RH (NYSE:RH) Rating Reiterated by Telsey Advisory Group

RH (NYSE:RH)‘s stock had its “market perform” rating reaffirmed by stock analysts at Telsey Advisory Group in a research note issued on Tuesday, Benzinga reports. They currently have a $290.00 target price on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 20.01% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Stifel Nicolaus initiated coverage on shares of RH in a research report on Tuesday, July 9th. They set a “buy” rating and a $315.00 price objective for the company. Wells Fargo & Company cut their price target on RH from $350.00 to $325.00 and set an “overweight” rating on the stock in a research note on Friday. StockNews.com raised RH to a “sell” rating in a research note on Friday, June 21st. TD Cowen cut their target price on shares of RH from $350.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, June 14th. Finally, BNP Paribas upgraded shares of RH to a “hold” rating in a research report on Friday, June 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $294.25.

RH Price Performance

Shares of NYSE:RH opened at $241.64 on Tuesday. The business’s 50 day simple moving average is $261.57 and its 200 day simple moving average is $266.14. RH has a 1 year low of $207.26 and a 1 year high of $354.86. The company has a market capitalization of $4.46 billion, a P/E ratio of 66.94, a P/E/G ratio of 1.07 and a beta of 2.42.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, June 13th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.32). The company had revenue of $726.96 million during the quarter, compared to the consensus estimate of $725.15 million. RH had a negative return on equity of 29.15% and a net margin of 2.72%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.21 EPS. On average, sell-side analysts anticipate that RH will post 7.4 EPS for the current fiscal year.

Insider Activity at RH

In related news, CEO Gary G. Friedman acquired 34,200 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were purchased at an average price of $215.00 per share, for a total transaction of $7,353,000.00. Following the completion of the acquisition, the chief executive officer now owns 3,339,263 shares of the company’s stock, valued at $717,941,545. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 28.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On RH

Several hedge funds and other institutional investors have recently modified their holdings of RH. Janus Henderson Group PLC increased its position in shares of RH by 0.4% during the first quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock worth $2,986,000 after acquiring an additional 38 shares in the last quarter. Insight Advisors LLC PA increased its holdings in RH by 2.8% during the 1st quarter. Insight Advisors LLC PA now owns 1,447 shares of the company’s stock worth $504,000 after purchasing an additional 39 shares in the last quarter. Pacer Advisors Inc. increased its holdings in RH by 1.7% during 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 in the last quarter. Tradition Wealth Management LLC raised its stake in shares of RH by 14.8% in the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after purchasing an additional 45 shares during the last quarter. Finally, Texas Permanent School Fund Corp lifted its holdings in shares of RH by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company’s stock valued at $4,659,000 after purchasing an additional 47 shares in the last quarter. 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.