RH (NYSE:RH) Rating Increased to Hold at Zacks Research

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

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company raised their target price on shares of RH from $275.00 to $295.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of RH in a research report on Wednesday, October 8th. Guggenheim reissued a “buy” rating and set a $300.00 target price on shares of RH in a report on Friday, September 12th. William Blair downgraded RH from an “outperform” rating to a “market perform” rating in a report on Thursday, October 2nd. Finally, Cowen reaffirmed a “buy” rating on shares of RH in a research report on Friday, September 12th. Ten analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, RH presently has a consensus rating of “Hold” and a consensus target price of $259.69.

RH Stock Down 2.2%

RH stock opened at $157.10 on Monday. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 29.26, a P/E/G ratio of 0.76 and a beta of 2.09. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The business has a 50 day moving average price of $174.82 and a two-hundred day moving average price of $195.99.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, September 11th. The company reported $2.93 EPS 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 net margin of 3.20% and a negative return on equity of 113.58%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.69 EPS. On average, equities research analysts anticipate that RH will post 4.39 EPS for the current fiscal year.

Insider Activity

In other RH news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $236.13, for a total transaction of $472,260.00. Following the transaction, the director owned 24,616 shares in the company, valued at $5,812,576.08. This represents a 7.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 27.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RH

Several institutional investors have recently made changes to their positions in the stock. Quinn Opportunity Partners LLC bought a new position in RH during the 2nd quarter worth $378,000. Senvest Management LLC grew its holdings in shares of 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. Intech Investment Management LLC increased its position in shares of RH by 29.0% in the first quarter. Intech Investment Management LLC now owns 9,790 shares of the company’s stock worth $2,295,000 after purchasing an additional 2,198 shares during the period. Twin Lakes Capital Management LLC acquired a new position in RH in the second quarter valued at about $3,213,000. Finally, WCM Investment Management LLC lifted its position in RH by 130.9% during the second quarter. WCM Investment Management LLC now owns 105,730 shares of the company’s stock worth $20,176,000 after purchasing an additional 59,941 shares during the period. 90.17% of the stock is currently owned by institutional investors.

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.