RH’s (RH) “Outperform” Rating Reaffirmed at Wedbush

RH (NYSE:RH)‘s stock had its “outperform” rating restated by investment analysts at Wedbush in a report released on Monday,RTT News reports. They presently have a $500.00 price objective on the stock. Wedbush’s price objective would indicate a potential upside of 23.93% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on RH. Morgan Stanley boosted their price objective on shares of RH from $310.00 to $435.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Bank of America boosted their price target on RH from $310.00 to $359.00 and gave the company a “buy” rating in a report on Friday, September 13th. BNP Paribas reaffirmed an “underperform” rating and set a $253.00 price objective on shares of RH in a research report on Wednesday, November 13th. Wells Fargo & Company boosted their price objective on RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, Guggenheim raised their target price on shares of RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $402.40.

RH Stock Performance

RH stock opened at $403.44 on Monday. The company has a market cap of $7.51 billion, a price-to-earnings ratio of 115.93, a P/E/G ratio of 2.73 and a beta of 2.43. The business’s 50-day moving average is $370.35 and its two-hundred day moving average is $314.41. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share 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 the consensus estimate of $812.19 million. RH had a negative return on equity of 32.76% and a net margin of 2.25%. RH’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.42) EPS. Equities analysts predict that RH will post 5.63 earnings per share for the current year.

Insider Activity

In related news, Director Keith Belling sold 500 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 5,470 shares of the company’s stock, valued at approximately $2,270,050. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eri Chaya sold 10,000 shares of RH stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $416.27, for a total value of $4,162,700.00. The disclosure for this sale can be found here. Insiders sold a total of 13,000 shares of company stock worth $5,286,265 over the last 90 days. Corporate insiders own 28.10% of the company’s stock.

Institutional Trading of RH

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