RH (RH) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of RH (NYSE:RH) from a hold rating to a buy rating in a research note published on Friday, March 16th. Zacks Investment Research currently has $86.00 price objective on the stock.

According to Zacks, “RH’s shares have gained 111.1% in the past year, compared to its industry’s just 0.8% growth. earnings estimates have also been trending upward over the past 60 days for the current quarter and the next year. The company’s efforts to redesign its supply chain network, rationalize product offerings and the Waterworks acquisition are expected to boost growth. Initiatives like RH Modern, RH Teen, RH Hospitality, the redesign of RH Interiors Source Book and the rollout of Design Ateliers across the company’s retail galleries are expected to drive growth in 2017 and beyond. However, higher dependence on imports makes it vulnerable to uncertain macro conditions.”

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Several other research analysts have also issued reports on RH. Citigroup upgraded shares of RH from a neutral rating to a buy rating in a report on Thursday, November 16th. Oppenheimer restated a hold rating on shares of RH in a report on Thursday, November 16th. Telsey Advisory Group restated a market perform rating on shares of RH in a report on Thursday, November 16th. Loop Capital raised their price target on shares of RH to $101.00 and gave the stock a hold rating in a report on Friday, November 17th. Finally, Bank of America lifted their price objective on shares of RH from $50.00 to $60.00 and gave the company an underperform rating in a research note on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. RH presently has an average rating of Hold and a consensus target price of $87.05.

RH stock opened at $88.89 on Friday. The company has a debt-to-equity ratio of -148.64, a current ratio of 1.24 and a quick ratio of 0.23. RH has a 52-week low of $41.52 and a 52-week high of $109.53. The company has a market cap of $1,943.25, a price-to-earnings ratio of 29.14, a PEG ratio of 0.72 and a beta of 1.73.

RH (NYSE:RH) last released its quarterly earnings results on Tuesday, March 27th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.13. RH had a net margin of 0.09% and a return on equity of 65.66%. The firm had revenue of $670.00 million during the quarter, compared to analyst estimates of $672.39 million. During the same quarter last year, the business earned $0.68 EPS. The company’s revenue was up 14.2% compared to the same quarter last year. analysts forecast that RH will post 5.76 earnings per share for the current year.

In related news, insider Karen Boone sold 25,000 shares of RH stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $95.54, for a total value of $2,388,500.00. Following the completion of the sale, the insider now owns 34,306 shares of the company’s stock, valued at approximately $3,277,595.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mark S. Demilio sold 11,100 shares of RH stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $95.46, for a total transaction of $1,059,606.00. Following the completion of the sale, the director now directly owns 9,766 shares of the company’s stock, valued at approximately $932,262.36. The disclosure for this sale can be found here. Company insiders own 18.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in RH by 1.7% during the 4th quarter. BlackRock Inc. now owns 2,420,683 shares of the company’s stock worth $208,686,000 after acquiring an additional 40,415 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in RH by 133.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,500,067 shares of the company’s stock worth $129,321,000 after acquiring an additional 858,014 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in RH by 25.3% during the 4th quarter. TIAA CREF Investment Management LLC now owns 201,668 shares of the company’s stock worth $17,386,000 after acquiring an additional 40,783 shares during the last quarter. Bogle Investment Management L P DE purchased a new position in RH during the 4th quarter worth $14,569,000. Finally, Geode Capital Management LLC boosted its holdings in RH by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 160,591 shares of the company’s stock worth $13,844,000 after acquiring an additional 591 shares during the last quarter.

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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, tableware, and child and teen furnishings. It provides its products through its retail galleries and Source Books, as well as online through rh.com, rhmodern.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and waterworks.com Websites.

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