RH (NYSE:RH) Upgraded to “Overweight” at Morgan Stanley

Morgan Stanley upgraded shares of RH (NYSE:RH) from an equal weight rating to an overweight rating in a report published on Monday, MarketBeat reports. Morgan Stanley currently has $530.00 price target on the stock, up from their previous price target of $435.00.

Other equities research analysts also recently issued reports about the stock. Guggenheim boosted their price objective on shares of RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Stifel Nicolaus upped their price target on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Loop Capital raised their price objective on RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Finally, Telsey Advisory Group upgraded 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 research note on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, RH has a consensus rating of “Hold” and a consensus price target of $421.73.

RH Trading Up 1.2 %

Shares of RH opened at $418.76 on Monday. RH has a twelve month low of $212.43 and a twelve month high of $457.26. The firm has a market capitalization of $7.79 billion, a P/E ratio of 120.33, a price-to-earnings-growth ratio of 2.73 and a beta of 2.43. The stock’s fifty day simple moving average is $379.30 and its 200 day simple moving average is $321.02.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.19). The firm had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. RH had a negative return on equity of 32.76% and a net margin of 2.25%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.42) earnings per share. Sell-side analysts predict that RH will post 5.63 earnings per share for the current year.

Insider Buying and Selling at RH

In other RH news, Director Keith Belling sold 500 shares of RH stock in a transaction on Monday, January 6th. The shares were sold at an average price of $417.85, for a total value of $208,925.00. Following the completion of the transaction, the director now owns 4,970 shares of the company’s stock, valued at $2,076,714.50. The trade was a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Edward T. Lee sold 2,000 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The disclosure for this sale can be found here. Insiders have sold 13,000 shares of company stock worth $5,286,265 in the last ninety days. 28.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Versant Capital Management Inc increased its position in RH by 7,000.0% in the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after buying an additional 70 shares during the period. GAMMA Investing LLC increased its holdings in shares of RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after acquiring an additional 64 shares during the period. Blue Trust Inc. lifted its position in RH by 308.3% in the 3rd 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. Centaurus Financial Inc. acquired a new position in RH during the 3rd quarter valued at about $100,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in RH during the 3rd quarter valued at about $110,000. 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.