RH (NYSE:RH) Receives Neutral Rating from Wedbush

Wedbush reissued their neutral rating on shares of RH (NYSE:RH) in a research note released on Monday morning, Benzinga reports. They currently have a $320.00 target price on the stock.

Several other brokerages have also recently weighed in on RH. Robert W. Baird boosted their price objective on RH from $280.00 to $300.00 and gave the stock a neutral rating in a report on Thursday, March 28th. The Goldman Sachs Group increased their price objective on shares of RH from $201.00 to $264.00 and gave the company a sell rating in a report on Monday, April 1st. Telsey Advisory Group reaffirmed a market perform rating and set a $335.00 target price (up previously from $285.00) on shares of RH in a report on Tuesday, March 26th. JPMorgan Chase & Co. increased their price target on RH from $329.00 to $345.00 and gave the company an overweight rating in a research note on Thursday, March 28th. Finally, Loop Capital raised their price target on RH from $260.00 to $350.00 and gave the stock a hold rating in a research report on Monday, April 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $332.15.

RH Stock Performance

Shares of RH stock opened at $254.34 on Monday. The firm has a fifty day moving average of $277.64 and a 200-day moving average of $272.51. RH has a 52-week low of $207.26 and a 52-week high of $406.38. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 45.66, a P/E/G ratio of 3.11 and a beta of 2.54.

RH (NYSE:RH) last released its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.99). RH had a net margin of 4.21% and a negative return on equity of 777.61%. The firm had revenue of $738.26 million during the quarter, compared to analyst estimates of $777.50 million. During the same quarter last year, the firm earned $2.88 earnings per share. RH’s quarterly revenue was down 4.4% on a year-over-year basis. On average, sell-side analysts predict that RH will post 8.99 earnings per share for the current year.

Insiders Place Their Bets

In other RH news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total transaction of $616,440.00. Following the completion of the sale, the director now owns 12,991 shares of the company’s stock, valued at approximately $4,004,086.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other RH news, insider Eri Chaya sold 100,000 shares of the company’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total transaction of $616,440.00. Following the transaction, the director now directly owns 12,991 shares in the company, valued at $4,004,086.02. The disclosure for this sale can be found here. Insiders have sold a total of 103,000 shares of company stock valued at $28,897,430 over the last 90 days. 23.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RH

A number of hedge funds and other institutional investors have recently made changes to their positions in RH. Janus Henderson Group PLC increased its holdings in RH by 0.4% in the 1st quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock valued at $2,986,000 after buying an additional 38 shares during the period. Insight Advisors LLC PA raised its position in RH by 2.8% during the first quarter. Insight Advisors LLC PA now owns 1,447 shares of the company’s stock valued at $504,000 after purchasing an additional 39 shares in the last quarter. Tradition Wealth Management LLC lifted its stake in RH by 14.8% during the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after purchasing an additional 45 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of RH by 0.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company’s stock valued at $4,659,000 after purchasing an additional 47 shares in the last quarter. Finally, New York Life Investment Management LLC increased its stake in shares of RH by 4.1% in the 4th quarter. New York Life Investment Management LLC now owns 1,703 shares of the company’s stock valued at $496,000 after purchasing an additional 67 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.