RH (NYSE:RH) Stock Rating Upgraded by Barclays

Barclays upgraded shares of RH (NYSE:RH) from an equal weight rating to an overweight rating in a research report released on Wednesday morning, MarketBeat.com reports. The brokerage currently has $515.00 target price on the stock, up from their prior target price of $383.00.

RH has been the topic of several other research reports. Wedbush reiterated an “outperform” rating and set a $500.00 price target on shares of RH in a research report on Monday. Morgan Stanley increased their target price on RH from $310.00 to $435.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Guggenheim upped their price target on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. TD Cowen boosted their target price on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 13th. Finally, BNP Paribas reiterated an “underperform” rating and issued a $253.00 price target on shares of RH in a research note on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, RH presently has a consensus rating of “Hold” and an average price target of $415.40.

RH Price Performance

RH opened at $407.20 on Wednesday. RH has a one year low of $212.43 and a one year high of $457.26. The business has a 50 day simple moving average of $373.89 and a two-hundred day simple moving average of $316.37. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 117.01, a PEG ratio of 2.73 and a beta of 2.43.

RH (NYSE:RH) last announced its earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The business had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 32.76%. RH’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.42) EPS. As a group, sell-side analysts expect that RH will post 5.63 EPS for the current fiscal year.

Insider Transactions at RH

In other news, insider Edward T. Lee sold 2,000 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Keith Belling sold 500 shares of RH stock in a transaction on Monday, January 6th. The shares were sold at an average price of $417.85, for a total transaction of $208,925.00. Following the completion of the sale, the director now owns 4,970 shares in the company, valued at approximately $2,076,714.50. This represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,000 shares of company stock worth $5,286,265 over the last three months. 28.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RH

A number of large investors have recently bought and sold shares of RH. Nisa Investment Advisors LLC increased its stake in shares of RH by 4.9% during the third quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock valued at $250,000 after buying an additional 35 shares during the period. Pacer Advisors Inc. increased its holdings in RH by 1.7% during the second quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock valued at $572,000 after buying an additional 40 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in RH by 4.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock worth $296,000 after buying an additional 47 shares during the period. State of Alaska Department of Revenue boosted its position in RH by 3.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company’s stock valued at $579,000 after acquiring an additional 60 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after acquiring an additional 64 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

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.