RH (NYSE:RH) Stock Rating Upgraded by Zacks Research

RH (NYSE:RH) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other research analysts have also recently issued reports on RH. Cowen reiterated a “buy” rating on shares of RH in a report on Friday, September 12th. Weiss Ratings restated a “hold (c-)” rating on shares of RH in a research report on Wednesday, October 8th. TD Cowen increased their price target on RH from $235.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Stifel Nicolaus dropped their price objective on RH from $390.00 to $320.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. Finally, Barclays decreased their target price on RH from $436.00 to $385.00 and set an “overweight” rating for the company in a research note on Friday, September 12th. Ten equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, RH currently has an average rating of “Hold” and an average target price of $259.69.

RH Stock Performance

Shares of NYSE:RH traded up $4.55 on Monday, hitting $161.57. The company’s stock had a trading volume of 178,902 shares, compared to its average volume of 1,224,925. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 30.09, a price-to-earnings-growth ratio of 0.76 and a beta of 2.09. RH has a 12 month low of $123.03 and a 12 month high of $457.26. The stock’s 50-day moving average is $174.82 and its two-hundred day moving average is $195.99.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, September 11th. The company reported $2.93 earnings per share for the quarter, missing the consensus estimate of $3.22 by ($0.29). The company had revenue of $899.15 million during the quarter, compared to analyst estimates of $906.58 million. RH had a negative return on equity of 113.58% and a net margin of 3.20%.The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.69 EPS. Equities analysts expect that RH will post 4.39 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $236.13, for a total value of $472,260.00. Following the transaction, the director owned 24,616 shares of the company’s stock, valued at approximately $5,812,576.08. This trade represents a 7.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 27.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of RH by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,409,962 shares of the company’s stock valued at $330,509,000 after acquiring an additional 7,952 shares during the period. Senvest Management LLC grew its position in RH by 54.6% during the 2nd quarter. Senvest Management LLC now owns 733,894 shares of the company’s stock worth $138,713,000 after purchasing an additional 259,200 shares in the last quarter. Durable Capital Partners LP raised its stake in RH by 125.1% during the 2nd quarter. Durable Capital Partners LP now owns 646,097 shares of the company’s stock valued at $122,119,000 after purchasing an additional 359,101 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of RH by 66.1% in the third quarter. Alliancebernstein L.P. now owns 573,666 shares of the company’s stock valued at $116,546,000 after purchasing an additional 228,229 shares in the last quarter. Finally, Atreides Management LP boosted its position in shares of RH by 69.1% in the first quarter. Atreides Management LP now owns 473,321 shares of the company’s stock worth $110,951,000 after buying an additional 193,404 shares during the period. 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.