RH (NYSE:RH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of RH (NYSE:RH) from a sell rating to a hold rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

RH has been the subject of several other research reports. JPMorgan Chase & Co. cut their price target on RH from $212.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday. Stifel Nicolaus increased their price target on RH from $110.00 to $130.00 and gave the stock a “hold” rating in a report on Friday, June 12th. UBS Group set a $190.00 price objective on shares of RH in a research report on Friday. Zacks Research raised shares of RH from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, Robert W. Baird cut their price objective on shares of RH from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday. Seven investment 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $165.57.

RH Stock Performance

NYSE RH opened at $134.59 on Friday. The firm has a market cap of $2.55 billion, a P/E ratio of 23.95, a P/E/G ratio of 3.19 and a beta of 1.85. RH has a 52-week low of $106.30 and a 52-week high of $248.44. The business’s 50-day moving average price is $165.63 and its 200 day moving average price is $149.42. The company has a quick ratio of 0.37, a current ratio of 1.12 and a debt-to-equity ratio of 26.57.

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

Insiders Place Their Bets

In related news, Director Carlos Alberini purchased 11,388 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was acquired at an average price of $160.90 per share, for a total transaction of $1,832,329.20. Following the acquisition, the director directly owned 32,190 shares of the company’s stock, valued at $5,179,371. This trade represents a 54.74% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark S. Demilio sold 2,445 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $168.44, for a total transaction of $411,835.80. Following the completion of the sale, the director owned 25,680 shares of the company’s stock, valued at $4,325,539.20. This trade represents a 8.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 130,547 shares of company stock worth $21,526,512. Corporate insiders own 26.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RH. Modus Advisors LLC purchased a new position in RH in the 4th quarter valued at approximately $34,000. Geneos Wealth Management Inc. purchased a new stake in RH during the first quarter worth $42,000. Himension Capital Singapore PTE. LTD. purchased a new stake in RH during the first quarter worth $45,000. Eurizon Capital SGR S.p.A. acquired a new stake in RH in the fourth quarter valued at $78,000. Finally, Hantz Financial Services Inc. grew its holdings in RH by 110.1% in the fourth quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock valued at $82,000 after purchasing an additional 240 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.