1 day Ago By ABMN Staff
RH ( NYSE:RH – Get Free Report ) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research note issued to investors on Thursday. A number of other research analysts also recently weighed in on RH.
Bank of America increased their target price on shares of RH from $310.00 to $359.00 and gave the company a “buy” rating in a research report on Friday, September 13th.
Stifel Nicolaus increased their target price on shares of RH from $315.00 to $375.00 and gave the company a “buy” rating in a research report on Monday.
Citigroup increased their target price on shares of RH from $340.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, September 13th.
Wedbush increased their target price on shares of RH from $250.00 to $310.00 and gave the company a “neutral” rating in a research report on Friday, September 13th.
Finally, TD Cowen increased their target price on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 13th.
Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $322.
54. Get Our Latest Report on RH RH Stock Performance RH ( NYSE:RH – Get Free Report ) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.
69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13.
RH had a net margin of 1.13% and a negative return on equity of 10.63%.
The business had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million.
During the same period in the prior year, the firm posted $3.93 EPS. The firm’s quarterly revenue was up 3.
6% compared to the same quarter last year. On average, sell-side analysts forecast that RH will post 7.29 EPS for the current fiscal year.
Insider Buying and Selling In other news, CEO Gary G. Friedman bought 34,200 shares of the stock in a transaction on Tuesday, June 25th. The shares were acquired at an average cost 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 of the company’s stock, valued at approximately $717,941,545.
The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website . 28.10% of the stock is owned by insiders.
Institutional Trading of RH Several institutional investors and hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new stake in shares of RH during the 2nd quarter valued at $601,000. Creative Planning raised its position in shares of RH by 4.
2% during the 2nd quarter. Creative Planning now owns 2,426 shares of the company’s stock valued at $593,000 after buying an additional 97 shares in the last quarter. Smith Thornton Advisors LLC purchased a new stake in shares of RH during the 2nd quarter valued at $283,000.
BlackBarn Capital Partners LP raised its position in shares of RH by 156.8% during the 2nd quarter. BlackBarn Capital Partners LP now owns 43,655 shares of the company’s stock valued at $10,671,000 after buying an additional 26,655 shares in the last quarter.
Finally, Point72 DIFC Ltd purchased a new stake in shares of RH during the 2nd quarter valued at $1,289,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.
About RH ( Get Free Report ) 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. Featured Stories Receive News & Ratings for RH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RH and related companies with MarketBeat.
com's FREE daily email newsletter ..
