RH (NYSE:RH) Receives Outperform Rating from Wedbush

Wedbush restated their outperform rating on shares of RH (NYSE:RH) in a report published on Tuesday,RTT News reports. They currently have a $500.00 target price on the stock.

Several other research analysts also recently weighed in on RH. BNP Paribas restated an “underperform” rating and set a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $435.00 to $530.00 in a research report on Monday, January 13th. Wells Fargo & Company upped their price objective on RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Guggenheim boosted their target price on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Loop Capital raised 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $431.60.

RH Price Performance

Shares of NYSE RH opened at $388.16 on Tuesday. RH has a 1 year low of $212.43 and a 1 year high of $457.26. The firm has a 50-day simple moving average of $409.49 and a two-hundred day simple moving average of $347.70. The company has a market cap of $7.22 billion, a P/E ratio of 111.54, a PEG ratio of 3.02 and a beta of 2.42.

RH (NYSE:RH) last announced its earnings results on Thursday, December 12th. The company reported $2.48 EPS 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 during the quarter, compared to the consensus estimate of $812.19 million. During the same quarter in the prior year, the firm posted ($0.42) earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities research analysts expect that RH will post 4.37 EPS for the current year.

Insider Buying and Selling at RH

In other news, insider Eri Chaya sold 25,000 shares of the business’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith Belling sold 500 shares of the firm’s stock in a transaction 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 sale, the director now owns 5,470 shares in the company, valued at $2,270,050. This trade represents a 8.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,880 shares of company stock valued at $29,129,879 in the last ninety days. Insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Alliancebernstein L.P. increased its holdings in shares of RH by 1,960.8% in the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock worth $143,148,000 after acquiring an additional 346,050 shares during the period. Norges Bank acquired a new stake in shares of RH in the fourth quarter worth $54,314,000. Raymond James Financial Inc. acquired a new position in shares of RH during the 4th quarter worth $52,190,000. Freestone Grove Partners LP bought a new position in RH during the fourth quarter valued at about $44,744,000. Finally, American Century Companies Inc. raised its stake in shares of RH by 2,227.7% in the 4th quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock valued at $41,603,000 after acquiring an additional 101,160 shares in the last quarter. 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.