The Goldman Sachs Group Upgrades RH (NYSE:RH) to Neutral

The Goldman Sachs Group upgraded shares of RH (NYSE:RH) from a sell rating to a neutral rating in a research report report published on Thursday morning, Marketbeat.com reports. They currently have $374.00 target price on the stock, up from their previous target price of $261.00.

Several other equities research analysts also recently issued reports on RH. StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. Wedbush restated an “outperform” rating and issued a $500.00 target price on shares of RH in a report on Monday. Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $435.00 to $530.00 in a report on Monday, January 13th. Finally, Wells Fargo & Company boosted their price target on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $431.60.

RH Stock Up 2.6 %

NYSE:RH opened at $432.88 on Thursday. RH has a 12-month low of $212.43 and a 12-month high of $457.26. The stock’s fifty day simple moving average is $404.21 and its 200-day simple moving average is $335.95. The firm has a market capitalization of $8.05 billion, a P/E ratio of 124.39, a P/E/G ratio of 9.66 and a beta of 2.43.

RH (NYSE:RH) last issued 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). The business had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. RH’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.42) earnings per share. As a group, equities research analysts expect that RH will post 4.37 earnings per share for the current year.

Insiders Place Their Bets

In other RH news, insider Edward T. Lee sold 600 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $446.73, for a total transaction of $268,038.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Keith Belling sold 500 shares of the company’s 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 sale, the director now directly owns 5,470 shares of the company’s stock, valued at $2,270,050. The trade was a 8.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,880 shares of company stock worth $29,129,879. 28.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RH

Several hedge funds and other institutional investors have recently bought and sold shares of RH. Allspring Global Investments Holdings LLC grew its stake in shares of RH by 8.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock worth $82,206,000 after acquiring an additional 18,563 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in RH by 26.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock worth $61,814,000 after purchasing an additional 38,572 shares in the last quarter. Two Sigma Advisers LP increased its holdings in RH by 141.5% during the 3rd quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock worth $53,375,000 after purchasing an additional 93,500 shares during the period. Xcel Wealth Management LLC raised its position in RH by 1.3% in the 3rd quarter. Xcel Wealth Management LLC now owns 124,550 shares of the company’s stock valued at $41,653,000 after purchasing an additional 1,612 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new position in shares of RH in the 4th quarter valued at about $31,384,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.