BNP Paribas Reaffirms Underperform Rating for RH (NYSE:RH)

RH (NYSE:RH)‘s stock had its “underperform” rating reiterated by BNP Paribas in a research note issued on Wednesday. They currently have a $253.00 price objective on the stock. BNP Paribas’ price target would indicate a potential downside of 24.13% from the company’s previous close.

A number of other research analysts also recently issued reports on RH. Loop Capital boosted their price target on RH from $230.00 to $320.00 and gave the company a “hold” rating in a report on Monday, September 16th. Stifel Nicolaus boosted their target price on RH from $315.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Bank of America raised their price target on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. TD Cowen boosted their price objective on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, Barclays dropped their target price 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. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $326.14.

RH Price Performance

RH opened at $333.48 on Wednesday. RH has a 1 year low of $212.43 and a 1 year high of $367.00. The stock’s 50 day simple moving average is $318.95 and its 200 day simple moving average is $281.71. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 196.17, a PEG ratio of 1.86 and a beta of 2.43.

RH (NYSE:RH) last issued its earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.56 by $0.13. The company had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.93 earnings per share. As a group, sell-side analysts anticipate that RH will post 5.67 EPS for the current year.

Insider Buying and Selling

In other RH news, insider Stefan Duban sold 4,285 shares of RH 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 transaction, the insider now owns 78 shares in the company, valued at approximately $27,016.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Stefan Duban sold 4,285 shares of the firm’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 transaction, the insider now directly owns 78 shares in the company, valued at $27,016.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward T. Lee sold 2,000 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. 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 90 days. Insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

A number of large investors have recently added to or reduced their stakes in RH. Anomaly Capital Management LP boosted its holdings in shares of RH by 503.6% in the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock worth $85,365,000 after buying an additional 291,368 shares during the last quarter. Marshall Wace LLP grew its position in shares of RH by 58.6% during the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock valued at $42,612,000 after acquiring an additional 64,423 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of RH by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock worth $231,728,000 after purchasing an additional 62,198 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of RH by 77.0% in the 2nd quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock worth $31,462,000 after purchasing an additional 55,999 shares in the last quarter. Finally, Bamco Inc. NY lifted its position in RH by 128.3% during the first quarter. Bamco Inc. NY now owns 94,998 shares of the company’s stock valued at $33,084,000 after purchasing an additional 53,395 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.