RH’s (RH) “Underperform” Rating Reiterated at BNP Paribas

BNP Paribas reaffirmed their underperform rating on shares of RH (NYSE:RH) in a report released on Wednesday morning, Marketbeat reports. BNP Paribas currently has a $253.00 price target on the stock.

Several other equities analysts have also recently commented on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $290.00 price target on shares of RH in a research report on Tuesday, September 10th. Barclays decreased their target price on RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Wells Fargo & Company raised their price objective on RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Robert W. Baird lifted their price objective on shares of RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. Finally, Morgan Stanley increased their target price on shares of RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $326.14.

RH Stock Performance

NYSE:RH opened at $315.48 on Wednesday. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 185.58, a price-to-earnings-growth ratio of 1.84 and a beta of 2.43. RH has a one year low of $212.43 and a one year high of $367.00. The business’s 50-day simple moving average is $323.66 and its 200 day simple moving average is $282.89.

RH (NYSE:RH) last released its earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.56 by $0.13. The company had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.93 EPS. On average, equities research analysts predict that RH will post 5.67 EPS for the current year.

Insiders Place Their Bets

In other news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the sale, the insider now directly owns 78 shares of the company’s stock, valued at $27,016.86. This represents a 98.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Edward T. Lee sold 2,000 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its holdings in RH by 10.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock valued at $231,728,000 after buying an additional 62,198 shares in the last quarter. Anomaly Capital Management LP raised its position in shares of RH by 503.6% during the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after buying an additional 291,368 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in RH by 18.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after acquiring an additional 41,242 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in RH by 8.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock worth $82,206,000 after purchasing an additional 18,563 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in RH by 26.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after buying an additional 38,572 shares during the period. 90.17% of the stock is 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.