RH’s (RH) “Buy” Rating Reiterated at Guggenheim

Guggenheim reissued their buy rating on shares of RH (NYSE:RH) in a report released on Wednesday morning,Benzinga reports. They currently have a $425.00 target price on the stock.

RH has been the subject of several other research reports. BNP Paribas restated an “underperform” rating and set a $253.00 target price on shares of RH in a report on Wednesday, November 13th. Bank of America increased their target price on shares of RH from $310.00 to $359.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Loop Capital increased their target price on shares of RH from $230.00 to $320.00 and gave the stock a “hold” rating in a report on Monday, September 16th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $290.00 price target on shares of RH in a research report on Tuesday, September 10th. Finally, StockNews.com raised shares of RH to a “sell” rating in a research report on Thursday, September 19th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, RH has an average rating of “Hold” and an average target price of $332.73.

RH Stock Performance

Shares of NYSE RH opened at $376.10 on Wednesday. The stock has a market cap of $6.94 billion, a P/E ratio of 221.24, a P/E/G ratio of 2.15 and a beta of 2.44. The firm has a 50 day moving average price of $341.02 and a 200 day moving average price of $292.54. RH has a 52-week low of $212.43 and a 52-week high of $398.22.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The firm had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.93 earnings per share. Analysts predict that RH will post 5.63 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total value of $680,600.00. Following the transaction, the director now directly owns 10,914 shares of the company’s stock, valued at $3,714,034.20. This represents a 15.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the transaction, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. This represents a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,285 shares of company stock valued at $2,871,935 over the last ninety days. 28.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RH

Hedge funds have recently bought and sold shares of the business. Inspire Trust Co. N.A. grew its stake in RH by 8.6% during the third quarter. Inspire Trust Co. N.A. now owns 5,065 shares of the company’s stock worth $1,694,000 after buying an additional 400 shares in the last quarter. Blankinship & Foster LLC acquired a new stake in RH during the third quarter worth about $846,000. Sanctuary Advisors LLC grew its stake in RH by 55.6% during the third quarter. Sanctuary Advisors LLC now owns 3,755 shares of the company’s stock worth $1,382,000 after buying an additional 1,341 shares in the last quarter. Virtu Financial LLC acquired a new stake in RH during the third quarter worth about $4,268,000. Finally, Invst LLC acquired a new stake in RH during the third quarter worth about $752,000. 90.17% of the stock is 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.