RH (NYSE:RH) Receives Outperform Rating from Wedbush

Wedbush reaffirmed their outperform rating on shares of RH (NYSE:RH) in a research report sent to investors on Monday morning,RTT News reports. The firm currently has a $500.00 target price on the stock.

A number of other analysts have also recently commented on RH. Barclays raised RH from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $383.00 to $515.00 in a research report on Wednesday, January 8th. StockNews.com cut RH from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $435.00 to $530.00 in a research report on Monday, January 13th. Stifel Nicolaus boosted their price target on RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Robert W. Baird boosted their price target on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Three 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $421.73.

RH Stock Performance

RH stock opened at $411.37 on Monday. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26. The business’s 50 day moving average price is $398.66 and its two-hundred day moving average price is $333.28. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 118.21, a price-to-earnings-growth ratio of 10.14 and a beta of 2.43.

RH (NYSE:RH) last posted its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. During the same quarter last year, the company posted ($0.42) EPS. The firm’s revenue was up 8.1% on a year-over-year basis. Sell-side analysts forecast that RH will post 4.37 earnings per share for the current year.

Insider Activity

In other news, Director Keith Belling sold 500 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $417.85, for a total value of $208,925.00. Following the completion of the sale, the director now directly owns 4,970 shares in the company, valued at $2,076,714.50. This represents a 9.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction on 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 in the last ninety days. 28.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RH

Hedge funds and other institutional investors have recently modified their holdings of the stock. Klein Pavlis & Peasley Financial Inc. increased its stake in RH by 3.4% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 4,157 shares of the company’s stock worth $1,636,000 after buying an additional 138 shares in the last quarter. Insight Advisors LLC PA increased its stake in RH by 2.3% in the 4th quarter. Insight Advisors LLC PA now owns 1,449 shares of the company’s stock worth $571,000 after buying an additional 33 shares in the last quarter. WT Asset Management Ltd purchased a new stake in RH in the 4th quarter worth $1,082,000. Retirement Systems of Alabama increased its stake in RH by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 18,204 shares of the company’s stock worth $7,165,000 after buying an additional 55 shares in the last quarter. Finally, Spire Wealth Management purchased a new stake in RH in the 4th quarter worth $80,000. 90.17% of the stock is currently 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.