RH’s (RH) “Underperform” Rating Reiterated at BNP Paribas

RH (NYSE:RH)‘s stock had its “underperform” rating reissued by research analysts at BNP Paribas in a research report issued on Wednesday. They presently have a $253.00 price target on the stock. BNP Paribas’ price target would suggest a potential downside of 24.13% from the company’s previous close.

A number of other research analysts have also weighed in on RH. JPMorgan Chase & Co. dropped their price target on shares of RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Barclays dropped their target price on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. StockNews.com raised RH to a “sell” rating in a report on Thursday, September 19th. Stifel Nicolaus lifted their price target on RH from $315.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $290.00 price objective on shares of RH in a research note on Tuesday, September 10th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $326.14.

RH Stock Performance

RH stock opened at $333.48 on Wednesday. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 196.17, a PEG ratio of 1.86 and a beta of 2.43. The stock’s 50 day moving average price is $318.95 and its two-hundred day moving average price is $281.71. RH has a 52-week low of $212.43 and a 52-week high of $367.00.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The firm had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. During the same quarter last year, the firm posted $3.93 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts forecast that RH will post 5.67 EPS for the current year.

Insider Transactions at RH

In related news, 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other RH news, insider Edward T. Lee sold 2,000 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $1,484,195.45. Following the transaction, the insider now owns 78 shares of the company’s stock, valued at $27,016.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,285 shares of company stock valued at $2,871,935 over the last three months. Company insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Texas Permanent School Fund Corp lifted its stake in RH by 25.3% during the second quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock worth $4,098,000 after purchasing an additional 3,387 shares during the last quarter. First Hawaiian Bank boosted its stake in RH by 116.2% in the second quarter. First Hawaiian Bank now owns 5,718 shares of the company’s stock worth $1,398,000 after buying an additional 3,073 shares in the last quarter. Sei Investments Co. grew its position in RH by 25.4% during the first quarter. Sei Investments Co. now owns 23,951 shares of the company’s stock valued at $8,341,000 after acquiring an additional 4,847 shares during the last quarter. Tidal Investments LLC raised its stake in shares of RH by 1,304.4% during the first quarter. Tidal Investments LLC now owns 14,227 shares of the company’s stock worth $4,955,000 after acquiring an additional 13,214 shares in the last quarter. Finally, Lisanti Capital Growth LLC bought a new stake in shares of RH in the 3rd quarter worth approximately $3,251,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

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.