RH (NYSE:RH) Rating Lowered to Sell at StockNews.com

StockNews.com downgraded shares of RH (NYSE:RH) from a hold rating to a sell rating in a research note published on Saturday morning.

Other equities research analysts have also issued research reports about the stock. Citigroup boosted their price target on shares of RH from $340.00 to $355.00 and gave the company a “buy” rating in a report on Friday, September 13th. Loop Capital increased their target price on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Barclays lowered their price target on RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Robert W. Baird increased their target price on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, TD Cowen lifted their price target on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 13th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $402.40.

RH Stock Up 2.6 %

RH stock opened at $398.26 on Friday. RH has a twelve month low of $212.43 and a twelve month high of $457.26. The company has a market cap of $7.41 billion, a PE ratio of 114.44, a price-to-earnings-growth ratio of 2.73 and a beta of 2.44. The business’s 50-day simple moving average is $355.73 and its 200 day simple moving average is $302.61.

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

Insider Buying and Selling

In related news, insider Edward T. Lee sold 2,000 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction, the director now owns 5,470 shares of the company’s stock, valued at approximately $2,270,050. This represents a 8.38 % decrease in their position. The disclosure for this sale can be found here. 28.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RH

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its position in shares of RH by 4.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock valued at $250,000 after purchasing an additional 35 shares during the period. Pacer Advisors Inc. increased its position in shares of RH by 1.7% during the second quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock worth $572,000 after acquiring an additional 40 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of RH by 4.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock worth $296,000 after acquiring an additional 47 shares during the period. State of Alaska Department of Revenue lifted its position in RH by 3.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company’s stock valued at $579,000 after acquiring an additional 60 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares during the period. 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.