Wedbush Reaffirms “Outperform” Rating for RH (NYSE:RH)

RH (NYSE:RH)‘s stock had its “outperform” rating reissued by equities researchers at Wedbush in a report issued on Tuesday,RTT News reports. They presently have a $500.00 price objective on the stock. Wedbush’s price objective suggests a potential upside of 31.68% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company raised their price objective on RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Robert W. Baird raised their price target on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Telsey Advisory Group raised RH from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $485.00 to $500.00 in a research note on Thursday, December 19th. The Goldman Sachs Group raised RH from a “sell” rating to a “neutral” rating and raised their price objective for the company from $261.00 to $374.00 in a research note on Thursday, January 30th. Finally, Loop Capital raised their target price on RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, RH has an average rating of “Moderate Buy” and an average price target of $431.60.

RH Price Performance

Shares of RH traded down $2.63 during trading hours on Tuesday, reaching $379.70. 32,644 shares of the company’s stock traded hands, compared to its average volume of 514,348. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 109.10, a P/E/G ratio of 3.02 and a beta of 2.42. RH has a twelve month low of $212.43 and a twelve month high of $457.26. The business’s fifty day simple moving average is $409.78 and its two-hundred day simple moving average is $346.95.

RH (NYSE:RH) last announced its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The firm had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. During the same period in the prior year, the business earned ($0.42) EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts expect that RH will post 4.37 EPS for the current year.

Insider Activity at RH

In other RH news, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction on Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the transaction, the chief accounting officer now owns 484 shares in the company, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Keith Belling sold 500 shares of RH stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the transaction, the director now owns 5,470 shares of the company’s stock, valued at approximately $2,270,050. The trade was a 8.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,880 shares of company stock valued at $29,129,879 in the last 90 days. 28.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its stake in RH by 0.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company’s stock valued at $1,524,000 after acquiring an additional 29 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of RH by 6.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company’s stock worth $216,000 after buying an additional 31 shares during the period. Insight Advisors LLC PA raised its holdings in RH by 2.3% during the fourth quarter. Insight Advisors LLC PA now owns 1,449 shares of the company’s stock worth $571,000 after acquiring an additional 33 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in RH by 4.9% during the third quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock worth $250,000 after acquiring an additional 35 shares in the last quarter. Finally, US Bancorp DE raised its stake in RH by 14.6% in the fourth quarter. US Bancorp DE now owns 283 shares of the company’s stock valued at $111,000 after buying an additional 36 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

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.