RH (NYSE:RH) Lifted to “Sell” at StockNews.com

StockNews.com upgraded shares of RH (NYSE:RH) to a sell rating in a research note released on Thursday.

Several other equities research analysts have also issued reports on RH. 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. Wedbush upped their price target on shares of RH from $250.00 to $310.00 and gave the stock a neutral rating in a research report on Friday, September 13th. Barclays reduced their price target on shares of RH from $340.00 to $320.00 and set an equal weight rating for the company in a research report on Monday, September 16th. Citigroup upped their price target on shares of RH from $340.00 to $355.00 and gave the stock a buy rating in a research report on Friday, September 13th. Finally, BNP Paribas upgraded shares of RH to a hold rating in a research report on Friday, June 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $322.54.

RH Stock Down 1.3 %

RH stock opened at $344.28 on Thursday. The company’s 50-day simple moving average is $272.03 and its 200-day simple moving average is $268.65. RH has a 52-week low of $207.26 and a 52-week high of $354.86. The firm has a market cap of $6.35 billion, a P/E ratio of 95.37, a PEG ratio of 1.70 and a beta of 2.42.

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. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. During the same period in the prior year, the company posted $3.93 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts anticipate that RH will post 6.2 earnings per share for the current fiscal year.

Insider Buying and Selling at RH

In other news, CEO Gary G. Friedman purchased 34,200 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was acquired at an average price of $215.00 per share, for a total transaction of $7,353,000.00. Following the acquisition, the chief executive officer now directly owns 3,339,263 shares of the company’s stock, valued at $717,941,545. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Stefan Duban sold 4,285 shares of the firm’s 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 completion of the sale, the insider now owns 78 shares in the company, valued at approximately $27,016.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary G. Friedman acquired 34,200 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were bought at an average cost of $215.00 per share, with a total value of $7,353,000.00. Following the transaction, the chief executive officer now directly owns 3,339,263 shares in the company, valued at approximately $717,941,545. The disclosure for this purchase can be found here. 28.10% of the stock is owned by insiders.

Hedge Funds Weigh In On RH

A number of hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new position in shares of RH during the 2nd quarter worth approximately $601,000. Creative Planning boosted its position in RH by 4.2% in the 2nd quarter. Creative Planning now owns 2,426 shares of the company’s stock valued at $593,000 after buying an additional 97 shares during the period. Smith Thornton Advisors LLC purchased a new position in RH in the 2nd quarter valued at approximately $283,000. BlackBarn Capital Partners LP boosted its position in RH by 156.8% in the 2nd quarter. BlackBarn Capital Partners LP now owns 43,655 shares of the company’s stock valued at $10,671,000 after buying an additional 26,655 shares during the period. Finally, Point72 DIFC Ltd purchased a new position in RH in the 2nd quarter valued at approximately $1,289,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Company Profile

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.