RH (NYSE:RH) Rating Lowered to “Sell” at StockNews.com

RH (NYSE:RH) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Other analysts have also issued reports about the stock. Stifel Nicolaus boosted their price target 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. Robert W. Baird upped their target price on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Bank of America raised their price target on shares of RH from $310.00 to $359.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Loop Capital upped their price objective on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Finally, Wells Fargo & Company lifted their target price on RH from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $402.40.

RH Price Performance

Shares of RH opened at $398.26 on Friday. The firm has a 50-day simple moving average of $355.73 and a two-hundred day simple moving average of $302.38. RH has a 1-year low of $212.43 and a 1-year high of $457.26. The stock has a market cap of $7.41 billion, a PE ratio of 114.44, a P/E/G ratio of 2.73 and a beta of 2.44.

RH (NYSE:RH) last announced its 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). RH had a net margin of 2.25% and a negative return on equity of 32.76%. The firm had revenue of $811.73 million during the quarter, compared to analysts’ expectations of $812.19 million. During the same period in the previous year, the firm earned ($0.42) EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, sell-side analysts expect that RH will post 5.63 earnings per share for the current fiscal year.

Insider Buying and Selling at RH

In other news, insider Edward T. Lee sold 2,000 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Belling sold 500 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $2,270,050. This represents a 8.38 % decrease in their position. The disclosure for this sale can be found here. 28.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RH

Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. lifted its holdings in shares of RH by 308.3% during the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares during the period. Ridgewood Investments LLC purchased a new position in RH during the 2nd quarter worth $62,000. Centaurus Financial Inc. acquired a new stake in shares of RH in the 3rd quarter worth $100,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of RH in the third quarter valued at about $110,000. Finally, Quarry LP acquired a new position in shares of RH during the third quarter worth about $141,000. 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.