RH’s (RH) Outperform Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of RH (NYSE:RH) in a report published on Monday morning,RTT News reports. They currently have a $500.00 price target on the stock.

A number of other equities research analysts also recently issued reports on RH. Barclays lowered their price target on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Guggenheim raised their price target on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a report on Friday, December 13th. Bank of America upped their price target on shares of RH from $310.00 to $359.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Citigroup lifted their price objective on RH from $340.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. lowered their price target on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $415.40.

RH Trading Up 0.8 %

RH stock opened at $407.20 on Monday. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 117.01, a P/E/G ratio of 2.73 and a beta of 2.43. The firm has a 50 day simple moving average of $373.89 and a 200 day simple moving average of $316.37. RH has a 1-year low of $212.43 and a 1-year high of $457.26.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The company 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%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.42) earnings per share. On average, equities research analysts forecast that RH will post 5.63 EPS for the current year.

Insiders Place Their Bets

In other RH news, insider Eri Chaya sold 10,000 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Keith Belling sold 500 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00. Following the completion of the sale, the director now directly owns 5,470 shares in the company, valued at approximately $2,270,050. This trade represents a 8.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,000 shares of company stock valued at $5,286,265 over the last three months. Insiders own 28.10% of the company’s stock.

Institutional Trading of RH

A number of institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC raised its position in RH by 187.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,438 shares of the company’s stock valued at $596,000 after purchasing an additional 1,591 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of RH by 10.5% during the second quarter. National Bank of Canada FI now owns 18,060 shares of the company’s stock valued at $4,302,000 after acquiring an additional 1,719 shares in the last quarter. Victory Capital Management Inc. lifted its stake in RH by 77.0% in the second quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock worth $31,462,000 after acquiring an additional 55,999 shares during the period. Arizona State Retirement System boosted its holdings in RH by 2.4% in the second quarter. Arizona State Retirement System now owns 4,101 shares of the company’s stock valued at $1,002,000 after acquiring an additional 95 shares in the last quarter. Finally, X Square Capital LLC increased its position in RH by 91.1% during the 2nd quarter. X Square Capital LLC now owns 13,776 shares of the company’s stock valued at $3,367,000 after purchasing an additional 6,566 shares during the period. 90.17% of the stock is currently 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.