William Blair Begins Coverage on RH (NYSE:RH)

Stock analysts at William Blair began coverage on shares of RH (NYSE:RHGet Rating) in a research report issued on Wednesday, The Fly reports. The firm set an “outperform” rating on the stock.

Several other equities research analysts also recently issued reports on the company. Morgan Stanley cut their price target on RH from $350.00 to $325.00 and set an “equal weight” rating for the company in a report on Friday, September 9th. The Goldman Sachs Group decreased their price target on RH from $262.00 to $224.00 and set a “neutral” rating on the stock in a research report on Friday, July 1st. Jefferies Financial Group reduced their price objective on RH from $400.00 to $375.00 and set a “buy” rating on the stock in a research note on Friday, September 9th. Wells Fargo & Company reduced their price objective on RH from $400.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, June 30th. Finally, UBS Group lifted their price target on RH from $240.00 to $262.00 in a research note on Friday, September 9th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $356.75.

RH Stock Performance

Shares of RH stock opened at $256.05 on Wednesday. The company has a debt-to-equity ratio of 2.55, a current ratio of 3.39 and a quick ratio of 2.49. The stock has a market cap of $6.08 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 1.33 and a beta of 2.31. The stock has a 50-day moving average of $275.70 and a 200-day moving average of $293.90. RH has a one year low of $207.37 and a one year high of $708.58.

RH (NYSE:RHGet Rating) last released its quarterly earnings results on Thursday, September 8th. The company reported $8.08 earnings per share for the quarter, topping analysts’ consensus estimates of $6.82 by $1.26. RH had a return on equity of 67.69% and a net margin of 16.95%. The firm had revenue of $991.62 million during the quarter, compared to the consensus estimate of $969.20 million. During the same quarter in the prior year, the firm posted $8.48 EPS. The business’s revenue was up .3% on a year-over-year basis. As a group, sell-side analysts expect that RH will post 24.84 earnings per share for the current year.

Insider Transactions at RH

In other news, Director Mark S. Demilio sold 615 shares of RH stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $263.75, for a total value of $162,206.25. Following the transaction, the director now directly owns 6,300 shares of the company’s stock, valued at $1,661,625. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Mark S. Demilio sold 615 shares of the business’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $263.75, for a total transaction of $162,206.25. Following the transaction, the director now owns 6,300 shares of the company’s stock, valued at $1,661,625. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark S. Demilio sold 1,224 shares of the business’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $261.47, for a total transaction of $320,039.28. Following the completion of the sale, the director now directly owns 6,915 shares in the company, valued at approximately $1,808,065.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,293 shares of company stock worth $4,258,160. 23.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its position in RH by 38.2% in the fourth quarter. Private Advisor Group LLC now owns 1,737 shares of the company’s stock valued at $931,000 after acquiring an additional 480 shares during the last quarter. Bank of Montreal Can grew its position in RH by 7.2% in the fourth quarter. Bank of Montreal Can now owns 7,636 shares of the company’s stock valued at $4,153,000 after acquiring an additional 511 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of RH by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,439 shares of the company’s stock valued at $53,294,000 after purchasing an additional 4,232 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of RH by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 212,561 shares of the company’s stock valued at $113,919,000 after purchasing an additional 9,095 shares in the last quarter. Finally, Alberta Investment Management Corp boosted its stake in shares of RH by 56.2% during the fourth quarter. Alberta Investment Management Corp now owns 10,465 shares of the company’s stock valued at $5,609,000 after purchasing an additional 3,765 shares in the last quarter. Institutional investors own 83.19% of the company’s stock.

About RH

(Get Rating)

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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