Overblown Holiday Worries? 3 Stocks Set for a Surprise Comeback
A number of other equities analysts also recently commented on the stock. Stifel Nicolaus lifted their target price 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. Wells Fargo & Company lifted their price target on shares of RH from $425.00 to $500.00 and gave the company an "overweight" rating in a research report on Friday, December 13th. The Goldman Sachs Group upgraded shares of RH from a "sell" rating to a "neutral" rating and lifted their price target for the company from $261.00 to $374.00 in a research report on Thursday, January 30th. Morgan Stanley upgraded shares of RH from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $435.00 to $530.00 in a research report on Monday, January 13th. Finally, Barclays upgraded shares of RH from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $431.60.
Check Out Our Latest Stock Report on RH
RH traded down $2.73 during midday trading on Tuesday, hitting $230.68. 1,216,788 shares of the company traded hands, compared to its average volume of 659,689. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 66.29, a PEG ratio of 2.65 and a beta of 2.50. RH has a 52-week low of $212.43 and a 52-week high of $457.26. The business has a 50 day simple moving average of $381.86 and a two-hundred day simple moving average of $354.06.
RH (NYSE:RH - Get Free Report) last posted its quarterly 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 business had revenue of $811.73 million during the quarter, compared to analysts' expectations of $812.19 million. During the same period in the prior year, the business posted ($0.42) earnings per share. The business's quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts anticipate that RH will post 4.39 earnings per share for the current year.
In other news, CAO Christina Hargarten sold 5,280 shares of the 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 completion of the transaction, the chief accounting officer now owns 484 shares in the company, valued at $216,444.80. This trade represents a 91.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Keith Belling sold 500 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the completion of the transaction, the director now owns 5,470 shares of the company's stock, valued at $2,270,050. This represents a 8.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,880 shares of company stock valued at $29,129,879. 28.10% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in shares of RH in the 3rd quarter valued at about $4,268,000. Invst LLC purchased a new position in shares of RH in the 3rd quarter valued at about $752,000. Cerity Partners LLC increased its holdings in shares of RH by 139.7% in the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company's stock valued at $864,000 after purchasing an additional 1,506 shares in the last quarter. L.M. Kohn & Company purchased a new position in RH during the 4th quarter valued at about $289,000. Finally, Sanctuary Advisors LLC increased its holdings in RH by 55.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,755 shares of the company's stock valued at $1,382,000 after acquiring an additional 1,341 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company's stock.
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.
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