RH (NYSE:RH) Stock Rating Upgraded by Wall Street Zen

RH (NYSE:RH) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other equities research analysts also recently commented on RH. Loop Capital dropped their price objective on RH from $450.00 to $190.00 and set a “hold” rating for the company in a report on Friday, April 4th. UBS Group dropped their price objective on RH from $250.00 to $235.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Citigroup reiterated a “neutral” rating and issued a $200.00 price objective (down previously from $437.00) on shares of RH in a report on Thursday, April 3rd. Wells Fargo & Company dropped their price objective on RH from $375.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd. Finally, Robert W. Baird dropped their price objective on RH from $400.00 to $215.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $275.94.

RH Stock Down 1.2%

RH stock opened at $185.10 on Thursday. The company has a market cap of $3.47 billion, a P/E ratio of 53.19, a PEG ratio of 2.65 and a beta of 2.36. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The business has a fifty day moving average of $195.32 and a 200-day moving average of $310.07.

RH (NYSE:RH) last released its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). The company had revenue of $812.41 million during the quarter, compared to the consensus estimate of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 EPS. As a group, equities research analysts anticipate that RH will post 4.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Intech Investment Management LLC boosted its position in shares of RH by 29.0% during the first quarter. Intech Investment Management LLC now owns 9,790 shares of the company’s stock worth $2,295,000 after buying an additional 2,198 shares during the period. Game Plan Financial Advisors LLC boosted its position in shares of RH by 4.1% during the first quarter. Game Plan Financial Advisors LLC now owns 8,100 shares of the company’s stock worth $1,899,000 after buying an additional 316 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of RH by 6.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 38,622 shares of the company’s stock worth $9,053,000 after buying an additional 2,244 shares during the period. United Services Automobile Association acquired a new position in shares of RH during the first quarter worth about $231,000. Finally, Scientech Research LLC boosted its position in shares of RH by 240.3% during the first quarter. Scientech Research LLC now owns 3,832 shares of the company’s stock worth $898,000 after buying an additional 2,706 shares during the period. 90.17% of the stock is 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.