StockNews.com Upgrades RH (NYSE:RH) to Hold

RH (NYSE:RH) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company raised their price target on RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Guggenheim lifted their target price on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. BNP Paribas reissued an “underperform” rating and set a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Loop Capital raised their price target on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Finally, Stifel Nicolaus boosted their price objective on shares of RH from $420.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $431.60.

RH Trading Up 4.5 %

Shares of RH opened at $240.97 on Tuesday. RH has a twelve month low of $212.43 and a twelve month high of $457.26. The company’s fifty day simple moving average is $378.81 and its 200-day simple moving average is $353.27. The company has a market cap of $4.48 billion, a P/E ratio of 69.24, a P/E/G ratio of 2.65 and a beta of 2.50.

RH (NYSE:RH) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $812.19 million. During the same period last year, the company earned ($0.42) earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Analysts predict that RH will post 4.39 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Eri Chaya sold 25,000 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $426.41, for a total transaction of $10,660,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the completion of the sale, the director now owns 5,470 shares of the company’s stock, valued at approximately $2,270,050. This trade represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,880 shares of company stock worth $29,129,879. 28.10% of the stock is currently owned by company insiders.

Institutional Trading of RH

A number of institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its stake in RH by 0.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company’s stock valued at $1,524,000 after buying an additional 29 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of RH by 6.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company’s stock valued at $216,000 after acquiring an additional 31 shares in the last quarter. Insight Advisors LLC PA raised its position in shares of RH by 2.3% in 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. US Bancorp DE boosted its stake in RH by 14.6% in the 4th quarter. US Bancorp DE now owns 283 shares of the company’s stock worth $111,000 after purchasing an additional 36 shares in the last quarter. Finally, UMB Bank n.a. grew its position in RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares during the last quarter. 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.