Merrill Lynch analyst Merrill Lynch maintained a Buy rating on RH (NYSE:RH) on Thursday, setting a price target of $450, which is approximately 16.74% above the present share price of $385.46.
expects RH to post earnings per share (EPS) of -$0.17 for the third quarter of 2020.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in RH, with an average price target of $396.8.
The analysts price targets range from a high of $450 to a low of $232.
In its latest earnings report, released on 04/30/2020, the company reported a quarterly revenue of $482.9 million and a net profit of $35.45 million. The company's market cap is $6.19 billion.
According to TipRanks.com, Merrill Lynch analyst Merrill Lynch is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 7.5% and a 57.60% success rate.
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.