RH’s (RH) “Underperform” Rating Reiterated at BNP Paribas

BNP Paribas reaffirmed their underperform rating on shares of RH (NYSE:RH) in a research report sent to investors on Wednesday, MarketBeat Ratings reports. BNP Paribas currently has a $253.00 price target on the stock.

A number of other analysts have also weighed in on the stock. Wedbush upgraded shares of RH from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $310.00 to $430.00 in a report on Monday, October 21st. Wells Fargo & Company boosted their target price on RH from $325.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. StockNews.com raised RH to a “sell” rating in a research note on Thursday, September 19th. Telsey Advisory Group reissued a “market perform” rating and set a $290.00 price objective on shares of RH in a research report on Tuesday, September 10th. Finally, Stifel Nicolaus lifted their target price on shares of RH from $315.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $326.14.

RH Trading Down 2.2 %

Shares of NYSE:RH opened at $315.70 on Wednesday. The stock has a market capitalization of $5.82 billion, a P/E ratio of 185.71, a price-to-earnings-growth ratio of 1.78 and a beta of 2.43. The stock’s 50-day moving average price is $325.01 and its 200-day moving average price is $283.31. RH has a 12-month low of $212.43 and a 12-month high of $367.00.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. The business had revenue of $829.66 million for the quarter, compared to analysts’ expectations of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.93 EPS. As a group, research analysts predict that RH will post 5.65 EPS for the current year.

Insiders Place Their Bets

In other RH news, insider Stefan Duban sold 4,285 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the transaction, the insider now owns 78 shares of the company’s stock, valued at approximately $27,016.86. This represents a 98.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total value of $680,600.00. Following the sale, the director now owns 10,914 shares of the company’s stock, valued at approximately $3,714,034.20. This represents a 15.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,285 shares of company stock valued at $2,871,935. Insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new position in shares of RH during the 1st quarter worth $354,000. Oppenheimer Asset Management Inc. lifted its position in RH by 20.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 1,418 shares of the company’s stock valued at $494,000 after purchasing an additional 243 shares in the last quarter. Sei Investments Co. lifted its position in RH by 25.4% during the first quarter. Sei Investments Co. now owns 23,951 shares of the company’s stock valued at $8,341,000 after purchasing an additional 4,847 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in RH by 1.9% during the first quarter. Russell Investments Group Ltd. now owns 14,503 shares of the company’s stock valued at $5,051,000 after purchasing an additional 266 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in RH by 9.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 17,884 shares of the company’s stock worth $6,228,000 after buying an additional 1,580 shares in 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.