RH (NYSE:RH) Given Outperform Rating at Wedbush

RH (NYSE:RH)‘s stock had its “outperform” rating reaffirmed by Wedbush in a research report issued to clients and investors on Monday,RTT News reports. They currently have a $500.00 target price on the stock. Wedbush’s price target would indicate a potential upside of 20.03% from the company’s previous close.

RH has been the topic of several other reports. Guggenheim increased their price target on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a research note on Friday, December 13th. BNP Paribas reissued an “underperform” rating and set a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Wells Fargo & Company boosted their price objective on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Robert W. Baird increased their price objective on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $435.00 to $530.00 in a report on Monday, January 13th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $421.73.

RH Trading Down 0.5 %

RH traded down $2.18 on Monday, hitting $416.56. The company had a trading volume of 100,559 shares, compared to its average volume of 525,589. The firm has a market cap of $7.75 billion, a P/E ratio of 120.10, a PEG ratio of 10.14 and a beta of 2.43. The company’s fifty day moving average price is $398.66 and its 200 day moving average price is $333.28. RH has a 1 year low of $212.43 and a 1 year high of $457.26.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share (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 during the quarter, compared to analysts’ expectations of $812.19 million. During the same quarter in the previous year, the business posted ($0.42) EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts predict that RH will post 4.37 earnings per share for the current year.

Insider Buying and Selling at RH

In other news, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Edward T. Lee sold 600 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $446.73, for a total transaction of $268,038.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,880 shares of company stock worth $29,129,879. 28.10% of the stock is owned by insiders.

Hedge Funds Weigh In On RH

A number of large investors have recently made changes to their positions in RH. Two Sigma Advisers LP boosted its holdings in RH by 141.5% during the third quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock valued at $53,375,000 after acquiring an additional 93,500 shares during the period. Artemis Investment Management LLP bought a new stake in RH in the 4th quarter valued at $31,384,000. Charles Schwab Investment Management Inc. grew its position in RH by 26.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock worth $61,814,000 after buying an additional 38,572 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of RH by 8.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock valued at $82,206,000 after purchasing an additional 18,563 shares during the period. Finally, Portolan Capital Management LLC acquired a new stake in RH during the third quarter worth $5,177,000. Institutional investors and hedge funds 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.