RH’s (RH) “Underperform” Rating Reaffirmed at BNP Paribas

BNP Paribas restated their underperform rating on shares of RH (NYSE:RH) in a research note published on Wednesday, Marketbeat.com reports. BNP Paribas currently has a $253.00 price objective on the stock.

A number of other analysts have also weighed in on RH. TD Cowen raised 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. Robert W. Baird upped their price objective on RH from $275.00 to $290.00 and gave the company a “neutral” rating in a research report on Friday, September 13th. Citigroup lifted their target price on RH from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, September 13th. StockNews.com upgraded shares of RH to a “sell” rating in a report on Thursday, September 19th. Finally, Wells Fargo & Company boosted their price target on RH from $325.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $326.14.

RH Stock Performance

Shares of RH traded up $1.12 on Wednesday, reaching $327.67. The stock had a trading volume of 13,213 shares, compared to its average volume of 718,572. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 192.17, a price-to-earnings-growth ratio of 1.88 and a beta of 2.43. The company has a 50-day simple moving average of $320.58 and a 200-day simple moving average of $282.30. RH has a 12-month low of $212.43 and a 12-month high of $367.00.

RH (NYSE:RH) last released its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, topping 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 firm had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. During the same period in the prior year, the firm earned $3.93 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. On average, analysts expect that RH will post 5.67 EPS for the current fiscal year.

Insider Buying and Selling at RH

In related news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction dated 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 approximately $3,714,034.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of the 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 transaction, the director now directly owns 10,914 shares of the company’s stock, valued at $3,714,034.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock worth $2,871,935 in the last three months. 28.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Anomaly Capital Management LP raised its position in RH by 503.6% in the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after purchasing an additional 291,368 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of RH by 58.6% during the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after purchasing an additional 64,423 shares during the period. Price T Rowe Associates Inc. MD raised its position 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 worth $231,728,000 after buying an additional 62,198 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of RH by 77.0% in the second quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock valued at $31,462,000 after acquiring an additional 55,999 shares in the last quarter. Finally, Bamco Inc. NY lifted its position in RH by 128.3% in the first quarter. Bamco Inc. NY now owns 94,998 shares of the company’s stock valued at $33,084,000 after purchasing an additional 53,395 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

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.