RH (NYSE:RH) Lowered to “Sell” Rating by StockNews.com

StockNews.com cut shares of RH (NYSE:RH) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

Other equities research analysts have also issued reports about the company. Robert W. Baird boosted their target price on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Wedbush restated an “outperform” rating and set a $500.00 price objective (up previously from $430.00) on shares of RH in a report on Friday, December 13th. Morgan Stanley upped their price objective on shares of RH from $310.00 to $435.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Wells Fargo & Company lifted 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. Finally, Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and upped their price target for the company from $485.00 to $500.00 in a research report on Thursday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $402.40.

RH Trading Up 2.6 %

Shares of NYSE RH opened at $398.26 on Friday. RH has a twelve month low of $212.43 and a twelve month high of $457.26. The firm has a 50-day moving average of $355.73 and a two-hundred day moving average of $302.61. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 114.44, a PEG ratio of 2.73 and a beta of 2.44.

RH (NYSE:RH) last released its earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The business had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. RH had a negative return on equity of 32.76% and a net margin of 2.25%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.42) earnings per share. As a group, research analysts predict that RH will post 5.63 earnings per share for the current year.

Insider Activity at RH

In related news, Director Keith Belling sold 500 shares of RH stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the sale, the director now owns 5,470 shares of the company’s stock, valued at approximately $2,270,050. The trade was a 8.38 % decrease in their position. The transaction 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 stock in a transaction on 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 own 28.10% of the company’s stock.

Institutional Trading of RH

Several large investors have recently made changes to their positions in RH. Blue Trust Inc. grew its stake in RH by 308.3% in the 3rd 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 last quarter. Ridgewood Investments LLC bought a new position in shares of RH in the second quarter worth about $62,000. Centaurus Financial Inc. acquired a new position in shares of RH during the 3rd quarter worth about $100,000. Ameliora Wealth Management Ltd. bought a new stake in RH during the 3rd quarter valued at approximately $110,000. Finally, Quarry LP acquired a new stake in RH in the 3rd quarter valued at approximately $141,000. 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.