RH (NYSE:RH) Upgraded by Morgan Stanley to Overweight Rating

Morgan Stanley upgraded shares of RH (NYSE:RH) from an equal weight rating to an overweight rating in a research note published on Monday morning, Marketbeat reports. The firm currently has $530.00 target price on the stock, up from their previous target price of $435.00.

Several other equities analysts have also recently weighed in on the company. Guggenheim raised their price objective on RH from $425.00 to $550.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. Wells Fargo & Company upped their price objective on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Robert W. Baird lifted their target price on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $500.00 target price on shares of RH in a report on Monday, January 6th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, RH currently has a consensus rating of “Hold” and a consensus price target of $421.73.

RH Price Performance

NYSE:RH opened at $427.71 on Monday. RH has a one year low of $212.43 and a one year high of $457.26. The company has a market cap of $7.96 billion, a PE ratio of 122.91, a PEG ratio of 2.73 and a beta of 2.43. The firm has a 50-day moving average of $383.07 and a 200-day moving average of $322.97.

RH (NYSE:RH) last issued 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 for the quarter, compared to the consensus estimate of $812.19 million. RH had a negative return on equity of 32.76% and a net margin of 2.25%. During the same period in the prior year, the firm posted ($0.42) earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts expect that RH will post 5.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Keith Belling sold 500 shares of the firm’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 value of $207,500.00. Following the completion of the transaction, the director now directly owns 5,470 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eri Chaya sold 10,000 shares of RH stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,000 shares of company stock valued at $15,946,515. 28.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RH. Versant Capital Management Inc boosted its holdings in RH by 7,000.0% in the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after purchasing an additional 70 shares during the period. GAMMA Investing LLC raised its position in shares of RH by 533.3% in the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after buying an additional 64 shares in the last quarter. Blue Trust Inc. boosted its stake in RH by 308.3% during the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after buying an additional 74 shares during the period. Centaurus Financial Inc. purchased a new position in RH during the third quarter worth about $100,000. Finally, Ameliora Wealth Management Ltd. bought a new position in RH in the 3rd quarter worth about $110,000. Institutional investors own 90.17% of the company’s stock.

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.