BNP Paribas Reiterates “Underperform” Rating for RH (NYSE:RH)

BNP Paribas reissued their underperform rating on shares of RH (NYSE:RH) in a research report report published on Wednesday, Marketbeat Ratings reports. They currently have a $253.00 price target on the stock.

Several other analysts also recently commented on RH. Robert W. Baird raised their price objective on RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, September 13th. Bank of America raised their price objective on RH from $310.00 to $359.00 and gave the company a “buy” rating in a report on Friday, September 13th. Wedbush upgraded shares of RH from a “neutral” rating to an “outperform” rating and increased their price target for the company from $310.00 to $430.00 in a research note on Monday, October 21st. Telsey Advisory Group reissued a “market perform” rating and set a $290.00 target price on shares of RH in a report on Tuesday, September 10th. Finally, Citigroup boosted their price objective 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. 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.com, RH currently has a consensus rating of “Hold” and an average price target of $326.14.

RH Trading Down 2.3 %

RH opened at $315.48 on Wednesday. The firm has a 50-day moving average price of $323.66 and a two-hundred day moving average price of $282.89. RH has a 1-year low of $212.43 and a 1-year high of $367.00. The stock has a market capitalization of $5.82 billion, a PE ratio of 185.58, a PEG ratio of 1.84 and a beta of 2.43.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping 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 analysts’ expectations of $824.52 million. During the same quarter in the previous year, the company earned $3.93 EPS. RH’s revenue was up 3.6% on a year-over-year basis. On average, research analysts predict that RH will post 5.67 EPS for the current year.

Insider Transactions at RH

In other news, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction 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 in the company, valued at $27,016.86. The trade was a 98.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Edward T. Lee sold 2,000 shares of the stock in a transaction on Friday, October 18th. The stock was 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. Insiders sold 8,285 shares of company stock valued at $2,871,935 over the last three months. Company insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of RH. Sender Co & Partners Inc. raised its stake in RH by 30.5% in the third quarter. Sender Co & Partners Inc. now owns 1,108 shares of the company’s stock valued at $371,000 after purchasing an additional 259 shares in the last quarter. M&T Bank Corp raised its position in shares of RH by 46.1% during the 3rd quarter. M&T Bank Corp now owns 1,334 shares of the company’s stock valued at $446,000 after buying an additional 421 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of RH during the 3rd quarter worth $715,000. Hodges Capital Management Inc. grew its position in RH by 2.4% in the third quarter. Hodges Capital Management Inc. now owns 18,155 shares of the company’s stock worth $6,072,000 after acquiring an additional 418 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in RH by 2.4% in the third quarter. National Bank of Canada FI now owns 18,494 shares of the company’s stock valued at $6,185,000 after acquiring an additional 434 shares during the last quarter. Hedge funds and other institutional investors 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.