RH (NYSE:RH) Upgraded at Barclays

Barclays upgraded shares of RH (NYSE:RH) from an equal weight rating to an overweight rating in a research report sent to investors on Wednesday morning, MarketBeat reports. The firm currently has $515.00 price target on the stock, up from their previous price target of $383.00.

RH has been the topic of a number of other reports. 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. Wells Fargo & Company lifted their price objective on RH from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Bank of America lifted their price objective on RH from $310.00 to $359.00 and gave the company a “buy” rating in a report on Friday, September 13th. Telsey Advisory Group raised RH from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $485.00 to $500.00 in a report on Thursday, December 19th. Finally, Guggenheim lifted their price objective on RH from $425.00 to $550.00 and gave the company a “buy” rating in a report on Friday, December 13th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $415.40.

RH Trading Up 1.6 %

Shares of NYSE:RH opened at $414.75 on Wednesday. RH has a 1 year low of $212.43 and a 1 year high of $457.26. The business has a fifty day simple moving average of $377.52 and a 200 day simple moving average of $318.33. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of 119.18, a P/E/G ratio of 2.73 and a beta of 2.43.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share (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 firm had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. During the same quarter in the prior year, the business posted ($0.42) earnings per share. RH’s revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts forecast that RH will post 5.63 EPS for the current year.

Insider Activity

In other news, insider Eri Chaya sold 10,000 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edward T. Lee sold 2,000 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The disclosure for this sale can be found here. Insiders sold 13,000 shares of company stock valued at $5,286,265 in the last quarter. Company insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

Hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its holdings 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 period. Pacer Advisors Inc. increased its holdings in shares of RH by 1.7% during the second quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock worth $572,000 after purchasing an additional 40 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of RH by 4.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock worth $296,000 after purchasing an additional 47 shares during the period. State of Alaska Department of Revenue increased its stake in RH by 3.6% in the third quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company’s stock valued at $579,000 after acquiring an additional 60 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in RH by 533.3% in the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after acquiring an additional 64 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.