RH (NYSE:RH) Upgraded to Outperform by Wedbush

Wedbush upgraded shares of RH (NYSE:RH) from a neutral rating to an outperform rating in a research report sent to investors on Monday morning, Marketbeat.com reports. They currently have $430.00 target price on the stock, up from their prior target price of $310.00.

RH has been the subject of several other reports. JPMorgan Chase & Co. reduced their price target on RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. StockNews.com upgraded RH to a “sell” rating in a research report on Thursday, September 19th. Telsey Advisory Group reiterated a “market perform” rating and issued a $290.00 price target on shares of RH in a research report on Tuesday, September 10th. Stifel Nicolaus lifted their price target on RH from $315.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Finally, Loop Capital lifted their price target on RH from $230.00 to $320.00 and gave the company a “hold” rating in a research report on Monday, September 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $331.77.

RH Price Performance

Shares of RH opened at $325.43 on Monday. The firm has a market cap of $6.00 billion, a PE ratio of 191.43, a PEG ratio of 2.02 and a beta of 2.43. The stock’s fifty day moving average price is $303.76 and its two-hundred day moving average price is $275.04. RH has a 1 year low of $207.26 and a 1 year high of $367.00.

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

Insider Transactions at RH

In other news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $27,016.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the completion of the sale, the director now owns 10,914 shares of the company’s stock, valued at approximately $3,714,034.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On RH

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. lifted its stake in shares of 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 acquiring an additional 74 shares during the last quarter. Hollencrest Capital Management bought a new stake in shares of RH in the 1st quarter valued at about $47,000. Ridgewood Investments LLC bought a new stake in shares of RH in the 2nd quarter valued at about $62,000. Ameliora Wealth Management Ltd. bought a new stake in shares of RH in the 3rd quarter valued at about $110,000. Finally, CWM LLC lifted its stake in shares of RH by 47.2% in the 3rd quarter. CWM LLC now owns 468 shares of the company’s stock valued at $157,000 after acquiring an additional 150 shares during the last quarter. 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.