RH (NYSE:RH) Downgraded to "Sell" Rating by StockNews.com

RH (NYSE:RH - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Other equities research analysts have also recently issued reports about the company. Barclays decreased their price target on RH from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Monday, September 16th. Loop Capital upped their target price on shares of RH from $320.00 to $450.00 and gave the stock a "hold" rating in a report on Monday, December 16th. Citigroup raised their price target on shares of RH from $340.00 to $355.00 and gave the company a "buy" rating in a report on Friday, September 13th. Wells Fargo & Company upped their price target on shares of RH from $425.00 to $500.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. Finally, BNP Paribas reissued an "underperform" rating and set a $253.00 price objective on shares of RH in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, RH currently has an average rating of "Hold" and a consensus target price of $402.40.

RH Trading Up 2.6 %

Shares of RH stock traded up $10.24 during trading on Friday, reaching $398.26. 763,426 shares of the company's stock traded hands, compared to its average volume of 727,881. RH has a 1 year low of $212.43 and a 1 year high of $457.26. The company has a market capitalization of $7.41 billion, a P/E ratio of 114.44, a PEG ratio of 2.73 and a beta of 2.44. The firm's 50-day moving average is $355.73 and its 200 day moving average is $302.38.

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 analysts' consensus estimates of $2.67 by ($0.19). RH had a negative return on equity of 32.76% and a net margin of 2.25%. The company had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. During the same period in the previous year, the business earned ($0.42) earnings per share. RH's revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts predict that RH will post 5.63 earnings per share for the current fiscal year.

Insider Buying and Selling at RH

In other news, Director Keith Belling sold 500 shares of the stock in a transaction 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 directly owns 5,470 shares of the company's stock, valued at $2,270,050. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction on 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. 28.10% of the stock is owned by corporate insiders.

Institutional Trading of RH

Several hedge funds have recently bought and sold shares of RH. Blue Trust Inc. increased its position 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 during the last quarter. Ridgewood Investments LLC purchased a new stake in shares of RH during the 2nd quarter valued at about $62,000. Centaurus Financial Inc. bought a new position in shares of RH in the 3rd quarter valued at about $100,000. Ameliora Wealth Management Ltd. purchased a new position in RH in the third quarter worth about $110,000. Finally, Quarry LP bought a new stake in RH during the third quarter worth approximately $141,000. Hedge funds and other institutional investors own 90.17% of the company's stock.

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.