a new stake in shares of RH during the 1st quarter valued at about $27,000. Semmax Financial Advisors Inc. purchased a new position in shares of RH during the first quarter worth about $27,000. TCI Wealth Advisors Inc. increased its position in shares of RH by 122.2% in the first quarter. TCI Wealth Advisors Inc. now owns 60 shares of the company’s stock worth $36,000 after purchasing an additional 33 shares during the last quarter. Finally, First Horizon Advisors Inc. purchased a new stake in RH in the first quarter valued at approximately $41,000. 96.07% 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. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, 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.
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