RH (NYSE:RH) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of RH (NYSE:RH) from a sell rating to a hold rating in a report published on Friday.

A number of other brokerages have also commented on RH. Morgan Stanley lifted their price target on shares of RH from $310.00 to $435.00 and gave the stock an “equal weight” rating in a report on Friday. Loop Capital upped their price target on RH from $230.00 to $320.00 and gave the company a “hold” rating in a research report on Monday, September 16th. Bank of America raised their price objective on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Telsey Advisory Group lifted their price objective on RH from $290.00 to $330.00 and gave the stock a “market perform” rating in a research note on Monday, December 9th. Finally, TD Cowen increased their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $377.07.

RH Stock Up 16.9 %

RH stock opened at $445.92 on Friday. The stock has a market cap of $8.22 billion, a PE ratio of 262.31, a P/E/G ratio of 2.44 and a beta of 2.44. RH has a 12-month low of $212.43 and a 12-month high of $457.26. The business’s 50-day moving average price is $345.55 and its two-hundred day moving average price is $296.23.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a negative return on equity of 11.29% and a net margin of 1.13%. The company had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. During the same quarter in the prior year, the company earned ($0.42) earnings per share. RH’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, analysts expect that RH will post 5.63 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Edward T. Lee sold 2,000 shares of RH 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 Securities & Exchange Commission, which can be accessed through this link. Also, insider Stefan Duban sold 4,285 shares of the company’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 owns 78 shares of the company’s stock, valued at $27,016.86. This trade represents a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock worth $2,871,935 over the last ninety days. 28.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RH

Large investors have recently modified their holdings of the company. Texas Permanent School Fund Corp raised its position in RH by 25.3% in the 2nd quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock worth $4,098,000 after purchasing an additional 3,387 shares during the period. Lisanti Capital Growth LLC purchased a new stake in RH during the 3rd quarter valued at about $3,251,000. Virtu Financial LLC bought a new position in RH during the 3rd quarter worth approximately $4,268,000. Invst LLC purchased a new position in RH in the 3rd quarter worth approximately $752,000. Finally, Cerity Partners LLC lifted its position in RH by 139.7% in the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after purchasing an additional 1,506 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other 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.