RH (NYSE:RH) Raised to Outperform at Wedbush

RH (NYSE:RH) was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating in a research report issued on Monday, Briefing.com reports. The firm presently has a $430.00 price target on the stock. Wedbush’s price target indicates a potential upside of 21.29% from the company’s current price.

Other analysts also recently issued research reports about the company. Citigroup increased their target price on RH from $340.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Wells Fargo & Company raised their price objective on shares of RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. cut their target price on shares of RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. StockNews.com raised shares of RH to a “sell” rating in a report on Thursday, September 19th. Finally, Bank of America boosted their price objective on shares of RH from $310.00 to $359.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $331.77.

RH Trading Up 1.8 %

Shares of RH stock opened at $354.52 on Monday. The firm has a fifty day simple moving average of $298.81 and a 200-day simple moving average of $273.82. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 208.54, a PEG ratio of 1.89 and a beta of 2.43. RH has a 1-year low of $207.26 and a 1-year high of $358.79.

RH (NYSE:RH) last released its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The firm had revenue of $829.66 million during the quarter, compared to analyst estimates of $824.52 million. During the same quarter in the previous year, the business earned $3.93 EPS. The business’s revenue was up 3.6% on a year-over-year basis. As a group, research analysts predict that RH will post 5.61 earnings per share for the current year.

Insider Buying and Selling at RH

In other 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 value of $1,484,195.45. Following the completion of the transaction, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the sale, the insider now owns 78 shares in the company, valued at approximately $27,016.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward T. Lee sold 2,000 shares of the company’s 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. Over the last ninety days, insiders have sold 8,285 shares of company stock valued at $2,871,935. 28.10% of the stock is currently owned by corporate insiders.

Institutional Trading of RH

Several hedge funds have recently modified their holdings of RH. Allspring Global Investments Holdings LLC increased its holdings in RH by 8.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock valued at $82,206,000 after purchasing an additional 18,563 shares in the last quarter. Raymond James & Associates lifted its position in RH by 1.7% during the 3rd quarter. Raymond James & Associates now owns 13,083 shares of the company’s stock worth $4,375,000 after buying an additional 219 shares in the last quarter. Blue Trust Inc. grew its holdings in RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after acquiring an additional 74 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in RH in the 3rd quarter valued at about $110,000. Finally, CWM LLC raised its stake in shares of RH by 47.2% in the third quarter. CWM LLC now owns 468 shares of the company’s stock worth $157,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds 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.