1 week Ago By ABMN Staff
RH ( NYSE:RH – Free Report ) had its price objective lowered by Wells Fargo & Company from $350.00 to $325.00 in a research note published on Friday morning, Benzinga reports.
Wells Fargo & Company currently has an overweight rating on the stock. Several other equities analysts also recently commented on RH. Stifel Nicolaus initiated coverage on RH in a research report on Tuesday, July 9th.
They issued a buy rating and a $315.00 price objective on the stock. Telsey Advisory Group decreased their price objective on shares of RH from $320.
00 to $290.00 and set a market perform rating for the company in a report on Friday, June 14th. Morgan Stanley dropped their target price on shares of RH from $320.
00 to $300.00 and set an equal weight rating on the stock in a research note on Monday, June 17th. The Goldman Sachs Group decreased their price target on shares of RH from $264.
00 to $226.00 and set a sell rating for the company in a research note on Monday, June 17th. Finally, Loop Capital dropped their price objective on RH from $350.
00 to $230.00 and set a hold rating on the stock in a research note on Monday, June 17th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock.
According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $294.25.
View Our Latest Stock Report on RH RH Stock Performance RH ( NYSE:RH – Get Free Report ) last issued its quarterly earnings data on Thursday, June 13th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.
08) by ($0.32). RH had a negative return on equity of 29.
15% and a net margin of 2.72%. The business had revenue of $726.
96 million during the quarter, compared to analysts’ expectations of $725.15 million. During the same period in the previous year, the business earned $2.
21 earnings per share. The business’s quarterly revenue was down 1.7% on a year-over-year basis.
As a group, analysts forecast that RH will post 7.52 EPS for the current fiscal year. Insider Buying and Selling In related news, CEO Gary G.
Friedman acquired 34,200 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were acquired at an average cost of $215.00 per share, with a total value of $7,353,000.
00. Following the completion of the acquisition, the chief executive officer now directly owns 3,339,263 shares in the company, valued at approximately $717,941,545. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website .
28.10% of the stock is owned by insiders. Institutional Inflows and Outflows Several hedge funds have recently added to or reduced their stakes in the company.
Price T Rowe Associates Inc. MD boosted its holdings in shares of RH by 10.3% during the 1st quarter.
Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock worth $231,728,000 after purchasing an additional 62,198 shares during the last quarter. Anomaly Capital Management LP boosted its stake in RH by 503.
6% during the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock worth $85,365,000 after buying an additional 291,368 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in RH by 18.
0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after buying an additional 41,242 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of RH by 24.
2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 227,247 shares of the company’s stock worth $55,548,000 after acquiring an additional 44,278 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of RH by 58.
6% during the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after acquiring an additional 64,423 shares during the period. 90.
17% of the stock is owned by institutional investors and hedge funds. RH Company Profile ( Get Free Report ) 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.
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