RH (NYSE:RH) Raised to Hold at StockNews.com

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

Several other brokerages have also recently commented on RH. Telsey Advisory Group upped their target price on shares of RH from $290.00 to $330.00 and gave the company a “market perform” rating in a research report on Monday, December 9th. Bank of America upped their price objective on RH from $310.00 to $359.00 and gave the company a “buy” rating in a report on Friday, September 13th. TD Cowen increased their target price on RH from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 13th. 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. Finally, Morgan Stanley increased their price target on shares of RH from $310.00 to $435.00 and gave the company an “equal weight” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $377.07.

RH Stock Up 17.0 %

Shares of RH stock opened at $446.04 on Friday. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of 128.17, a PEG ratio of 2.73 and a beta of 2.44. RH has a 12 month low of $212.43 and a 12 month high of $457.26. The stock has a 50-day moving average price of $347.81 and a 200 day moving average price of $297.88.

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

Insider Transactions at RH

In other RH news, insider Stefan Duban sold 4,285 shares of the business’s 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 sale, the insider now owns 78 shares in the company, valued at approximately $27,016.86. The trade was a 98.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the transaction, the director now directly owns 10,914 shares of the company’s stock, valued at approximately $3,714,034.20. This trade represents a 15.49 % decrease in their position. 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 quarter. Corporate insiders own 28.10% of the company’s stock.

Institutional Trading of RH

A number of institutional investors have recently made changes to their positions in the business. Inspire Trust Co. N.A. grew its position in RH by 8.6% in the third quarter. Inspire Trust Co. N.A. now owns 5,065 shares of the company’s stock valued at $1,694,000 after purchasing an additional 400 shares in the last quarter. Blankinship & Foster LLC bought a new stake in RH during the 3rd quarter worth about $846,000. Sanctuary Advisors LLC boosted its stake in shares of RH by 55.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,755 shares of the company’s stock worth $1,382,000 after buying an additional 1,341 shares during the last quarter. Virtu Financial LLC bought a new position in shares of RH in the 3rd quarter valued at about $4,268,000. Finally, Invst LLC bought a new position in shares of RH in the 3rd quarter valued at about $752,000. 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.