RH (RH) Gets a Hold Rating from Cowen & Co.

By Austin Angelo

In a report issued on June 13, Oliver Chen from Cowen & Co. maintained a Hold rating on RH (RHResearch Report), with a price target of $120. The company’s shares closed yesterday at $113.16.

According to TipRanks.com, Chen is a 4-star analyst with an average return of 6.3% and a 51.5% success rate. Chen covers the Services sector, focusing on stocks such as Capri Holdings Limited, Ulta Beauty Inc, and Planet Fitness.

RH has an analyst consensus of Moderate Buy, with a price target consensus of $125.70, implying an 11.1% upside from current levels. In a report issued on June 4, Gordon Haskett Capital Corporation also upgraded the stock to Hold with a $88 price target.

See today’s analyst top recommended stocks >>

Based on RH’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $35.72 million. In comparison, last year the company had a net profit of $28.06 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.