Wedbush reissued their outperform rating on shares of RH (NYSE:RH – Free Report) in a report released on Monday morning,RTT News reports. The brokerage currently has a $500.00 price objective on the stock.
A number of other brokerages also recently commented on RH. Morgan Stanley raised shares of RH from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $435.00 to $530.00 in a report on Monday, January 13th. Guggenheim increased their price target on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a report on Friday, December 13th. Robert W. Baird increased their price target on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, December 13th. StockNews.com downgraded shares of RH from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Finally, Stifel Nicolaus increased their price target on shares of RH from $420.00 to $500.00 and gave the company a “buy” rating in a report on Monday, December 16th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, RH presently has a consensus rating of “Hold” and a consensus target price of $421.73.
Check Out Our Latest Stock Report on RH
RH Stock Down 1.8 %
RH (NYSE:RH – Get Free Report) last released its quarterly earnings data on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. During the same period last year, the company earned ($0.42) EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts expect that RH will post 4.37 earnings per share for the current year.
Insider Activity at RH
In other RH news, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction on Friday, January 17th. The shares were sold at an average price of $447.20, for a total value of $2,361,216.00. Following the transaction, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Belling sold 500 shares of RH stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00. Following the completion of the transaction, the director now directly owns 5,470 shares in the company, valued at $2,270,050. This represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,880 shares of company stock valued at $29,129,879 over the last ninety days. 28.10% of the stock is owned by company insiders.
Hedge Funds Weigh In On RH
Several institutional investors and hedge funds have recently bought and sold shares of the company. Klein Pavlis & Peasley Financial Inc. grew its holdings in RH by 3.4% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 4,157 shares of the company’s stock worth $1,636,000 after purchasing an additional 138 shares during the last quarter. Insight Advisors LLC PA lifted its stake in shares of RH by 2.3% during the fourth quarter. Insight Advisors LLC PA now owns 1,449 shares of the company’s stock worth $571,000 after buying an additional 33 shares during the period. WT Asset Management Ltd acquired a new stake in shares of RH during the fourth quarter worth $1,082,000. Retirement Systems of Alabama lifted its stake in shares of RH by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 18,204 shares of the company’s stock worth $7,165,000 after buying an additional 55 shares during the period. Finally, Spire Wealth Management acquired a new stake in shares of RH during the fourth quarter worth $80,000. 90.17% of the stock is owned by hedge funds and other 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.
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