BNP Paribas Reaffirms “Underperform” Rating for RH (NYSE:RH)

RH (NYSE:RH)‘s stock had its “underperform” rating reissued by BNP Paribas in a report released on Wednesday, Marketbeat.com reports. They presently have a $253.00 price target on the stock. BNP Paribas’ price target would indicate a potential downside of 21.64% from the company’s previous close.

RH has been the topic of several other reports. Morgan Stanley raised their price objective on RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Citigroup boosted their price target on RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. decreased their price target on RH from $345.00 to $338.00 and set an “overweight” rating for the company in a report on Monday, September 16th. TD Cowen lifted their price objective on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, Stifel Nicolaus upped their target price on shares of RH from $315.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $326.14.

RH Price Performance

Shares of NYSE:RH opened at $322.85 on Wednesday. The business has a 50-day moving average of $322.20 and a two-hundred day moving average of $282.61. The firm has a market capitalization of $5.95 billion, a PE ratio of 189.91, a P/E/G ratio of 1.84 and a beta of 2.43. RH has a 12 month low of $212.43 and a 12 month high of $367.00.

RH (NYSE:RH) last posted its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. The firm had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.93 EPS. As a group, research analysts anticipate that RH will post 5.67 earnings per share for the current year.

Insider Activity at RH

In related news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the transaction, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. This represents a 15.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the completion of the sale, the insider now directly owns 78 shares in the company, valued at $27,016.86. This represents a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock valued at $2,871,935 in the last quarter. Insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of RH by 2,691.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,284 shares of the company’s stock valued at $430,000 after purchasing an additional 1,238 shares during the period. Point72 Hong Kong Ltd acquired a new stake in RH in the 3rd quarter valued at approximately $595,000. FORA Capital LLC acquired a new stake in RH in the 3rd quarter valued at approximately $3,510,000. Centaurus Financial Inc. bought a new stake in RH during the 3rd quarter valued at $100,000. Finally, Cerity Partners LLC boosted its position in RH by 139.7% during the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock worth $864,000 after acquiring an additional 1,506 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

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.