RH (NYSE:RH) Rating Increased 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 note published on Thursday, MarketBeat.com reports. The Goldman Sachs Group currently has $374.00 price objective on the stock, up from their previous price objective of $261.00.

RH has been the subject of a number of other research reports. Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $435.00 to $530.00 in a report on Monday, January 13th. Loop Capital upped their target price on RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $383.00 to $515.00 in a report on Wednesday, January 8th. Stifel Nicolaus boosted their price target on RH from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, BNP Paribas reiterated an “underperform” rating and set a $253.00 price objective on shares of RH in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, RH presently has a consensus rating of “Moderate Buy” and a consensus price target of $431.60.

RH Trading Up 2.6 %

RH opened at $432.88 on Thursday. The business’s fifty day simple moving average is $404.21 and its 200-day simple moving average is $335.95. RH has a 12-month low of $212.43 and a 12-month high of $457.26. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 124.39, a PEG ratio of 9.66 and a beta of 2.43.

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

Insider Transactions at RH

In other RH news, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total value of $11,261,250.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $447.20, for a total value of $2,361,216.00. Following the sale, the chief accounting officer now owns 484 shares of the company’s stock, valued at approximately $216,444.80. This represents a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,880 shares of company stock valued at $29,129,879. 28.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RH. Versant Capital Management Inc increased its holdings in shares of RH by 7,000.0% during the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after purchasing an additional 70 shares during the period. UMB Bank n.a. grew its holdings in shares of RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after buying an additional 64 shares in the last quarter. Blue Trust Inc. raised its position in RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after purchasing an additional 74 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in RH in the fourth quarter worth $68,000. 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.