Zacks Investment Research lowered shares of RH (NYSE:RH) from a buy rating to a hold rating in a research note published on Wednesday, March 14th.
According to Zacks, “RH’s shares have gained over 100% in the past one year, compared to the its industry’s 3.1% growth. 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.”
Other equities analysts also recently issued reports about the company. Citigroup upgraded RH from a neutral rating to a buy rating in a report on Thursday, November 16th. Stifel Nicolaus reduced their price target on RH from $100.00 to $75.00 and set a hold rating for the company in a report on Wednesday, December 6th. Buckingham Research restated a buy rating on shares of RH in a report on Wednesday, November 15th. Telsey Advisory Group restated a market perform rating on shares of RH in a report on Thursday, November 16th. Finally, Moffett Nathanson assumed coverage on RH in a report on Monday, December 4th. They set a neutral rating for the company. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. RH presently has an average rating of Hold and an average target price of $87.05.
RH stock traded down $2.30 on Wednesday, hitting $88.89. 1,495,116 shares of the stock traded hands, compared to its average volume of 1,280,183. The company has a current ratio of 1.24, a quick ratio of 0.23 and a debt-to-equity ratio of -148.64. The firm has a market capitalization of $1,894.25, a P/E ratio of 29.14, a P/E/G ratio of 0.70 and a beta of 1.73. RH has a 1 year low of $41.52 and a 1 year high of $109.53.
RH (NYSE:RH) last announced its quarterly earnings data on Tuesday, March 27th. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.56 by $0.13. The business had revenue of $670.00 million during 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 company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. analysts predict 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 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 completion of the sale, the insider now directly owns 34,306 shares in the company, valued at approximately $3,277,595.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark S. Demilio sold 11,100 shares of RH stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $95.46, for a total value of $1,059,606.00. Following the completion of the sale, the director now owns 9,766 shares of the company’s stock, valued at $932,262.36. The disclosure for this sale can be found here. 18.80% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in RH. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of RH during the 3rd quarter valued at about $274,000. APG Asset Management N.V. bought a new stake in shares of RH during the 4th quarter valued at about $948,000. Private Advisory Group LLC bought a new stake in shares of RH during the 4th quarter valued at about $582,000. Wealth Architects LLC bought a new stake in shares of RH during the 4th quarter valued at about $241,000. Finally, Engineers Gate Manager LP grew its stake in shares of RH by 51.2% during the 4th quarter. Engineers Gate Manager LP now owns 63,541 shares of the company’s stock valued at $5,478,000 after purchasing an additional 21,517 shares during the period.
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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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