RH (NYSE:RH) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of RH (NYSE:RH) to a sell rating in a report issued on Friday.

Several other brokerages have also recently weighed in on RH. Morgan Stanley dropped their price target on shares of RH from $320.00 to $300.00 and set an equal weight rating for the company in a research report on Monday, June 17th. JPMorgan Chase & Co. raised their target price on shares of RH from $329.00 to $345.00 and gave the stock an overweight rating in a research report on Thursday, March 28th. Bank of America dropped their target price on shares of RH from $375.00 to $325.00 and set a buy rating for the company in a research report on Friday, June 14th. The Goldman Sachs Group dropped their target price on shares of RH from $264.00 to $226.00 and set a sell rating for the company in a research report on Monday, June 17th. Finally, Robert W. Baird dropped their target price on shares of RH from $300.00 to $275.00 and set a neutral rating for the company in a research report on Friday, June 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $310.46.

RH Stock Down 0.9 %

Shares of RH opened at $215.97 on Friday. The stock has a market capitalization of $3.98 billion, a P/E ratio of 59.83, a PEG ratio of 0.81 and a beta of 2.51. The firm has a fifty day simple moving average of $260.94 and a two-hundred day simple moving average of $272.37. RH has a twelve month low of $207.26 and a twelve month high of $406.38.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, June 13th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.32). The firm had revenue of $726.96 million for the quarter, compared to analysts’ expectations of $725.15 million. RH had a net margin of 2.72% and a negative return on equity of 29.15%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.21 EPS. Sell-side analysts expect that RH will post 8.29 EPS for the current fiscal year.

Insider Activity at RH

In other RH news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the completion of the sale, the director now directly owns 12,991 shares in the company, valued at approximately $4,004,086.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other RH news, insider Eri Chaya sold 100,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $279.92, for a total transaction of $27,992,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the sale, the director now owns 12,991 shares of the company’s stock, valued at $4,004,086.02. The disclosure for this sale can be found here. Insiders sold a total of 103,000 shares of company stock valued at $28,897,430 in the last three months. Company insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Large investors have recently made changes to their positions in the stock. Klein Pavlis & Peasley Financial Inc. bought a new stake in shares of RH in the fourth quarter worth approximately $1,246,000. Moody National Bank Trust Division bought a new stake in shares of RH in the fourth quarter worth approximately $1,043,000. Xcel Wealth Management LLC grew its stake in shares of RH by 6.9% in the fourth quarter. Xcel Wealth Management LLC now owns 95,373 shares of the company’s stock worth $27,799,000 after acquiring an additional 6,165 shares during the period. Locust Wood Capital Advisers LLC grew its stake in shares of RH by 190.9% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 87,408 shares of the company’s stock worth $25,478,000 after acquiring an additional 57,362 shares during the period. Finally, Findell Capital Management LLC bought a new stake in shares of RH in the fourth quarter worth approximately $5,247,000. 90.17% of the stock is currently owned by institutional investors.

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.