RH (NYSE:RH) Stock Rating Upgraded by Wall Street Zen

RH (NYSE:RH) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other research analysts have also recently weighed in on RH. The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $86.00 to $155.00 in a research note on Wednesday, July 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of RH in a research note on Friday, July 24th. Wells Fargo & Company lowered their target price on RH from $225.00 to $175.00 and set an “overweight” rating on the stock in a report on Friday. Zacks Research upgraded RH from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 16th. Finally, Bank of America decreased their price objective on RH from $156.00 to $114.00 and set an “underperform” rating on the stock in a report on Friday. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $165.57.

RH Trading Down 0.1%

NYSE:RH opened at $133.91 on Friday. RH has a 52-week low of $106.30 and a 52-week high of $248.44. The company has a quick ratio of 0.37, a current ratio of 1.12 and a debt-to-equity ratio of 26.57. The stock has a fifty day simple moving average of $166.32 and a 200-day simple moving average of $149.81. The company has a market capitalization of $2.53 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 3.19 and a beta of 1.85.

RH (NYSE:RH) last posted its earnings results on Thursday, September 10th. The company reported $2.70 earnings per share for the quarter, beating the consensus estimate of $0.38 by $2.32. The firm had revenue of $922.15 million during the quarter, compared to the consensus estimate of $915.09 million. RH had a net margin of 3.23% and a return on equity of 132.79%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the firm posted $2.93 EPS. On average, equities research analysts expect that RH will post 4.2 earnings per share for the current fiscal year.

Insider Activity at RH

In related news, Director Mark S. Demilio sold 2,445 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $168.44, for a total transaction of $411,835.80. Following the sale, the director owned 25,680 shares of the company’s stock, valued at $4,325,539.20. The trade was a 8.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary G. Friedman sold 48,238 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $158.66, for a total transaction of $7,653,441.08. Following the completion of the sale, the chief executive officer directly owned 3,226,337 shares of the company’s stock, valued at $511,890,628.42. The trade was a 1.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 132,749 shares of company stock valued at $21,856,812. Corporate insiders own 26.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new position in RH during the third quarter valued at $30,000. Wilmington Savings Fund Society FSB boosted its holdings in shares of RH by 200.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 174 shares of the company’s stock worth $31,000 after purchasing an additional 116 shares during the period. Advisory Services Network LLC acquired a new position in RH in the 3rd quarter valued at approximately $31,000. Modus Advisors LLC purchased a new stake in RH in the 4th quarter worth approximately $34,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of RH during the 1st quarter valued at $42,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about RH

Here are the key news stories impacting RH this week:

• Positive Sentiment: RH reported quarterly EPS of $2.70, well above the roughly $0.38–$0.42 analyst consensus. Revenue rose 2.6% year over year to approximately $922.2 million, broadly near estimates. A tariff refund helped lift profitability, while gross profit increased 8.7% to $444.9 million. RH Stock Rallies After Mixed Q2 Print
• Positive Sentiment: Management is positioning the new RH Estates collection and gallery format as a major long-term growth opportunity, saying it could potentially double the company’s addressable market. RH aims for Estates to represent half of its offering within five years. RH Estates: The Strategy Behind the Vision
• Positive Sentiment: Some analysts remain constructive: JPMorgan maintained an overweight rating with a $190 target, TD Cowen kept a buy rating at $190, and Guggenheim reaffirmed its buy rating with a $200 target. Analyst Forecast Revisions

About RH

RH, formerly known as Restoration Hardware, is a luxury home-furnishings company that offers products for residential and hospitality interiors. Its collections include furniture, lighting, textiles, rugs, bath and hardware, outdoor furnishings, and decorative accessories across a range of design categories.

The company sells through a network of RH Galleries, outlet locations, source books and its digital platforms. Its galleries are designed as immersive retail spaces that showcase coordinated room settings and related collections.