RH (NYSE:RH) was upgraded by investment analysts at Loop Capital from a “hold” rating to a “buy” rating in a report issued on Thursday, January 11th, Marketbeat reports. The brokerage presently has a $65.00 price target on the stock. Loop Capital’s price target indicates a potential downside of 31.84% from the stock’s current price.
Several other brokerages have also issued reports on RH. Zacks Investment Research raised RH from a “hold” rating to a “strong-buy” rating and set a $120.00 price target for the company in a research note on Friday, December 8th. Stifel Nicolaus dropped their price target on RH from $100.00 to $75.00 and set a “hold” rating for the company in a research note on Wednesday, December 6th. Citigroup lifted their price target on RH from $1.37 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Barclays lifted their price objective on RH from $65.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 6th. Finally, Moffett Nathanson assumed coverage on RH in a report on Monday, December 4th. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $77.18.
Shares of RH (NYSE:RH) opened at $95.37 on Thursday. The company has a quick ratio of 0.28, a current ratio of 1.47 and a debt-to-equity ratio of -48.40. The company has a market capitalization of $1,977.14, a P/E ratio of 238.43, a PEG ratio of 1.58 and a beta of 1.70. RH has a 52 week low of $24.41 and a 52 week high of $109.53.
RH (NYSE:RH) last released its earnings results on Tuesday, December 5th. The company reported $1.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.04. RH had a return on equity of 20.04% and a net margin of 0.45%. The business had revenue of $592.50 million during the quarter, compared to the consensus estimate of $592.46 million. During the same period last year, the business posted $0.20 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. equities research analysts predict that RH will post 2.93 EPS for the current year.
In related news, CEO Gary G. Friedman acquired 10,300 shares of RH stock in a transaction dated Tuesday, December 12th. The stock was purchased at an average cost of $97.09 per share, for a total transaction of $1,000,027.00. Following the purchase, the chief executive officer now directly owns 2,245,710 shares of the company’s stock, valued at approximately $218,035,983.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karen Boone sold 22,000 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $99.60, for a total value of $2,191,200.00. Following the completion of the sale, the insider now owns 25,430 shares of the company’s stock, valued at $2,532,828. The disclosure for this sale can be found here. Corporate insiders own 18.80% of the company’s stock.
Large investors have recently bought and sold shares of the company. Flinton Capital Management LLC increased its stake in RH by 41.4% in the 2nd quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock worth $102,000 after buying an additional 464 shares in the last quarter. Riverhead Capital Management LLC increased its stake in RH by 58.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock worth $122,000 after buying an additional 698 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in RH in the 3rd quarter worth $274,000.
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RH Company Profile
RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.
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