Wedbush restated their outperform rating on shares of RH (NYSE:RH – Free Report) in a report published on Monday morning,RTT News reports. Wedbush currently has a $500.00 price objective on the stock.
A number of other equities analysts have also recently commented on RH. BNP Paribas restated an “underperform” rating and set a $253.00 target price on shares of RH in a report on Wednesday, November 13th. Robert W. Baird raised their price objective on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Stifel Nicolaus upped their target price on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. decreased their price target on shares of RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Finally, Morgan Stanley upped their price objective on RH from $310.00 to $435.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $402.40.
Check Out Our Latest Stock Analysis on RH
RH Stock Performance
RH (NYSE:RH – Get Free Report) last released its quarterly 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). The business had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. RH had a negative return on equity of 32.76% and a net margin of 2.25%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.42) earnings per share. As a group, equities research analysts forecast that RH will post 5.63 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other RH news, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Keith Belling sold 500 shares of the 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. The trade was a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 28.10% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its stake in shares of RH by 4.9% during the third quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock worth $250,000 after purchasing an additional 35 shares during the last quarter. Pacer Advisors Inc. raised its position in RH by 1.7% during the 2nd quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock worth $572,000 after buying an additional 40 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of RH by 4.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock worth $296,000 after acquiring an additional 47 shares during the period. State of Alaska Department of Revenue increased its stake in shares of RH by 3.6% during the third quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company’s stock worth $579,000 after acquiring an additional 60 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after acquiring an additional 64 shares during the period. 90.17% of the stock is 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.
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