RH (NYSE:RH) Rating Increased to Hold at StockNews.com

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

A number of other analysts have also recently commented on RH. Stifel Nicolaus boosted their target price on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $383.00 to $515.00 in a report on Wednesday, January 8th. Telsey Advisory Group raised RH from a “market perform” rating to an “outperform” rating and increased their target price for the company from $485.00 to $500.00 in a report on Thursday, December 19th. BNP Paribas reaffirmed an “underperform” rating and issued a $253.00 price target on shares of RH in a research note on Wednesday, November 13th. Finally, Wedbush reissued an “outperform” rating and issued a $500.00 price objective on shares of RH in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, RH currently has an average rating of “Moderate Buy” and an average price target of $431.60.

RH Trading Down 10.1 %

Shares of RH opened at $216.62 on Tuesday. The firm has a market cap of $4.03 billion, a P/E ratio of 62.25, a PEG ratio of 2.65 and a beta of 2.50. RH has a 12 month low of $212.04 and a 12 month high of $457.26. The stock’s 50 day moving average is $375.24 and its two-hundred day moving average is $352.32.

RH (NYSE:RH) last released its quarterly earnings results 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). The company had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. RH’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.42) EPS. Equities research analysts forecast that RH will post 4.39 EPS for the current year.

Insiders Place Their Bets

In other news, Director Keith Belling sold 500 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total value of $207,500.00. Following the transaction, the director now owns 5,470 shares of the company’s stock, valued at $2,270,050. This represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total value of $11,261,250.00. The disclosure for this sale can be found here. Insiders have sold 66,880 shares of company stock valued at $29,129,879 over the last ninety days. Company insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC increased its holdings in RH by 0.7% in the 4th quarter. FMR LLC now owns 2,790,314 shares of the company’s stock valued at $1,098,240,000 after purchasing an additional 18,040 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of RH by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 1,402,010 shares of the company’s stock worth $551,817,000 after buying an additional 18,389 shares during the period. Anomaly Capital Management LP grew its stake in shares of RH by 9.6% in the fourth quarter. Anomaly Capital Management LP now owns 481,111 shares of the company’s stock valued at $189,360,000 after buying an additional 41,986 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of RH by 1,960.8% in the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock valued at $143,148,000 after buying an additional 346,050 shares during the period. Finally, Senvest Management LLC lifted its stake in RH by 35.6% during the 4th quarter. Senvest Management LLC now owns 315,368 shares of the company’s stock worth $124,126,000 after acquiring an additional 82,742 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

About RH

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.