RH (NYSE:RH) Upgraded at Barclays

Barclays upgraded shares of RH (NYSE:RH) from an equal weight rating to an overweight rating in a report issued on Wednesday morning, MarketBeat.com reports. They currently have $515.00 price target on the stock, up from their prior price target of $383.00.

Several other equities analysts have also issued reports on RH. Stifel Nicolaus boosted their price target on RH from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Loop Capital boosted their price objective on RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Citigroup upped their price target on RH from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Telsey Advisory Group upgraded RH from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $485.00 to $500.00 in a research note on Thursday, December 19th. Finally, Morgan Stanley upped their price objective on RH from $310.00 to $435.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $415.40.

RH Price Performance

RH stock opened at $414.75 on Wednesday. The stock’s 50 day moving average is $377.52 and its 200 day moving average is $318.33. The firm has a market cap of $7.72 billion, a P/E ratio of 119.18, a P/E/G ratio of 2.73 and a beta of 2.43. RH has a one year low of $212.43 and a one year high of $457.26.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The company had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. RH had a negative return on equity of 32.76% and a net margin of 2.25%. RH’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.42) earnings per share. Equities analysts anticipate that RH will post 5.63 earnings per share for the current fiscal year.

Insider Activity

In other RH news, Director Keith Belling sold 500 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was 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 owns 5,470 shares in the company, valued at approximately $2,270,050. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 value of $707,140.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,000 shares of company stock worth $5,286,265. 28.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RH. Texas Permanent School Fund Corp increased its holdings in shares of RH by 25.3% in the 2nd quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock worth $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 third quarter worth $4,268,000. Lisanti Capital Growth LLC bought a new stake in RH during the third quarter valued at about $3,251,000. Invst LLC bought a new stake in RH during the third quarter valued at about $752,000. Finally, Cerity Partners LLC grew its holdings in RH by 139.7% during the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after purchasing an additional 1,506 shares during the period. 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.