RH (NYSE:RH) Upgraded to Neutral at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of RH (NYSE:RH) from a sell rating to a neutral rating in a research report released on Thursday, MarketBeat Ratings reports. The firm currently has $374.00 target price on the stock, up from their prior target price of $261.00.

A number of other equities research analysts have also commented on RH. Telsey Advisory Group upgraded RH from a “market perform” rating to an “outperform” rating and upped their target price for the company from $485.00 to $500.00 in a research report on Thursday, December 19th. StockNews.com cut shares of RH from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Morgan Stanley raised shares of RH from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $435.00 to $530.00 in a report on Monday, January 13th. Robert W. Baird lifted their price objective on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $383.00 to $515.00 in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, RH presently has an average rating of “Moderate Buy” and an average price target of $431.60.

RH Stock Down 3.1 %

NYSE RH opened at $419.70 on Thursday. RH has a 52 week low of $212.43 and a 52 week high of $457.26. The company has a 50 day moving average price of $407.01 and a 200 day moving average price of $337.93. The firm has a market cap of $7.81 billion, a PE ratio of 120.60, a price-to-earnings-growth ratio of 9.66 and a beta of 2.43.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The business had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. RH’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.42) EPS. On average, equities research analysts anticipate that RH will post 4.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Keith Belling sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the completion of the transaction, the director now directly owns 5,470 shares of the company’s stock, valued at $2,270,050. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total value of $11,261,250.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,880 shares of company stock worth $29,129,879. Company insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in shares of RH by 8.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock valued at $82,206,000 after acquiring an additional 18,563 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in RH by 26.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after purchasing an additional 38,572 shares during the period. Two Sigma Advisers LP increased its position in RH by 141.5% during the third quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock worth $53,375,000 after purchasing an additional 93,500 shares during the last quarter. Xcel Wealth Management LLC boosted its holdings in shares of RH by 1.3% in the 3rd quarter. Xcel Wealth Management LLC now owns 124,550 shares of the company’s stock valued at $41,653,000 after purchasing an additional 1,612 shares during the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in shares of RH during the 4th quarter valued at $31,384,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

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.