RH’s (RH) Outperform Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of RH (NYSE:RH) in a research note issued to investors on Monday,RTT News reports. Wedbush currently has a $500.00 price objective on the stock.

RH has been the subject of several other research reports. Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $435.00 to $530.00 in a report on Monday, January 13th. Guggenheim boosted their price target on RH from $425.00 to $550.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. Stifel Nicolaus increased their target price on RH from $420.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Loop Capital upped their target price on RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $421.73.

RH Stock Performance

RH stock opened at $423.11 on Monday. RH has a 52 week low of $212.43 and a 52 week high of $457.26. The firm has a market capitalization of $7.87 billion, a price-to-earnings ratio of 121.58, a P/E/G ratio of 10.14 and a beta of 2.43. The company has a 50 day moving average price of $402.49 and a 200 day moving average price of $335.34.

RH (NYSE:RH) last issued its earnings results 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 during the quarter, compared to analyst estimates of $812.19 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned ($0.42) EPS. Equities analysts forecast that RH will post 4.37 earnings per share for the current fiscal year.

Insider Transactions at RH

In other news, insider Eri Chaya sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Belling sold 500 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the completion of the sale, the director now owns 4,970 shares in the company, valued at $2,076,714.50. This represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,880 shares of company stock worth $29,129,879 over the last quarter. 28.10% of the stock is currently owned by insiders.

Institutional Trading of RH

Large investors have recently added to or reduced their stakes in the business. Two Sigma Advisers LP boosted its stake in shares of RH by 141.5% during the 3rd quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock worth $53,375,000 after acquiring an additional 93,500 shares during the last quarter. Artemis Investment Management LLP bought a new position in RH in the 4th quarter worth $31,384,000. WCM Investment Management LLC purchased a new position in RH during the fourth quarter valued at $18,006,000. Charles Schwab Investment Management Inc. grew its holdings in RH by 26.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after purchasing an additional 38,572 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in RH by 8.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock valued at $82,206,000 after purchasing an additional 18,563 shares during the period. 90.17% of the stock is currently owned by institutional investors.

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.