RH (NYSE:RH) Earns “Outperform” Rating from Wedbush

Wedbush reaffirmed their outperform rating on shares of RH (NYSE:RH) in a research report report published on Monday morning,RTT News reports. The brokerage currently has a $500.00 target price on the stock.

A number of other brokerages also recently weighed in on RH. StockNews.com downgraded shares of RH from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Telsey Advisory Group upgraded RH from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $485.00 to $500.00 in a research note on Thursday, December 19th. JPMorgan Chase & Co. cut their target price on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Stifel Nicolaus upped their price target on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Barclays reduced their price objective on shares of RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $415.40.

RH Stock Up 0.8 %

NYSE RH opened at $407.20 on Monday. The firm has a market capitalization of $7.58 billion, a PE ratio of 117.01, a P/E/G ratio of 2.73 and a beta of 2.43. The stock’s 50 day moving average is $373.89 and its 200 day moving average is $316.37. RH has a twelve month low of $212.43 and a twelve month high of $457.26.

RH (NYSE:RH) last announced its earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The business had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 32.76%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.42) EPS. On average, research analysts anticipate that RH will post 5.63 earnings per share for the current year.

Insider Transactions at RH

In related news, insider Eri Chaya sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $416.27, for a total value of $4,162,700.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Keith Belling sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the sale, the director now owns 5,470 shares of the company’s stock, valued at $2,270,050. This trade represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,000 shares of company stock worth $5,286,265 in the last ninety days. Insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

A number of institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC increased its position in RH by 187.8% in the second quarter. Commonwealth Equity Services LLC now owns 2,438 shares of the company’s stock worth $596,000 after buying an additional 1,591 shares in the last quarter. National Bank of Canada FI grew its stake in shares of RH by 10.5% during the 2nd quarter. National Bank of Canada FI now owns 18,060 shares of the company’s stock valued at $4,302,000 after acquiring an additional 1,719 shares during the period. Victory Capital Management Inc. increased its holdings in RH by 77.0% in the 2nd quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock worth $31,462,000 after acquiring an additional 55,999 shares in the last quarter. Arizona State Retirement System raised its stake in RH by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 4,101 shares of the company’s stock worth $1,002,000 after acquiring an additional 95 shares during the period. Finally, X Square Capital LLC lifted its holdings in RH by 91.1% during the second quarter. X Square Capital LLC now owns 13,776 shares of the company’s stock valued at $3,367,000 after purchasing an additional 6,566 shares in the last quarter. 90.17% of the stock is owned by 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.