In a report released today, W. Andrew Carter from Stifel Nicolaus maintained a Buy rating on RH (RH – Research Report), with a price target of $375.00. The company’s shares closed yesterday at $334.07.
According to TipRanks, Andrew Carter is ranked #2548 out of 9079 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for RH with a $328.92 average price target.
Based on RH’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $829.66 million and a net profit of $28.95 million. In comparison, last year the company earned a revenue of $800.48 million and had a net profit of $76.48 million
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RH in relation to earlier this year. Last month, Mark Demilio, a Director at RH sold 3,000.00 shares for a total of $1,025,580.00.
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RH (RH) Company Description:
RH operates as a holding company which operates the business through its subsidiary Restoration Hardware, Inc. It offers furniture, lighting, textiles, bathware, decor, outdoor and garden, as well as baby and child products. The company operates an integrated business with multiple channels of distribution including galleries, source books and websites. The company was founded by Stephen J. Gordon in 1980 and is headquartered in Corte Madera, CA.
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