RH (NYSE:RH) Raised to Hold at StockNews.com

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

Other research analysts have also issued research reports about the stock. Robert W. Baird increased their price target on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday. Guggenheim increased their target price on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday. Bank of America boosted their price target on RH from $310.00 to $359.00 and gave the company a “buy” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. dropped their price objective on RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Finally, BNP Paribas restated an “underperform” rating and issued a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $377.07.

RH Trading Up 17.0 %

Shares of NYSE:RH opened at $446.04 on Friday. The firm has a market capitalization of $8.23 billion, a PE ratio of 262.38, a PEG ratio of 2.44 and a beta of 2.44. RH has a 1-year low of $212.43 and a 1-year high of $457.26. The business’s 50 day moving average is $347.81 and its 200-day moving average is $297.56.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. During the same quarter in the prior year, the firm earned ($0.42) EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts predict that RH will post 5.63 EPS for the current year.

Insider Buying and Selling at RH

In other news, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction 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 sale, the insider now owns 78 shares in the company, valued at $27,016.86. The trade was a 98.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 completion of the transaction, the director now owns 10,914 shares in the company, valued at approximately $3,714,034.20. This represents a 15.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On RH

A number of institutional investors and hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its stake in 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 acquiring an additional 35 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of RH by 1.7% in the 2nd quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock worth $572,000 after purchasing an additional 40 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of RH by 4.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock worth $296,000 after purchasing an additional 47 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in 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 purchasing an additional 60 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in 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 purchasing an additional 74 shares during 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.