RH (NYSE:RH) Stock Rating Lowered by StockNews.com

RH (NYSE:RH) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other brokerages have also issued reports on RH. Robert W. Baird upped their target price on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Guggenheim increased their price objective 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. Wells Fargo & Company boosted their target price on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Barclays decreased their price target on RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Finally, Morgan Stanley upped their price objective on RH from $310.00 to $435.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $402.40.

RH Trading Up 2.6 %

NYSE RH opened at $398.26 on Friday. The company’s fifty day simple moving average is $355.73 and its 200-day simple moving average is $302.75. The stock has a market cap of $7.41 billion, a P/E ratio of 114.44, a PEG ratio of 2.73 and a beta of 2.44. RH has a 52 week low of $212.43 and a 52 week high of $457.26.

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 net margin of 2.25% and a negative return on equity of 32.76%. The firm had revenue of $811.73 million during the quarter, compared to analysts’ expectations of $812.19 million. During the same period in the previous year, the company earned ($0.42) earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, research analysts expect that RH will post 5.63 EPS for the current fiscal year.

Insider Transactions at RH

In related news, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Keith Belling sold 500 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was 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 directly owns 5,470 shares of the company’s stock, valued at $2,270,050. The trade was a 8.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 28.10% of the company’s stock.

Institutional Trading of RH

A number of hedge funds and other institutional investors have recently made changes to their positions in RH. Blue Trust Inc. lifted its holdings in shares of RH by 308.3% in the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after buying an additional 74 shares during the period. Ridgewood Investments LLC bought a new stake in shares of RH in the 2nd quarter worth approximately $62,000. Centaurus Financial Inc. bought a new stake in shares of RH in the 3rd quarter worth approximately $100,000. Ameliora Wealth Management Ltd. acquired a new stake in RH during the third quarter valued at approximately $110,000. Finally, Quarry LP bought a new stake in RH during the third quarter worth approximately $141,000. 90.17% of the stock is currently owned by 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.