RH (NYSE:RH) Upgraded to "Hold" at StockNews.com

RH (NYSE:RH - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Friday.

Several other research analysts have also recently issued reports on RH. Stifel Nicolaus reiterated a "buy" rating and issued a $420.00 price objective (up from $375.00) on shares of RH in a report on Monday. Morgan Stanley boosted their price objective on RH from $310.00 to $435.00 and gave the stock an "equal weight" rating in a report on Friday. Loop Capital increased their target price on RH from $230.00 to $320.00 and gave the company a "hold" rating in a report on Monday, September 16th. TD Cowen increased their price target 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. Finally, JPMorgan Chase & Co. reduced their price objective on RH from $345.00 to $338.00 and set an "overweight" rating for the company in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, RH has a consensus rating of "Hold" and a consensus price target of $377.07.

RH Trading Up 16.9 %

RH stock traded up $64.54 during mid-day trading on Friday, reaching $445.92. The company's stock had a trading volume of 3,055,903 shares, compared to its average volume of 723,773. The business has a 50 day moving average price of $345.55 and a 200-day moving average price of $296.23. RH has a twelve month low of $212.43 and a twelve month high of $457.26. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of 262.31, a PEG ratio of 2.44 and a beta of 2.44.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (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 negative return on equity of 11.29% and a net margin of 1.13%. The company's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the business posted ($0.42) EPS. On average, equities analysts expect that RH will post 5.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Stefan Duban sold 4,285 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the sale, the insider now directly owns 78 shares in the company, valued at $27,016.86. This trade represents a 98.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark S. Demilio sold 2,000 shares of RH 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 transaction, the director now owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 15.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,285 shares of company stock worth $2,871,935 in the last quarter. Insiders own 28.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RH. Nisa Investment Advisors LLC lifted its stake in RH by 4.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 747 shares of the company's stock valued at $250,000 after purchasing an additional 35 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of RH by 1.7% during the 2nd quarter. Pacer Advisors Inc. now owns 2,340 shares of the company's stock worth $572,000 after acquiring an additional 40 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in shares of RH by 4.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company's stock worth $296,000 after acquiring an additional 47 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of RH by 3.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company's stock worth $579,000 after acquiring an additional 60 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company's stock valued at $33,000 after acquiring an additional 74 shares during the period. 90.17% of the stock is currently owned by institutional investors.

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.

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