The Goldman Sachs Group Upgrades RH (NYSE:RH) to “Neutral”

RH (NYSE:RH) was upgraded by The Goldman Sachs Group from a “sell” rating to a “neutral” rating in a report issued on Thursday, MarketBeat reports. The brokerage presently has a $374.00 target price on the stock, up from their prior target price of $261.00. The Goldman Sachs Group’s price target indicates a potential downside of 10.89% from the stock’s current price.

RH has been the topic of several other research reports. Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $435.00 to $530.00 in a report on Monday, January 13th. Barclays upgraded 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 report on Wednesday, January 8th. Robert W. Baird upped their price objective on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. BNP Paribas reiterated an “underperform” rating and set a $253.00 target price on shares of RH in a research report on Wednesday, November 13th. Finally, Loop Capital upped their price target on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $431.60.

RH Stock Down 3.1 %

RH stock opened at $419.70 on Thursday. The stock has a market cap of $7.81 billion, a PE ratio of 120.60, a P/E/G ratio of 9.66 and a beta of 2.43. RH has a 12-month low of $212.43 and a 12-month high of $457.26. The business’s 50-day moving average price is $405.98 and its two-hundred day moving average price is $336.63.

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

Insiders Place Their Bets

In other RH news, insider Eri Chaya sold 25,000 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $426.41, for a total value of $10,660,250.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Keith Belling sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the sale, the director now directly owns 5,470 shares of the company’s stock, valued at $2,270,050. This trade represents a 8.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,880 shares of company stock worth $29,129,879. 28.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RH

A number of institutional investors have recently modified their holdings of RH. Insight Advisors LLC PA boosted its stake in RH by 2.3% during the 4th quarter. Insight Advisors LLC PA now owns 1,449 shares of the company’s stock valued at $571,000 after purchasing an additional 33 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of RH by 4.9% in the third quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock valued at $250,000 after purchasing an additional 35 shares in the last quarter. UMB Bank n.a. boosted its position in shares of RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after buying an additional 39 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in RH by 4.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,356 shares of the company’s stock worth $534,000 after buying an additional 52 shares in the last quarter. Finally, Retirement Systems of Alabama raised its position in RH by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 18,204 shares of the company’s stock valued at $7,165,000 after buying an additional 55 shares during the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

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.