RH (NYSE:RH) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of RH (NYSE:RH) to a sell rating in a report published on Thursday.

A number of other brokerages have also weighed in on RH. Wedbush raised their price objective on shares of RH from $250.00 to $310.00 and gave the company a neutral rating in a report on Friday, September 13th. Loop Capital lifted their price target on shares of RH from $230.00 to $320.00 and gave the stock a hold rating in a research note on Monday, September 16th. TD Cowen lifted their price target on shares of RH from $325.00 to $350.00 and gave the stock a buy rating in a research note on Friday, September 13th. BNP Paribas upgraded shares of RH to a hold rating in a research note on Friday, June 14th. Finally, Telsey Advisory Group reiterated a market perform rating and set a $290.00 price target on shares of RH in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $322.54.

RH Trading Down 1.3 %

Shares of RH opened at $344.28 on Thursday. RH has a twelve month low of $207.26 and a twelve month high of $354.86. The firm’s fifty day simple moving average is $272.03 and its 200-day simple moving average is $268.65. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 95.37, a PEG ratio of 1.70 and a beta of 2.42.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. During the same period last year, the business earned $3.93 EPS. The company’s revenue was up 3.6% on a year-over-year basis. On average, analysts predict that RH will post 6.2 earnings per share for the current fiscal year.

Insider Buying and Selling at RH

In other news, insider Stefan Duban sold 4,285 shares of RH stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the sale, the insider now owns 78 shares of the company’s stock, valued at $27,016.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total value of $680,600.00. Following the sale, the director now owns 10,914 shares of the company’s stock, valued at $3,714,034.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of RH stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the sale, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. The disclosure for this sale can be found here. 28.10% of the stock is currently owned by company insiders.

Institutional Trading of RH

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in RH by 10.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock worth $231,728,000 after buying an additional 62,198 shares in the last quarter. Anomaly Capital Management LP boosted its holdings in RH by 503.6% during the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock worth $85,365,000 after buying an additional 291,368 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in RH by 18.0% during the second quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock worth $66,239,000 after buying an additional 41,242 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of RH by 24.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 227,247 shares of the company’s stock valued at $55,548,000 after purchasing an additional 44,278 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of RH by 58.6% in the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock valued at $42,612,000 after purchasing an additional 64,423 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.