RH (NYSE:RH) Rating Increased to Overweight at Barclays

Barclays upgraded shares of RH (NYSE:RH) from an equal weight rating to an overweight rating in a report issued on Wednesday morning, Marketbeat reports. The firm currently has $515.00 target price on the stock, up from their prior target price of $383.00.

A number of other research firms have also recently commented on RH. Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $485.00 to $500.00 in a report on Thursday, December 19th. TD Cowen boosted their target price on RH from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Stifel Nicolaus upped their price target on RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Wells Fargo & Company raised 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 increased their target price on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $415.40.

RH Stock Up 0.8 %

NYSE RH opened at $407.20 on Wednesday. The stock has a fifty day simple moving average of $373.89 and a 200 day simple moving average of $316.37. RH has a twelve month low of $212.43 and a twelve month high of $457.26. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 117.01, a PEG ratio of 2.73 and a beta of 2.43.

RH (NYSE:RH) last announced 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 company had revenue of $811.73 million during 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 was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.42) earnings per share. Research analysts expect that RH will post 5.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Keith Belling sold 500 shares of RH stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $417.85, for a total value of $208,925.00. Following the completion of the sale, the director now owns 4,970 shares of the company’s stock, valued at approximately $2,076,714.50. This trade represents a 9.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Edward T. Lee sold 2,000 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,000 shares of company stock worth $5,286,265. 28.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On RH

Several large investors have recently modified their holdings of RH. Anomaly Capital Management LP boosted its holdings in RH by 503.6% in the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after purchasing an additional 291,368 shares during the period. Two Sigma Advisers LP increased its holdings in shares of RH by 141.5% in the third quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock worth $53,375,000 after buying an additional 93,500 shares during the period. Marshall Wace LLP increased its holdings in shares of RH by 58.6% in the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after buying an additional 64,423 shares during the period. Victory Capital Management Inc. boosted its holdings in RH by 77.0% during the 2nd quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock valued at $31,462,000 after acquiring an additional 55,999 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in RH by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock worth $66,239,000 after acquiring an additional 41,242 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

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.