RH (NYSE:RH) Research Coverage Started at Stifel Nicolaus

Stifel Nicolaus assumed coverage on shares of RH (NYSE:RH) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. The firm issued a buy rating and a $315.00 price target on the stock.

A number of other analysts have also commented on the company. BNP Paribas upgraded RH to a hold rating in a report on Friday, June 14th. The Goldman Sachs Group reduced their price target on shares of RH from $264.00 to $226.00 and set a sell rating for the company in a research report on Monday, June 17th. JPMorgan Chase & Co. lifted their price objective on shares of RH from $329.00 to $345.00 and gave the stock an overweight rating in a research report on Thursday, March 28th. Wedbush reduced their target price on shares of RH from $320.00 to $250.00 and set a neutral rating for the company in a research report on Friday, June 14th. Finally, Bank of America lowered their price target on shares of RH from $375.00 to $325.00 and set a buy rating on the stock in a report on Friday, June 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, RH has an average rating of Hold and a consensus price target of $310.79.

RH Trading Up 8.8 %

NYSE RH opened at $266.92 on Tuesday. The business has a fifty day simple moving average of $258.33 and a 200 day simple moving average of $267.59. RH has a 12 month low of $207.26 and a 12 month high of $406.38. The firm has a market capitalization of $4.92 billion, a P/E ratio of 73.94, a PEG ratio of 0.90 and a beta of 2.42.

RH (NYSE:RH) last announced its earnings results on Thursday, June 13th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.32). RH had a net margin of 2.72% and a negative return on equity of 29.15%. The firm had revenue of $726.96 million during the quarter, compared to analysts’ expectations of $725.15 million. During the same quarter in the prior year, the company earned $2.21 EPS. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, sell-side analysts predict that RH will post 8.15 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Gary G. Friedman purchased 34,200 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were purchased at an average cost of $215.00 per share, for a total transaction of $7,353,000.00. Following the completion of the transaction, 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 accessible through this link. In related news, insider Eri Chaya sold 100,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $279.92, for a total value of $27,992,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary G. Friedman acquired 34,200 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were acquired at an average cost of $215.00 per share, with a total value of $7,353,000.00. Following the purchase, the chief executive officer now directly owns 3,339,263 shares of the company’s stock, valued at approximately $717,941,545. The disclosure for this purchase can be found here. 28.10% of the stock is owned by corporate insiders.

Institutional Trading of RH

Several institutional investors and hedge funds have recently modified their holdings of RH. Norges Bank purchased a new position in RH in the fourth quarter worth $38,736,000. Senvest Management LLC lifted its stake in RH by 47.4% during the fourth quarter. Senvest Management LLC now owns 349,517 shares of the company’s stock worth $101,877,000 after purchasing an additional 112,455 shares during the last quarter. Granahan Investment Management LLC purchased a new position in shares of RH in the 4th quarter worth about $24,915,000. Long Walk Management LP bought a new position in shares of RH during the 4th quarter valued at about $23,318,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of RH by 10.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock valued at $231,728,000 after buying an additional 62,198 shares in 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.