RH (RH) Raised to “Outperform” at Raymond James Financial

Raymond James Financial upgraded shares of RH (NYSE:RH) from a market perform rating to an outperform rating in a report issued on Wednesday, March 14th, Marketbeat Ratings reports. The brokerage currently has $95.00 target price on the stock. The analysts noted that the move was a valuation call.

RH has been the topic of a number of other research reports. Deutsche Bank raised their price objective on RH from $100.00 to $100.00 and gave the stock a buy rating in a research note on Tuesday, November 14th. Citigroup raised their price objective on RH from $1.37 to $135.00 and gave the stock a buy rating in a research note on Wednesday, December 6th. Zacks Investment Research lowered RH from a buy rating to a hold rating in a research note on Wednesday, November 15th. Cowen reiterated a hold rating and issued a $115.00 price target on shares of RH in a research note on Wednesday, November 22nd. Finally, Bank of America lifted their price target on 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 assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $87.05.

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Shares of RH traded down $2.30 during mid-day trading on Wednesday, reaching $88.89. The company’s stock had a trading volume of 1,495,116 shares, compared to its average volume of 1,280,183. The stock has a market cap of $1,894.25, a price-to-earnings ratio of 29.14, a PEG ratio of 0.70 and a beta of 1.73. The company has a quick ratio of 0.23, a current ratio of 1.24 and a debt-to-equity ratio of -148.64. RH has a 1-year low of $41.52 and a 1-year high of $109.53.

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

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

Several large investors have recently made changes to their positions in RH. BlackRock Inc. increased its position in RH by 1.7% in the 4th quarter. BlackRock Inc. now owns 2,420,683 shares of the company’s stock valued at $208,686,000 after buying an additional 40,415 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in RH by 133.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,500,067 shares of the company’s stock valued at $129,321,000 after buying an additional 858,014 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in RH by 25.3% in the 4th quarter. TIAA CREF Investment Management LLC now owns 201,668 shares of the company’s stock valued at $17,386,000 after buying an additional 40,783 shares in the last quarter. Bogle Investment Management L P DE bought a new stake in RH in the 4th quarter valued at about $14,569,000. Finally, Geode Capital Management LLC increased its position in RH by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 160,591 shares of the company’s stock valued at $13,844,000 after buying an additional 591 shares in 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.

Analyst Recommendations for RH (NYSE:RH)

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