RH (NYSE:RH) Upgraded at Morgan Stanley

RH (NYSE:RH) was upgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage currently has a $530.00 price objective on the stock, up from their previous price objective of $435.00. Morgan Stanley’s price target would indicate a potential upside of 27.79% from the stock’s previous close.

A number of other brokerages have also weighed in on RH. StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Guggenheim lifted their price objective on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Loop Capital upped their price objective on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Telsey Advisory Group raised shares of RH from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $485.00 to $500.00 in a research note on Thursday, December 19th. Finally, Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $421.73.

RH Stock Up 1.6 %

NYSE RH opened at $414.75 on Monday. RH has a 52 week low of $212.43 and a 52 week high of $457.26. The company has a market capitalization of $7.72 billion, a P/E ratio of 119.18, a price-to-earnings-growth ratio of 2.73 and a beta of 2.43. The stock’s 50-day moving average price is $377.52 and its 200-day moving average price is $319.76.

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

Insider Transactions at RH

In related news, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eri Chaya sold 10,000 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last three months, insiders sold 13,000 shares of company stock valued at $5,286,265. Corporate insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Several large investors have recently added to or reduced their stakes in RH. Virtu Financial LLC acquired a new stake in RH during the 3rd quarter valued at approximately $4,268,000. Lisanti Capital Growth LLC purchased a new position in RH during the third quarter valued at approximately $3,251,000. Invst LLC acquired a new position in RH in the third quarter valued at approximately $752,000. Cerity Partners LLC lifted its holdings in RH by 139.7% in the third 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 period. Finally, BlackBarn Capital Partners LP boosted its position in RH by 156.8% in the 2nd quarter. BlackBarn Capital Partners LP now owns 43,655 shares of the company’s stock worth $10,671,000 after purchasing an additional 26,655 shares in the last quarter. Hedge funds and other 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.