RH (NYSE:RH) Upgraded at Wedbush

Wedbush upgraded shares of RH (NYSE:RH) from a neutral rating to an outperform rating in a report released on Monday morning, Marketbeat reports. They currently have $430.00 price objective on the stock, up from their previous price objective of $310.00.

Several other equities analysts also recently weighed in on RH. StockNews.com upgraded shares of RH to a “sell” rating in a research note on Thursday, September 19th. Loop Capital lifted their target price 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. Stifel Nicolaus lifted their target price on shares of RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Citigroup lifted their target price on shares of RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $290.00 target price on shares of RH in a research note on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, RH presently has an average rating of “Hold” and an average target price of $331.77.

RH Stock Performance

Shares of RH stock opened at $327.15 on Monday. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 192.44, a P/E/G ratio of 1.92 and a beta of 2.43. RH has a 52 week low of $207.26 and a 52 week high of $367.00. The firm’s 50-day simple moving average is $304.91 and its two-hundred day simple moving average is $275.40.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.56 by $0.13. The business had revenue of $829.66 million for the quarter, compared to analyst estimates 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 for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.93 earnings per share. Analysts forecast that RH will post 5.61 earnings per share for the current year.

Insider Buying and Selling at RH

In other RH news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the sale, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 10,914 shares of the company’s stock, valued at approximately $3,714,034.20. The trade was a 0.00 % 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 worth $2,871,935 over the last three months. 28.10% of the stock is owned by insiders.

Institutional Investors Weigh In On RH

A number of hedge funds have recently made changes to their positions in RH. Price T Rowe Associates Inc. MD raised its holdings in RH by 10.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock valued at $231,728,000 after buying an additional 62,198 shares during the last quarter. Anomaly Capital Management LP raised its holdings in RH by 503.6% during the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after buying an additional 291,368 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in RH by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after buying an additional 41,242 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in RH by 8.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock valued at $82,206,000 after buying an additional 18,563 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in RH by 58.6% during the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock valued at $42,612,000 after buying an additional 64,423 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors.

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.