RH (NYSE:RH) Coverage Initiated at Stifel Nicolaus

Stock analysts at Stifel Nicolaus assumed coverage on shares of RH (NYSE:RH) in a report issued on Tuesday, Marketbeat.com reports. The firm set a “buy” rating and a $315.00 price target on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 28.36% from the company’s current price.

A number of other research firms also recently weighed in on RH. Wedbush dropped their price target on shares of RH from $320.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, June 14th. JPMorgan Chase & Co. upped their target price on shares of RH from $329.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Loop Capital reduced their price target on RH from $350.00 to $230.00 and set a “hold” rating on the stock in a research report on Monday, June 17th. Bank of America dropped their price objective on RH from $375.00 to $325.00 and set a “buy” rating for the company in a report on Friday, June 14th. Finally, The Goldman Sachs Group reduced their target price on RH from $264.00 to $226.00 and set a “sell” rating on the stock in a report on Monday, June 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, RH presently has a consensus rating of “Hold” and an average target price of $310.79.

RH Stock Performance

NYSE:RH opened at $245.40 on Tuesday. The firm’s 50-day moving average is $258.23 and its 200-day moving average is $267.60. RH has a 52-week low of $207.26 and a 52-week high of $406.38. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 67.98, a PEG ratio of 0.90 and a beta of 2.42.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, June 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.32). The business had revenue of $726.96 million during the quarter, compared to the consensus estimate of $725.15 million. RH had a net margin of 2.72% and a negative return on equity of 29.15%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the firm earned $2.21 EPS. Equities analysts predict that RH will post 8.15 EPS for the current year.

Insider Activity at RH

In related news, insider Eri Chaya sold 100,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $279.92, for a total transaction of $27,992,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Gary G. Friedman bought 34,200 shares of RH stock in a transaction dated Tuesday, June 25th. The stock was purchased at an average price of $215.00 per share, for a total transaction of $7,353,000.00. Following the purchase, the chief executive officer now directly owns 3,339,263 shares in the company, valued at approximately $717,941,545. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eri Chaya sold 100,000 shares of RH stock in a transaction on Monday, May 6th. The stock was sold at an average price of $279.92, for a total value of $27,992,000.00. The disclosure for this sale can be found here. 28.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RH

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RH. Klein Pavlis & Peasley Financial Inc. bought a new stake in RH during the fourth quarter valued at $1,246,000. Moody National Bank Trust Division bought a new stake in shares of RH during the 4th quarter valued at about $1,043,000. Xcel Wealth Management LLC boosted its position in shares of RH by 6.9% during the 4th quarter. Xcel Wealth Management LLC now owns 95,373 shares of the company’s stock valued at $27,799,000 after acquiring an additional 6,165 shares during the last quarter. Locust Wood Capital Advisers LLC grew its holdings in shares of RH by 190.9% during the fourth quarter. Locust Wood Capital Advisers LLC now owns 87,408 shares of the company’s stock worth $25,478,000 after purchasing an additional 57,362 shares in the last quarter. Finally, Findell Capital Management LLC bought a new position in shares of RH in the fourth quarter worth approximately $5,247,000. 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.