RH (NYSE:RH) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of RH (NYSE:RH) from a sell rating to a hold rating in a research note released on Saturday,Wall Street Zen reports.

A number of other analysts have also recently weighed in on the stock. BNP Paribas Exane reissued an “underperform” rating and set a $81.00 price objective (down from $90.00) on shares of RH in a report on Friday. Stifel Nicolaus increased their target price on shares of RH from $110.00 to $130.00 and gave the company a “hold” rating in a research report on Friday, June 12th. Zacks Research upgraded shares of RH from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 16th. UBS Group set a $190.00 price target on shares of RH in a research report on Friday. Finally, Morgan Stanley decreased their price objective on shares of RH from $240.00 to $210.00 and set an “overweight” rating for the company in a research note on Friday. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $165.57.

RH Trading Down 0.1%

NYSE:RH opened at $133.91 on Friday. RH has a 1 year low of $106.30 and a 1 year high of $248.44. The stock has a market cap of $2.53 billion, a P/E ratio of 23.83, a P/E/G ratio of 3.19 and a beta of 1.85. The company has a debt-to-equity ratio of 54.96, a quick ratio of 0.32 and a current ratio of 1.13. The stock has a 50-day simple moving average of $166.32 and a 200-day simple moving average of $150.09.

RH (NYSE:RH) last issued its earnings results on Thursday, September 10th. The company reported $2.70 earnings per share for the quarter, topping the consensus estimate of $0.38 by $2.32. The business had revenue of $922.15 million for the quarter, compared to analyst estimates of $915.09 million. RH had a return on equity of 198.76% and a net margin of 3.23%.The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $2.93 EPS. As a group, analysts anticipate that RH will post 4.2 earnings per share for the current fiscal year.

Insider Buying and Selling at RH

In other RH news, CEO Gary G. Friedman sold 48,238 shares of RH stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $158.66, for a total value of $7,653,441.08. Following the transaction, the chief executive officer directly owned 3,226,337 shares in the company, valued at approximately $511,890,628.42. This trade represents a 1.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carlos Alberini bought 11,388 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was bought at an average cost of $160.90 per share, for a total transaction of $1,832,329.20. Following the acquisition, the director owned 32,190 shares of the company’s stock, valued at approximately $5,179,371. This trade represents a 54.74% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 132,749 shares of company stock valued at $21,856,812 in the last ninety days. Insiders own 26.90% of the company’s stock.

Hedge Funds Weigh In On RH

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of RH in the fourth quarter valued at about $28,092,000. Deutsche Bank AG raised its position in shares of RH by 526.0% during the 2nd quarter. Deutsche Bank AG now owns 19,019 shares of the company’s stock worth $3,133,000 after purchasing an additional 15,981 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of RH by 138.1% during the 1st quarter. Quantinno Capital Management LP now owns 24,999 shares of the company’s stock worth $3,495,000 after purchasing an additional 14,500 shares during the last quarter. Oak Thistle LLC purchased a new stake in RH in the 2nd quarter valued at approximately $2,033,000. Finally, Logan Capital Management Inc. lifted its stake in RH by 115.2% in the 4th quarter. Logan Capital Management Inc. now owns 32,716 shares of the company’s stock valued at $5,861,000 after buying an additional 17,516 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about RH

Here are the key news stories impacting RH this week:

• Positive Sentiment: RH reported quarterly EPS of $2.70, well above the roughly $0.38–$0.42 analyst consensus. Revenue rose 2.6% year over year to approximately $922.2 million, broadly near estimates. A tariff refund helped lift profitability, while gross profit increased 8.7% to $444.9 million. RH Stock Rallies After Mixed Q2 Print
• Positive Sentiment: Management is positioning the new RH Estates collection and gallery format as a major long-term growth opportunity, saying it could potentially double the company’s addressable market. RH aims for Estates to represent half of its offering within five years. RH Estates: The Strategy Behind the Vision
• Positive Sentiment: Some analysts remain constructive: JPMorgan maintained an overweight rating with a $190 target, TD Cowen kept a buy rating at $190, and Guggenheim reaffirmed its buy rating with a $200 target. Analyst Forecast Revisions

RH Company Profile

RH, formerly known as Restoration Hardware, is a luxury home-furnishings company that offers products for residential and hospitality interiors. Its collections include furniture, lighting, textiles, rugs, bath and hardware, outdoor furnishings, and decorative accessories across a range of design categories.

The company sells through a network of RH Galleries, outlet locations, source books and its digital platforms. Its galleries are designed as immersive retail spaces that showcase coordinated room settings and related collections.