RH (NYSE:RH) Upgraded at StockNews.com

StockNews.com upgraded shares of RH (NYSE:RH) from a sell rating to a hold rating in a research note released on Friday morning.

RH has been the subject of several other reports. Robert W. Baird upped their target price on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday. Loop Capital upped their price objective on shares of RH from $230.00 to $320.00 and gave the company a “hold” rating in a research report on Monday, September 16th. Wedbush reiterated an “outperform” rating and issued a $500.00 target price (up previously from $430.00) on shares of RH in a research note on Friday. BNP Paribas restated an “underperform” rating and set a $253.00 price target on shares of RH in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. cut their price target on RH from $345.00 to $338.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $377.07.

RH Stock Performance

RH stock opened at $446.04 on Friday. The business’s 50-day simple moving average is $347.81 and its 200-day simple moving average is $297.88. RH has a 52 week low of $212.43 and a 52 week high of $457.26. The firm has a market capitalization of $8.22 billion, a PE ratio of 128.17, a PEG ratio of 2.73 and a beta of 2.44.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a negative return on equity of 32.76% and a net margin of 2.25%. The business had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. During the same period in the prior year, the firm earned ($0.42) earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Research analysts forecast that RH will post 5.63 earnings per share for the current year.

Insider Buying and Selling at RH

In related news, insider Stefan Duban sold 4,285 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the sale, the insider now directly owns 78 shares in the company, valued at $27,016.86. This represents a 98.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. Insiders have sold 8,285 shares of company stock worth $2,871,935 over the last three months. Company insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Several large investors have recently made changes to their positions in the business. Inspire Trust Co. N.A. raised its holdings in shares of RH by 8.6% in the third quarter. Inspire Trust Co. N.A. now owns 5,065 shares of the company’s stock valued at $1,694,000 after buying an additional 400 shares during the last quarter. Blankinship & Foster LLC bought a new stake in RH during the 3rd quarter worth about $846,000. Sanctuary Advisors LLC increased its position in RH by 55.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 3,755 shares of the company’s stock valued at $1,382,000 after acquiring an additional 1,341 shares in the last quarter. Virtu Financial LLC bought a new position in shares of RH in the third quarter worth about $4,268,000. Finally, Invst LLC acquired a new position in shares of RH during the third quarter worth approximately $752,000. Institutional investors own 90.17% of the company’s stock.

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.