RH (NYSE:RH) Upgraded by Barclays to Overweight Rating

Barclays upgraded shares of RH (NYSE:RH - Free Report) from an equal weight rating to an overweight rating in a research note published on Wednesday, MarketBeat Ratings reports. The brokerage currently has $515.00 price objective on the stock, up from their prior price objective of $383.00.

RH has been the topic of a number of other reports. BNP Paribas reaffirmed an "underperform" rating and set a $253.00 price objective on shares of RH in a report on Wednesday, November 13th. Guggenheim boosted their price target on RH from $425.00 to $550.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Wells Fargo & Company increased their price objective on RH from $425.00 to $500.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Telsey Advisory Group upgraded shares of RH from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $485.00 to $500.00 in a research note on Thursday, December 19th. Finally, TD Cowen increased their target price on shares of RH from $325.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, RH presently has a consensus rating of "Hold" and an average target price of $415.40.

RH Price Performance

Shares of NYSE RH traded up $3.38 during mid-day trading on Wednesday, hitting $407.20. The company had a trading volume of 486,128 shares, compared to its average volume of 413,616. RH has a 12 month low of $212.43 and a 12 month high of $457.26. The firm has a market cap of $7.58 billion, a P/E ratio of 117.01, a PEG ratio of 2.73 and a beta of 2.43. The business's 50-day simple moving average is $372.18 and its 200-day simple moving average is $315.73.

RH (NYSE:RH - Get Free Report) last announced 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 firm 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%. RH's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.42) EPS. As a group, sell-side analysts predict that RH will post 5.63 EPS for the current year.

Insider Transactions at RH

In related news, Director Keith Belling sold 500 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $417.85, for a total value of $208,925.00. Following the transaction, the director now directly owns 4,970 shares in the company, valued at $2,076,714.50. This represents a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $416.27, for a total transaction 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. 28.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its stake in RH by 187.8% in the second 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 period. National Bank of Canada FI increased its stake in RH by 10.5% during the 2nd quarter. National Bank of Canada FI now owns 18,060 shares of the company's stock worth $4,302,000 after purchasing an additional 1,719 shares in the last quarter. Victory Capital Management Inc. raised 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 worth $31,462,000 after buying an additional 55,999 shares during the period. Arizona State Retirement System lifted its stake in RH by 2.4% in the second quarter. Arizona State Retirement System now owns 4,101 shares of the company's stock valued at $1,002,000 after buying an additional 95 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its stake in RH by 25.3% in the second quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company's stock valued at $4,098,000 after buying an additional 3,387 shares in the last quarter. 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.