RH (NYSE:RH) Upgraded by Telsey Advisory Group to “Outperform” Rating

RH (NYSE:RH) was upgraded by investment analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a $500.00 target price on the stock, up from their previous target price of $485.00. Telsey Advisory Group’s price target suggests a potential upside of 26.14% from the company’s current price.

A number of other analysts have also commented on the company. TD Cowen raised their price target on RH from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. StockNews.com raised RH from a “sell” rating to a “hold” rating in a research note on Friday, December 13th. BNP Paribas restated an “underperform” rating and set a $253.00 target price on shares of RH in a report on Wednesday, November 13th. Wells Fargo & Company raised their price objective on RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, Citigroup upped their price target on shares of RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $402.40.

RH Stock Performance

Shares of RH stock opened at $396.39 on Thursday. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 113.91, a price-to-earnings-growth ratio of 2.73 and a beta of 2.44. The company has a fifty day moving average of $352.97 and a 200-day moving average of $300.92. RH has a 52-week low of $212.43 and a 52-week high of $457.26.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.19). The company had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. RH had a negative return on equity of 32.76% and a net margin of 2.25%. RH’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.42) earnings per share. On average, equities research analysts forecast that RH will post 5.63 earnings per share for the current fiscal year.

Insider Activity at RH

In related news, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. 28.10% of the stock is owned by company insiders.

Institutional Trading of RH

A number of hedge funds and other institutional investors have recently bought and sold shares of RH. Texas Permanent School Fund Corp grew its stake in shares of RH by 25.3% during the 2nd quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock valued at $4,098,000 after acquiring an additional 3,387 shares during the period. Virtu Financial LLC bought a new position in shares of RH in the third quarter worth approximately $4,268,000. Lisanti Capital Growth LLC purchased a new stake in shares of RH in the third quarter worth $3,251,000. Invst LLC bought a new stake in shares of RH during the 3rd quarter valued at $752,000. Finally, Cerity Partners LLC lifted its stake in shares of RH by 139.7% during the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after buying an additional 1,506 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

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.