The RH (RH) Rating Reiterated by Bank of America Corp

The RH (RH) Rating Reiterated by Bank of America Corp

A number of other research analysts also recently commented on the company. Deutsche Bank AG boosted their price target on RH from $40.00 to $50.00 and gave the company a hold rating in a research note on Friday, May 12th. Wolfe Research boosted their target price on RH from $40.00 to $50.00 and gave the stock a peer perform rating in a research note on Friday, May 12th. Gordon Haskett assumed coverage on RH in a research note on Tuesday, May 9th. They set a hold rating and a $58.00 target price for the company. Loop Capital boosted their target price on RH from $31.00 to $45.00 and gave the stock a hold rating in a research note on Monday, May 8th. Finally, Buckingham Research upgraded RH from an underperform rating to a neutral rating in a report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $45.34.

Bank of America Corp reissued their buy rating on shares of RH (NYSE:RH) in a research report sent to investors on Monday, May 15th. Bank of America Corp currently has a $64.00 price target on the stock, up from their prior price target of $48.00.

RH (RH) opened at 42.54 on Monday. RH has a one year low of $24.41 and a one year high of $60.11. The firm has a 50-day moving average of $53.35 and a 200-day moving average of $38.22. The stock has a market capitalization of $1.53 billion, a PE ratio of 327.23 and a beta of 1.57. RH (NYSE:RH) last posted its quarterly earnings results on Thursday, June 1st. The company reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. The business had revenue of $562.10 million during the quarter, compared to the consensus estimate of $560.30 million. RH had a return on equity of 7.09% and a net margin of 1.33%. RH’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. On average, equities research analysts forecast that RH will post $1.87 earnings per share for the current year.

RH (RH) opened at 42.54 on Monday. RH has a one year low of $24.41 and a one year high of $60.11. The firm has a 50-day moving average of $53.35 and a 200-day moving average of $38.22. The stock has a market capitalization of $1.53 billion, a PE ratio of 327.23 and a beta of 1.57. A number of institutional investors have recently made changes to their positions in RH. Nordea Investment Management AB increased its stake in shares of RH by 3.2% in the third quarter. Nordea Investment Management AB now owns 224,456 shares of the company’s stock worth $7,762,000 after buying an additional 6,940 shares during the period. BlackRock Advisors LLC increased its stake in shares of RH by 12.5% in the third quarter. BlackRock Advisors LLC now owns 20,279 shares of the company’s stock worth $701,000 after buying an additional 2,252 shares during the period. BlackRock Inc. increased its stake in shares of RH by 50.4% in the third quarter. BlackRock Inc. now owns 33,610 shares of the company’s stock worth $1,162,000 after buying an additional 11,266 shares during the period. BlackRock Fund Advisors increased its stake in shares of RH by 6.7% in the third quarter. BlackRock Fund Advisors now owns 2,055,117 shares of the company’s stock valued at $71,066,000 after buying an additional 128,901 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of RH by 5.8% in the third quarter. New York State Common Retirement Fund now owns 54,301 shares of the company’s stock valued at $1,878,000 after buying an additional 3,000 shares during the last quarter.

RH Company Profile RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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