RH (NYSE:RH) Rating Increased to Sell at StockNews.com

RH (NYSE:RH) was upgraded by StockNews.com to a “sell” rating in a research report issued to clients and investors on Thursday.

A number of other equities research analysts have also weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of RH from $264.00 to $226.00 and set a “sell” rating on the stock in a report on Monday, June 17th. Wells Fargo & Company boosted their price objective on shares of RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Morgan Stanley increased their price objective on RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. JPMorgan Chase & Co. cut their target price on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Finally, Wedbush upped their price target on RH from $250.00 to $310.00 and gave the company a “neutral” rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $322.54.

RH Trading Down 1.3 %

Shares of RH stock opened at $344.38 on Thursday. The firm has a market capitalization of $6.35 billion, a PE ratio of 95.40, a price-to-earnings-growth ratio of 1.70 and a beta of 2.42. The firm’s 50 day moving average is $272.03 and its 200 day moving average is $268.65. RH has a 1 year low of $207.26 and a 1 year high of $354.86.

RH (NYSE:RH) last posted its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The firm had revenue of $829.66 million for the quarter, compared to analysts’ expectations of $824.52 million. During the same quarter in the previous year, the firm posted $3.93 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. As a group, research analysts anticipate that RH will post 6.2 earnings per share for the current year.

Insider Activity

In related news, CEO Gary G. Friedman acquired 34,200 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was purchased at an average cost of $215.00 per share, with a total value of $7,353,000.00. Following the acquisition, the chief executive officer now owns 3,339,263 shares of the company’s stock, valued at approximately $717,941,545. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Gary G. Friedman acquired 34,200 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were acquired at an average cost of $215.00 per share, for a total transaction of $7,353,000.00. Following the purchase, the chief executive officer now owns 3,339,263 shares in the company, valued at $717,941,545. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the sale, the insider now owns 78 shares of the company’s stock, valued at approximately $27,016.86. The disclosure for this sale can be found here. Corporate insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Texas Permanent School Fund Corp boosted its stake in RH by 25.3% in the second quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock valued at $4,098,000 after acquiring an additional 3,387 shares during the last quarter. Findell Capital Management LLC purchased a new position in RH in the fourth quarter valued at approximately $5,247,000. First Hawaiian Bank grew its holdings in RH by 116.2% during the second quarter. First Hawaiian Bank now owns 5,718 shares of the company’s stock valued at $1,398,000 after purchasing an additional 3,073 shares during the period. Entropy Technologies LP purchased a new stake in RH in the first quarter worth $2,200,000. Finally, Artemis Investment Management LLP bought a new stake in shares of RH in the first quarter valued at $4,637,000. 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.