RH (NYSE:RH) Rating Increased to Overweight at Morgan Stanley

RH (NYSE:RH - Get Free Report) was upgraded by stock analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a research report issued on Monday, Marketbeat reports. The brokerage currently has a $530.00 price target on the stock, up from their prior price target of $435.00. Morgan Stanley's price objective indicates a potential upside of 26.56% from the stock's current price.

Several other research firms also recently weighed in on RH. Telsey Advisory Group raised shares of RH from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $485.00 to $500.00 in a report on Thursday, December 19th. Stifel Nicolaus upped their price target on shares of RH from $420.00 to $500.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. BNP Paribas reiterated an "underperform" rating and set a $253.00 price objective on shares of RH in a research note on Wednesday, November 13th. StockNews.com downgraded RH from a "hold" rating to a "sell" rating in a research report on Saturday, December 21st. Finally, JPMorgan Chase & Co. decreased their price target on RH from $345.00 to $338.00 and set an "overweight" rating for the company in a research note on Monday, September 16th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, RH has an average rating of "Hold" and a consensus price target of $421.73.

RH Trading Up 1.2 %

NYSE RH traded up $4.81 during trading hours on Monday, reaching $418.76. 802,536 shares of the company traded hands, compared to its average volume of 501,987. The stock has a market capitalization of $7.79 billion, a PE ratio of 120.33, a PEG 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 company has a 50 day moving average of $379.30 and a two-hundred day moving average of $321.02.

RH (NYSE:RH - Get Free Report) last posted its quarterly 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 net margin of 2.25% and a negative return on equity of 32.76%. The company's quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted ($0.42) earnings per share. On average, equities research analysts anticipate that RH will post 5.63 earnings per share for the current year.

Insider Buying and Selling at RH

In other news, Director Keith Belling sold 500 shares of the company's stock in a transaction dated Tuesday, December 17th. The shares were 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 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 the SEC website. Also, insider Eri Chaya sold 10,000 shares of the firm's 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 13,000 shares of company stock worth $5,286,265 over the last ninety days. Company insiders own 28.10% of the company's stock.

Institutional Investors Weigh In On RH

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