RH (NYSE:RH) Stock Rating Upgraded by StockNews.com

RH (NYSE:RHGet Free Report) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research report issued on Friday.

A number of other research firms have also recently weighed in on RH. The Goldman Sachs Group dropped their price target on RH from $264.00 to $226.00 and set a “sell” rating for the company in a report on Monday, June 17th. Oppenheimer reaffirmed a “market perform” rating on shares of RH in a report on Monday, April 1st. Wells Fargo & Company reduced their price target on shares of RH from $360.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. Wedbush lowered their price objective on shares of RH from $320.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, June 14th. Finally, Morgan Stanley reduced their target price on shares of RH from $320.00 to $300.00 and set an “equal weight” rating on the stock in a research report on Monday, June 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $310.46.

Check Out Our Latest Stock Report on RH

RH Price Performance

Shares of RH stock opened at $215.97 on Friday. The company’s fifty day moving average price is $260.94 and its two-hundred day moving average price is $272.32. The firm has a market capitalization of $3.98 billion, a PE ratio of 59.83, a price-to-earnings-growth ratio of 0.80 and a beta of 2.51. RH has a 52-week low of $207.26 and a 52-week high of $406.38.

RH (NYSE:RHGet Free Report) last released its quarterly earnings data on Thursday, June 13th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.32). The company had revenue of $726.96 million for the quarter, compared to analyst estimates of $725.15 million. RH had a net margin of 2.72% and a negative return on equity of 29.15%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.21 earnings per share. Analysts predict that RH will post 8.29 earnings per share for the current fiscal year.

Insider Activity

In other RH news, insider Eri Chaya sold 100,000 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $279.92, for a total transaction of $27,992,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other RH news, insider Eri Chaya sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $279.92, for a total value of $27,992,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark S. Demilio sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total transaction of $288,990.00. Following the transaction, the director now directly owns 11,991 shares of the company’s stock, valued at $3,465,279.09. The disclosure for this sale can be found here. Insiders sold 103,000 shares of company stock worth $28,897,430 over the last quarter. 28.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RH. Creekmur Asset Management LLC bought a new stake in RH during the fourth quarter worth $25,000. Benjamin F. Edwards & Company Inc. acquired a new stake in RH in the 4th quarter valued at about $35,000. Quest Partners LLC acquired a new stake in RH in the 4th quarter valued at about $37,000. Global Retirement Partners LLC grew its holdings in RH by 120.3% during the fourth quarter. Global Retirement Partners LLC now owns 141 shares of the company’s stock worth $41,000 after purchasing an additional 77 shares during the period. Finally, Hollencrest Capital Management acquired a new position in RH during the first quarter worth approximately $47,000. 90.17% of the stock is owned by institutional investors and hedge funds.

About RH

(Get Free Report)

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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Analyst Recommendations for RH (NYSE:RH)

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