RH (NYSE:RH) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of RH (NYSE:RH) from an equal weight rating to an overweight rating in a research note released on Monday, MarketBeat reports. Morgan Stanley currently has $530.00 price objective on the stock, up from their prior price objective of $435.00.

RH has been the topic of a number of other research reports. Loop Capital increased their price target on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Wedbush reissued an “outperform” rating and set a $500.00 target price on shares of RH in a report on Monday, January 6th. Stifel Nicolaus boosted their price target on RH from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, December 16th. StockNews.com downgraded shares of RH from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Finally, Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, RH presently has an average rating of “Hold” and a consensus target price of $421.73.

RH Price Performance

RH stock opened at $427.71 on Monday. The business’s fifty day moving average price is $383.07 and its two-hundred day moving average price is $322.97. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 122.91, a PEG ratio of 2.73 and a beta of 2.43. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). The business had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. RH had a negative return on equity of 32.76% and a net margin of 2.25%. RH’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.42) EPS. Research analysts expect that RH will post 5.63 EPS for the current year.

Insider Activity

In related news, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $426.41, for a total transaction of $10,660,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Edward T. Lee sold 2,000 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,000 shares of company stock valued at $15,946,515. 28.10% of the stock is currently owned by corporate insiders.

Institutional Trading of RH

Several institutional investors have recently added to or reduced their stakes in RH. Shelton Wealth Management LLC bought a new position in RH during the fourth quarter worth $1,695,000. Gateway Investment Advisers LLC bought a new position in shares of RH in the 4th quarter worth about $3,570,000. FNY Investment Advisers LLC acquired a new position in shares of RH in the 4th quarter valued at about $294,000. Miracle Mile Advisors LLC bought a new stake in shares of RH during the 4th quarter valued at about $240,000. Finally, Grassi Investment Management acquired a new stake in RH during the fourth quarter worth approximately $236,000. 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.