Morgan Stanley Upgrades RH (NYSE:RH) to “Overweight”

RH (NYSE:RH) was upgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The firm presently has a $530.00 price target on the stock, up from their previous price target of $435.00. Morgan Stanley’s target price would suggest a potential upside of 27.79% from the stock’s current price.

RH has been the topic of a number of other research reports. Robert W. Baird raised their price target on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Wedbush restated an “outperform” rating and issued a $500.00 price objective on shares of RH in a report on Monday, January 6th. Loop Capital upped their price target on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Wells Fargo & Company boosted their target price on RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, Telsey Advisory Group raised RH from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $485.00 to $500.00 in a research note on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, RH presently has an average rating of “Hold” and a consensus price target of $421.73.

RH Stock Up 1.6 %

RH stock opened at $414.75 on Monday. The business has a 50-day simple moving average of $377.52 and a 200 day simple moving average of $319.76. RH has a 52 week low of $212.43 and a 52 week high of $457.26. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 119.18, a PEG ratio of 2.73 and a beta of 2.43.

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

Insider Buying and Selling at RH

In other news, Director Keith Belling sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total value of $207,500.00. Following the sale, the director now directly owns 5,470 shares of the company’s stock, valued at $2,270,050. The trade was a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction that occurred on 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 90 days, insiders sold 13,000 shares of company stock valued at $5,286,265. 28.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after buying an additional 64 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of RH by 7,000.0% in the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after acquiring an additional 70 shares during the period. Inspire Trust Co. N.A. raised its holdings in shares of RH by 8.6% during the third quarter. Inspire Trust Co. N.A. now owns 5,065 shares of the company’s stock valued at $1,694,000 after purchasing an additional 400 shares during the last quarter. Blankinship & Foster LLC bought a new position in RH during the third quarter valued at approximately $846,000. Finally, Sanctuary Advisors LLC grew its holdings in shares of RH by 55.6% in the third quarter. Sanctuary Advisors LLC now owns 3,755 shares of the company’s stock worth $1,382,000 after acquiring an additional 1,341 shares during the period. 90.17% of the stock is owned by hedge funds and other 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.