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

BNP Paribas reissued their underperform rating on shares of RH (NYSE:RH) in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage currently has a $253.00 price target on the stock.

A number of other research firms have also recently weighed in on RH. Bank of America boosted their price target on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Wedbush upgraded shares of RH from a “neutral” rating to an “outperform” rating and upped their target price for the company from $310.00 to $430.00 in a report on Monday, October 21st. Stifel Nicolaus lifted their price target on shares of RH from $315.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Barclays reduced their price objective on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. lowered their target price on shares of RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $326.14.

RH Stock Up 0.3 %

Shares of RH stock traded up $1.12 on Wednesday, hitting $327.67. The company’s stock had a trading volume of 13,213 shares, compared to its average volume of 718,572. The firm has a fifty day moving average price of $320.58 and a 200-day moving average price of $282.30. RH has a 52-week low of $212.43 and a 52-week high of $367.00. The company has a market capitalization of $6.04 billion, a P/E ratio of 192.17, a price-to-earnings-growth ratio of 1.88 and a beta of 2.43.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, September 12th. The company reported $1.69 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 business had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. During the same period in the prior year, the business earned $3.93 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts expect that RH will post 5.67 earnings per share for the current year.

Insider Activity at RH

In other news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the sale, the director now directly owns 10,914 shares in the company, valued at approximately $3,714,034.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the completion of the sale, the insider now owns 78 shares of the company’s stock, valued at $27,016.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the transaction, the director now directly owns 10,914 shares in the company, valued at approximately $3,714,034.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock valued at $2,871,935 in the last quarter. Insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in shares of RH in the first quarter valued at $354,000. Oppenheimer Asset Management Inc. grew its stake in shares of RH by 20.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 1,418 shares of the company’s stock worth $494,000 after purchasing an additional 243 shares during the last quarter. Sei Investments Co. lifted its stake in RH by 25.4% during the first quarter. Sei Investments Co. now owns 23,951 shares of the company’s stock valued at $8,341,000 after purchasing an additional 4,847 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in RH by 1.9% during the first quarter. Russell Investments Group Ltd. now owns 14,503 shares of the company’s stock worth $5,051,000 after buying an additional 266 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of RH by 9.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 17,884 shares of the company’s stock valued at $6,228,000 after buying an additional 1,580 shares in the last quarter. Institutional investors and hedge funds 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.