Wedbush Reiterates Outperform Rating for RH (NYSE:RH)

RH (NYSE:RH)‘s stock had its “outperform” rating reissued by equities research analysts at Wedbush in a note issued to investors on Monday,RTT News reports. They presently have a $500.00 price objective on the stock. Wedbush’s price objective points to a potential upside of 20.29% from the company’s current price.

Several other brokerages also recently weighed in on RH. Morgan Stanley increased their target price on RH from $310.00 to $435.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Stifel Nicolaus raised their price objective on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Guggenheim upped their target price on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Wells Fargo & Company raised their price target on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Loop Capital raised their price objective on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $402.40.

RH Price Performance

Shares of RH stock traded up $10.20 during trading on Monday, reaching $415.66. The company had a trading volume of 551,627 shares, compared to its average volume of 395,042. RH has a one year low of $212.43 and a one year high of $457.26. The firm’s 50 day simple moving average is $368.52 and its two-hundred day simple moving average is $313.02. The company has a market capitalization of $7.73 billion, a PE ratio of 119.44, a PEG ratio of 2.73 and a beta of 2.43.

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

Insider Activity

In related news, insider Edward T. Lee sold 2,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Belling sold 500 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total value of $207,500.00. Following the transaction, the director now directly owns 5,470 shares of the company’s stock, valued at $2,270,050. This represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 28.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On RH

A number of institutional investors have recently modified their holdings of the business. Anomaly Capital Management LP grew its position in RH by 503.6% in the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after acquiring an additional 291,368 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of RH by 141.5% during the 3rd quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock worth $53,375,000 after buying an additional 93,500 shares in the last quarter. Marshall Wace LLP grew its holdings in RH by 58.6% in the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after purchasing an additional 64,423 shares during the period. Victory Capital Management Inc. boosted its holdings in RH by 77.0% in the second quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock worth $31,462,000 after acquiring an additional 55,999 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of RH by 18.0% during the second quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after buying an additional 41,242 shares during the last quarter. 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.