Guggenheim Reaffirms “Buy” Rating for RH (NYSE:RH)

RH (NYSE:RH)‘s stock had its “buy” rating restated by research analysts at Guggenheim in a note issued to investors on Wednesday,Benzinga reports. They presently have a $425.00 price objective on the stock. Guggenheim’s price objective would suggest a potential upside of 12.11% from the company’s current price.

Several other brokerages have also commented on RH. JPMorgan Chase & Co. decreased their price target on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Wells Fargo & Company upped their target price on RH from $325.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Loop Capital increased their price objective on RH from $230.00 to $320.00 and gave the stock a “hold” rating in a research report on Monday, September 16th. Stifel Nicolaus increased their target price on RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Finally, Bank of America raised their price objective on RH from $310.00 to $359.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $332.73.

RH Price Performance

Shares of NYSE:RH opened at $379.08 on Wednesday. The business’s 50 day moving average price is $338.87 and its 200-day moving average price is $290.72. The firm has a market capitalization of $6.99 billion, a PE ratio of 222.99, a P/E/G ratio of 2.14 and a beta of 2.44. RH has a 1 year low of $212.43 and a 1 year high of $398.22.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. The firm had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.93 earnings per share. As a group, analysts expect that RH will post 5.66 earnings per share for the current year.

Insider Activity at RH

In other news, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the transaction, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. The trade was a 98.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the transaction, the director now owns 10,914 shares of the company’s stock, valued at approximately $3,714,034.20. This represents a 15.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock valued at $2,871,935 over the last three months. 28.10% of the stock is owned by insiders.

Institutional Investors Weigh In On RH

A number of institutional investors have recently added to or reduced their stakes in RH. Nisa Investment Advisors LLC increased its holdings in shares of RH by 4.9% in the third quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock valued at $250,000 after buying an additional 35 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of RH by 1.7% in the second quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock valued at $572,000 after buying an additional 40 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of RH by 4.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock valued at $296,000 after buying an additional 47 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of RH by 3.6% in the third quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company’s stock valued at $579,000 after buying an additional 60 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of RH by 308.3% in the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after buying an additional 74 shares in the last quarter. 90.17% of the stock is currently 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.