RH (NYSE:RH) Rating Increased to Sell at StockNews.com

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

Several other research analysts also recently issued reports on RH. Citigroup raised their price objective on shares of 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. lowered their price target on RH from $345.00 to $338.00 and set an overweight rating on the stock in a report on Monday, September 16th. Telsey Advisory Group reaffirmed a market perform rating and set a $290.00 price objective on shares of RH in a research note on Tuesday, September 10th. Wedbush lifted their target price on RH from $250.00 to $310.00 and gave the company a neutral rating in a research note on Friday, September 13th. Finally, Wells Fargo & Company upped their price target on RH from $325.00 to $350.00 and gave the stock an overweight rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, RH has a consensus rating of Hold and a consensus price target of $322.54.

RH Trading Down 1.3 %

Shares of NYSE:RH opened at $344.28 on Thursday. The firm has a 50 day simple moving average of $272.03 and a 200-day simple moving average of $268.64. The company has a market capitalization of $6.35 billion, a PE ratio of 95.37, a P/E/G ratio of 1.70 and a beta of 2.42. RH has a twelve month low of $207.26 and a twelve month high of $354.86.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. During the same quarter in the prior year, the firm posted $3.93 earnings per share. RH’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities research analysts predict that RH will post 6.2 EPS for the current fiscal year.

Insider Buying and Selling at RH

In other news, CEO Gary G. Friedman purchased 34,200 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were acquired at an average price of $215.00 per share, for a total transaction of $7,353,000.00. Following the acquisition, the chief executive officer now directly owns 3,339,263 shares in the company, valued at approximately $717,941,545. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Stefan Duban sold 4,285 shares of the firm’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 transaction of $1,484,195.45. Following the completion of the transaction, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary G. Friedman bought 34,200 shares of RH stock in a transaction that occurred on Tuesday, June 25th. The stock was bought at an average cost of $215.00 per share, for a total transaction of $7,353,000.00. Following the purchase, the chief executive officer now owns 3,339,263 shares in the company, valued at approximately $717,941,545. The disclosure for this purchase can be found here. 28.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RH

A number of institutional investors have recently made changes to their positions in RH. Dimensional Fund Advisors LP boosted its stake in shares of RH by 6.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 265,035 shares of the company’s stock valued at $77,260,000 after acquiring an additional 15,312 shares during the last quarter. Norges Bank acquired a new stake in shares of RH during the 4th quarter worth about $38,736,000. Wells Fargo & Company MN grew its holdings in shares of RH by 3.4% during the fourth quarter. Wells Fargo & Company MN now owns 26,945 shares of the company’s stock worth $7,854,000 after buying an additional 891 shares in the last quarter. Quest Partners LLC acquired a new position in shares of RH in the fourth quarter valued at approximately $37,000. Finally, TCW Group Inc. lifted its stake in shares of RH by 8.5% during the fourth quarter. TCW Group Inc. now owns 17,349 shares of the company’s stock valued at $5,057,000 after buying an additional 1,364 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

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.