RH (NYSE:RH) Stock Rating Upgraded by Wedbush

RH (NYSE:RH) was upgraded by stock analysts at Wedbush from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The brokerage currently has a $430.00 price target on the stock, up from their previous price target of $310.00. Wedbush’s price target would indicate a potential upside of 27.65% from the stock’s previous close.

RH has been the topic of several other reports. Barclays dropped their target price on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Wells Fargo & Company increased their price objective on shares of RH from $325.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Morgan Stanley boosted their price objective on shares of RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. lowered their target price on RH from $345.00 to $338.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Finally, Robert W. Baird lifted their price target on RH from $275.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, RH presently has an average rating of “Hold” and an average price target of $331.77.

RH Price Performance

Shares of RH stock opened at $336.86 on Monday. RH has a one year low of $207.26 and a one year high of $367.00. The company has a market capitalization of $6.21 billion, a P/E ratio of 198.15, a P/E/G ratio of 2.02 and a beta of 2.43. The company’s 50-day simple moving average is $302.37 and its two-hundred day simple moving average is $274.68.

RH (NYSE:RH) last issued its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business had revenue of $829.66 million during the quarter, compared to analyst estimates of $824.52 million. During the same period in the previous year, the company posted $3.93 EPS. RH’s revenue was up 3.6% on a year-over-year basis. On average, research analysts expect that RH will post 5.61 EPS for the current fiscal year.

Insider Buying and Selling at RH

In related news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the completion of the transaction, the director now owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total value of $680,600.00. Following the transaction, the director now owns 10,914 shares in the company, valued at approximately $3,714,034.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stefan Duban sold 4,285 shares of RH stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the sale, the insider now owns 78 shares of the company’s stock, valued at approximately $27,016.86. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On RH

Several hedge funds have recently added to or reduced their stakes in RH. Anomaly Capital Management LP raised its stake in shares of RH by 503.6% during the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after buying an additional 291,368 shares during the last quarter. Marshall Wace LLP grew its holdings in RH by 58.6% during the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after acquiring an additional 64,423 shares during the period. Price T Rowe Associates Inc. MD raised its position in RH by 10.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock valued at $231,728,000 after acquiring an additional 62,198 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in RH by 77.0% in the second quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock valued at $31,462,000 after acquiring an additional 55,999 shares during the period. Finally, Bamco Inc. NY boosted its position in RH by 128.3% in the 1st quarter. Bamco Inc. NY now owns 94,998 shares of the company’s stock worth $33,084,000 after purchasing an additional 53,395 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

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.