RH (NYSE:RH) Receives Buy Rating from Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of RH (NYSE:RH) in a research report released on Monday morning,Benzinga reports. Stifel Nicolaus currently has a $420.00 price target on the stock, up from their previous price target of $375.00.

Other research analysts have also issued research reports about the company. Bank of America lifted their target price 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 raised their price target on shares of RH from $290.00 to $330.00 and gave the stock a “market perform” rating in a research report on Monday. StockNews.com raised shares of RH to a “sell” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. lowered their target price on RH from $345.00 to $338.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Finally, Wedbush raised RH from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $310.00 to $430.00 in a report on Monday, October 21st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $338.40.

RH Price Performance

RH stock opened at $396.80 on Monday. The firm’s fifty day moving average price is $342.27 and its 200 day moving average price is $293.98. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of 233.41, a price-to-earnings-growth ratio of 2.15 and a beta of 2.44. RH has a 12-month low of $212.43 and a 12-month high of $400.49.

RH (NYSE:RH) last issued its quarterly earnings data 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 negative return on equity of 11.29% and a net margin of 1.13%. The firm had revenue of $829.66 million during the quarter, compared to analyst estimates of $824.52 million. During the same quarter last year, the firm earned $3.93 EPS. RH’s quarterly revenue was up 3.6% on a year-over-year basis. Analysts forecast that RH will post 5.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other RH news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total value of $680,600.00. Following the completion of the sale, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. The trade was a 15.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stefan Duban sold 4,285 shares of the 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 transaction, the insider now owns 78 shares in the company, valued at approximately $27,016.86. This trade represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,285 shares of company stock worth $2,871,935. Corporate insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

A number of large investors have recently bought and sold shares of RH. Blue Trust Inc. grew its position in shares of RH by 308.3% in the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after purchasing an additional 74 shares during the last quarter. Ridgewood Investments LLC bought a new stake in RH in the 2nd quarter valued at $62,000. Centaurus Financial Inc. bought a new position in shares of RH during the 3rd quarter worth about $100,000. Ameliora Wealth Management Ltd. acquired a new position in shares of RH during the third quarter valued at about $110,000. Finally, Quarry LP bought a new stake in shares of RH in the third quarter valued at about $141,000. 90.17% of the stock is currently owned by 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.