Wedbush Reaffirms Outperform Rating for RH (NYSE:RH)

RH (NYSE:RH)‘s stock had its “outperform” rating reiterated by stock analysts at Wedbush in a report issued on Friday,RTT News reports. They presently have a $500.00 target price on the stock, up from their previous target price of $430.00. Wedbush’s target price indicates a potential upside of 12.13% from the company’s previous close.

Several other brokerages have also commented on RH. Morgan Stanley boosted their target price on shares of RH from $310.00 to $435.00 and gave the stock an “equal weight” rating in a research report on Friday. Loop Capital boosted their price objective on shares of RH from $230.00 to $320.00 and gave the stock a “hold” rating in a research report on Monday, September 16th. Barclays decreased their price objective on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Bank of America boosted their price objective on shares of RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, BNP Paribas reiterated an “underperform” rating and issued a $253.00 price objective on shares of RH in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $377.07.

RH Trading Up 16.9 %

Shares of RH stock traded up $64.54 during trading on Friday, reaching $445.92. The company’s stock had a trading volume of 3,055,903 shares, compared to its average volume of 723,773. The company has a 50-day moving average price of $345.55 and a two-hundred day moving average price of $296.23. The firm 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 fifty-two week low of $212.43 and a fifty-two week high of $457.26.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a net margin of 1.13% and a negative return on equity of 11.29%. The firm had revenue of $811.73 million during the quarter, compared to analysts’ expectations of $812.19 million. During the same quarter last year, the business earned ($0.42) earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts predict that RH will post 5.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Stefan Duban sold 4,285 shares of the stock in a transaction that occurred 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 approximately $27,016.86. This represents a 98.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock worth $2,871,935 in the last 90 days. 28.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On RH

Several institutional investors and hedge funds have recently made changes to their positions in RH. Miracle Mile Advisors LLC acquired a new stake in shares of RH during the 2nd quarter valued at approximately $220,000. Raymond James & Associates increased its position in RH by 28.1% in the second quarter. Raymond James & Associates now owns 12,864 shares of the company’s stock worth $3,144,000 after buying an additional 2,820 shares during the period. Nisa Investment Advisors LLC increased its position in RH by 16.3% in the second quarter. Nisa Investment Advisors LLC now owns 712 shares of the company’s stock worth $174,000 after buying an additional 100 shares during the period. Neo Ivy Capital Management acquired a new stake in RH in the second quarter worth $1,837,000. Finally, Xcel Wealth Management LLC increased its position in RH by 10.1% in the second quarter. Xcel Wealth Management LLC now owns 122,938 shares of the company’s stock worth $30,051,000 after buying an additional 11,317 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

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.