Wedbush Reaffirms Outperform Rating for RH (NYSE:RH)

RH (NYSE:RH)‘s stock had its “outperform” rating reissued by research analysts at Wedbush in a research report issued on Monday,RTT News reports. They currently have a $500.00 price objective on the stock. Wedbush’s target price would suggest a potential upside of 20.29% from the stock’s current price.

RH has been the subject of several other research reports. TD Cowen upped their price objective on shares of RH from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Bank of America increased their price objective on shares of RH from $310.00 to $359.00 and gave the company a “buy” rating in a report on Friday, September 13th. Telsey Advisory Group raised RH from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $485.00 to $500.00 in a report on Thursday, December 19th. Stifel Nicolaus upped their target price on RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Guggenheim lifted their price target on RH from $425.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Three 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. According to MarketBeat.com, RH currently has an average rating of “Hold” and an average price target of $402.40.

RH Stock Up 2.5 %

NYSE RH traded up $10.20 during trading hours on Monday, hitting $415.66. The company had a trading volume of 551,627 shares, compared to its average volume of 395,042. The firm has a market cap of $7.73 billion, a P/E ratio of 119.44, a price-to-earnings-growth ratio of 2.73 and a beta of 2.43. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26. The business has a fifty day simple moving average of $368.52 and a 200-day simple moving average of $313.02.

RH (NYSE:RH) last issued 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 during the quarter, compared to the consensus estimate of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 32.76%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.42) earnings per share. Equities analysts forecast that RH will post 5.63 EPS for the current fiscal year.

Insider Buying and Selling at RH

In related news, Director Keith Belling sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the transaction, the director now directly owns 5,470 shares of the company’s stock, valued at approximately $2,270,050. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Edward T. Lee sold 2,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was 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. Company insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

Institutional investors and hedge funds have recently modified their holdings of the stock. Texas Permanent School Fund Corp grew 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 purchasing an additional 3,387 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of RH in the 3rd quarter valued at approximately $4,268,000. Lisanti Capital Growth LLC acquired a new position in RH in the third quarter worth approximately $3,251,000. Invst LLC bought a new position in RH during the third quarter valued at approximately $752,000. Finally, Cerity Partners LLC lifted its stake in RH by 139.7% in the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after acquiring an additional 1,506 shares during the last quarter. 90.17% of the stock is currently owned by hedge funds and other 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.