RH (NYSE:RH) Stock Rating Upgraded by Barclays

RH (NYSE:RH) was upgraded by equities research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued on Wednesday, MarketBeat.com reports. The brokerage currently has a $515.00 price objective on the stock, up from their previous price objective of $383.00. Barclays‘s price target would suggest a potential upside of 26.47% from the company’s previous close.

Several other equities analysts have also weighed in on RH. Wedbush restated an “outperform” rating and set a $500.00 target price on shares of RH in a report on Monday. Loop Capital boosted their price objective on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Wells Fargo & Company upped their target price on RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Bank of America raised their target price on RH from $310.00 to $359.00 and gave the company a “buy” rating in a report on Friday, September 13th. Finally, TD Cowen upped their price target on RH from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $415.40.

RH Price Performance

RH stock opened at $407.20 on Wednesday. The company has a market cap of $7.58 billion, a price-to-earnings ratio of 117.01, a price-to-earnings-growth ratio of 2.73 and a beta of 2.43. RH has a 12 month low of $212.43 and a 12 month high of $457.26. The stock’s 50-day moving average is $375.68 and its 200-day moving average is $317.00.

RH (NYSE:RH) last posted its earnings results 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 business had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. RH had a negative return on equity of 32.76% and a net margin of 2.25%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the company posted ($0.42) EPS. Research analysts anticipate that RH will post 5.63 EPS for the current year.

Insider Activity at RH

In other RH news, insider Edward T. Lee sold 2,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Keith Belling sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the sale, the director now owns 5,470 shares of the company’s stock, valued at $2,270,050. This trade represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,000 shares of company stock valued at $5,286,265 over the last ninety days. Corporate insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

Several large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in shares of RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after purchasing an additional 70 shares during the last quarter. GAMMA Investing LLC boosted its position in RH by 533.3% during the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after purchasing an additional 64 shares during the period. Blue Trust Inc. grew its stake in RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after buying an additional 74 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in RH in the third quarter worth $100,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in RH in the third quarter valued at $110,000. 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.