RH (NYSE:RH) Stock Rating Upgraded by StockNews.com

RH (NYSE:RH) was upgraded by StockNews.com to a “sell” rating in a research report issued to clients and investors on Thursday.

Several other equities research analysts have also recently weighed in on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $290.00 price target on shares of RH in a research report on Tuesday, September 10th. The Goldman Sachs Group decreased their target price on shares of RH from $264.00 to $226.00 and set a “sell” rating on the stock in a report on Monday, June 17th. Wells Fargo & Company increased their target price on shares of RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Stifel Nicolaus boosted their price target on shares of RH from $315.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Finally, Bank of America increased their price objective on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $322.54.

RH Trading Down 1.3 %

Shares of RH stock opened at $344.38 on Thursday. The firm’s 50 day moving average is $272.03 and its 200 day moving average is $268.65. The stock has a market capitalization of $6.35 billion, a P/E ratio of 95.40, a PEG ratio of 1.70 and a beta of 2.42. RH has a 12 month low of $207.26 and a 12 month high of $354.86.

RH (NYSE:RH) last posted its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.13. The firm had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.93 earnings per share. On average, equities analysts predict that RH will post 6.2 EPS for the current year.

Insider Transactions at RH

In other RH news, insider Stefan Duban sold 4,285 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the transaction, the insider now directly owns 78 shares in the company, valued at $27,016.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other RH news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the sale, the insider now directly owns 78 shares in the company, valued at $27,016.86. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total value of $680,600.00. Following the transaction, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. The disclosure for this sale can be found here. Company insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

Large investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new stake in RH in the 2nd quarter worth $601,000. Creative Planning grew its stake in shares of RH by 4.2% in the second quarter. Creative Planning now owns 2,426 shares of the company’s stock worth $593,000 after purchasing an additional 97 shares during the last quarter. Smith Thornton Advisors LLC purchased a new position in RH during the 2nd quarter valued at about $283,000. BlackBarn Capital Partners LP raised its position in RH by 156.8% during the 2nd quarter. BlackBarn Capital Partners LP now owns 43,655 shares of the company’s stock valued at $10,671,000 after purchasing an additional 26,655 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in RH in the 2nd quarter worth approximately $1,289,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

About RH

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.