RH (NYSE:RH) Upgraded at Barclays

RH (NYSE:RH) was upgraded by research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm presently has a $515.00 price objective on the stock, up from their prior price objective of $383.00. Barclays‘s target price indicates a potential upside of 26.47% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Telsey Advisory Group raised shares of RH from a “market perform” rating to an “outperform” rating and raised their target price for the company from $485.00 to $500.00 in a research note on Thursday, December 19th. Morgan Stanley increased their price objective on shares of RH from $310.00 to $435.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. TD Cowen boosted their target price on RH from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Stifel Nicolaus increased their price target on RH from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Wells Fargo & Company lifted their price target on RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $415.40.

RH Price Performance

Shares of RH stock opened at $407.20 on Wednesday. RH has a 12-month low of $212.43 and a 12-month high of $457.26. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 117.01, a price-to-earnings-growth ratio of 2.73 and a beta of 2.43. The business has a 50 day simple moving average of $375.68 and a 200 day simple moving average of $317.00.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.42) EPS. On average, equities analysts anticipate that RH will post 5.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other RH news, insider Eri Chaya sold 10,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Edward T. Lee sold 2,000 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,000 shares of company stock worth $5,286,265. Company insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

Several institutional investors and hedge funds have recently bought and sold shares of the business. Texas Permanent School Fund Corp boosted its position in RH by 25.3% during the second quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock valued at $4,098,000 after purchasing an additional 3,387 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of RH in the 3rd quarter valued at approximately $4,268,000. Lisanti Capital Growth LLC acquired a new position in shares of RH during the 3rd quarter worth $3,251,000. Invst LLC acquired a new position in RH during the third quarter worth $752,000. Finally, Cerity Partners LLC increased its holdings in shares of RH by 139.7% during the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after acquiring an additional 1,506 shares during the last quarter. 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.