RH (NYSE:RH) Upgraded at StockNews.com

RH (NYSE:RH) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research note issued to investors on Thursday.

Several other research analysts also recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of RH from $325.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. lowered their price objective on shares of RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research report on Monday. Loop Capital boosted their price objective on shares of RH from $230.00 to $320.00 and gave the company a “hold” rating in a research report on Monday. Stifel Nicolaus boosted their price objective on shares of RH from $315.00 to $375.00 and gave the company a “buy” rating in a research report on Monday. Finally, Robert W. Baird boosted their target price on shares of RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, September 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $322.54.

RH Trading Up 1.3 %

NYSE RH opened at $335.15 on Thursday. RH has a 1-year low of $207.26 and a 1-year high of $354.86. The company has a 50 day moving average of $268.99 and a 200-day moving average of $267.58. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 92.84, a PEG ratio of 1.13 and a beta of 2.42.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 10.63%. The company had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. During the same period in the previous year, the business earned $3.93 earnings per share. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. On average, equities research analysts forecast that RH will post 7.29 earnings per share for the current year.

Insider Buying and Selling at RH

In other news, CEO Gary G. Friedman purchased 34,200 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were acquired at an average price of $215.00 per share, with a total value of $7,353,000.00. Following the completion of the transaction, the chief executive officer now owns 3,339,263 shares of the company’s stock, valued at approximately $717,941,545. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

Several institutional investors have recently made changes to their positions in the stock. Anomaly Capital Management LP raised its holdings in shares of RH by 503.6% in the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock worth $85,365,000 after acquiring an additional 291,368 shares during the last quarter. Norges Bank acquired a new stake in shares of RH in the 4th quarter worth about $38,736,000. Granahan Investment Management LLC acquired a new stake in shares of RH in the 4th quarter worth about $24,915,000. Marshall Wace LLP raised its holdings in shares of RH by 58.6% in the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after acquiring an additional 64,423 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings 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 acquiring an additional 62,198 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

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.