RH’s (RH) Outperform Rating Reaffirmed at Wedbush

Wedbush reissued their outperform rating on shares of RH (NYSE:RH) in a research report report published on Monday,RTT News reports. Wedbush currently has a $500.00 price target on the stock.

A number of other research firms also recently commented on RH. JPMorgan Chase & Co. decreased their target price on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Loop Capital raised their target price on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Robert W. Baird upped their price target on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, Guggenheim increased their price target on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $402.40.

RH Stock Up 2.5 %

NYSE:RH opened at $415.66 on Monday. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26. The firm’s fifty day simple moving average is $368.52 and its 200-day simple moving average is $313.02. The stock has a market cap of $7.73 billion, a PE ratio of 119.44, a price-to-earnings-growth ratio of 2.73 and a beta of 2.43.

RH (NYSE:RH) last issued its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share 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 company had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. During the same quarter in the previous year, the company posted ($0.42) earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities analysts anticipate that RH will post 5.63 earnings per share for the current year.

Insider Activity at RH

In other news, Director Keith Belling sold 500 shares of the company’s stock in a transaction on 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 in the company, valued at $2,270,050. This represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Edward T. Lee sold 2,000 shares of the stock in a transaction on Friday, October 18th. The stock was 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 own 28.10% of the company’s stock.

Institutional Trading of RH

A number of institutional investors have recently modified their holdings of the company. Anomaly Capital Management LP lifted its position in RH by 503.6% during the second 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 in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of RH by 141.5% during the 3rd quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock valued at $53,375,000 after acquiring an additional 93,500 shares in the last quarter. Marshall Wace LLP boosted its position in RH by 58.6% during the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after purchasing an additional 64,423 shares during the period. Victory Capital Management Inc. increased its holdings in RH by 77.0% in the 2nd quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock valued at $31,462,000 after purchasing an additional 55,999 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in RH by 18.0% in the second quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after purchasing an additional 41,242 shares during the period. Hedge funds and other 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.