RH (NYSE:RH) Upgraded at Wedbush

Wedbush upgraded shares of RH (NYSE:RH) from a neutral rating to an outperform rating in a research report sent to investors on Monday morning, Marketbeat reports. They currently have $430.00 price target on the stock, up from their prior price target of $310.00.

A number of other research firms have also recently issued reports on RH. Stifel Nicolaus upped their price objective on shares of RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Telsey Advisory Group reissued a “market perform” rating and set a $290.00 target price on shares of RH in a report on Tuesday, September 10th. JPMorgan Chase & Co. reduced their target price on shares of RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Morgan Stanley boosted their target price on shares of RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Finally, Wells Fargo & Company boosted their target price on shares of RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, RH presently has an average rating of “Hold” and a consensus target price of $331.77.

RH Trading Up 0.4 %

Shares of NYSE:RH opened at $327.15 on Monday. The firm has a 50 day moving average of $304.91 and a 200-day moving average of $275.40. The stock has a market capitalization of $6.03 billion, a PE ratio of 192.44, a PEG ratio of 1.92 and a beta of 2.43. RH has a 12 month low of $207.26 and a 12 month high of $367.00.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. The business had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.93 EPS. On average, research analysts predict that RH will post 5.61 EPS for the current fiscal year.

Insider Activity at RH

In related news, insider Edward T. Lee sold 2,000 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Edward T. Lee sold 2,000 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction 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 transaction, the insider now owns 78 shares in the company, valued at $27,016.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,285 shares of company stock worth $2,871,935 in the last quarter. Company insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in shares of 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 buying an additional 74 shares in the last quarter. Hollencrest Capital Management bought a new position in shares of RH in the first quarter valued at $47,000. Ridgewood Investments LLC bought a new position in shares of RH in the second quarter valued at $62,000. Ameliora Wealth Management Ltd. bought a new position in shares of RH in the third quarter valued at $110,000. Finally, CWM LLC lifted its position in shares of RH by 47.2% during the third quarter. CWM LLC now owns 468 shares of the company’s stock valued at $157,000 after purchasing an additional 150 shares in the last quarter. 90.17% of the stock is owned by institutional investors.

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.