Oppenheimer Reaffirms "Market Perform" Rating for RH (NYSE:RH)

RH (NYSE:RH - Get Free Report)'s stock had its "market perform" rating reissued by stock analysts at Oppenheimer in a report released on Monday, Benzinga reports.

Several other brokerages have also recently issued reports on RH. Wedbush raised their target price on shares of RH from $275.00 to $320.00 and gave the stock a "neutral" rating in a report on Thursday. StockNews.com cut shares of RH from a "hold" rating to a "sell" rating in a report on Wednesday, December 13th. Bank of America reduced their target price on shares of RH from $345.00 to $309.00 and set a "buy" rating for the company in a report on Friday, December 8th. JPMorgan Chase & Co. raised their target price on shares of RH from $329.00 to $345.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, TD Cowen cut their price objective on shares of RH from $350.00 to $325.00 and set an "outperform" rating for the company in a report on Friday, December 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, RH presently has an average rating of "Hold" and an average target price of $332.15.

RH Trading Down 3.9 %

Shares of NYSE RH traded down $13.53 during midday trading on Monday, reaching $334.73. The company had a trading volume of 1,522,324 shares, compared to its average volume of 631,140. The business's 50-day simple moving average is $276.64 and its 200 day simple moving average is $268.58. The stock has a market cap of $6.16 billion, a P/E ratio of 60.10, a P/E/G ratio of 3.51 and a beta of 2.46. RH has a 1 year low of $207.26 and a 1 year high of $406.38.

RH (NYSE:RH - Get Free Report) last issued its earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.99). RH had a return on equity of 199.51% and a net margin of 4.21%. The business had revenue of $738.26 million for the quarter, compared to analysts' expectations of $777.50 million. During the same period last year, the business earned $2.88 EPS. The company's revenue for the quarter was down 4.4% on a year-over-year basis. Analysts predict that RH will post 11.8 earnings per share for the current year.

Insider Activity

In other news, insider Edward T. Lee sold 2,624 shares of RH stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $264.50, for a total value of $694,048.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 23.90% of the company's stock.

Hedge Funds Weigh In On RH

Institutional investors and hedge funds have recently bought and sold shares of the business. Creekmur Asset Management LLC acquired a new position in RH during the fourth quarter worth about $25,000. KB Financial Partners LLC boosted its position in RH by 61.6% during the first quarter. KB Financial Partners LLC now owns 118 shares of the company's stock worth $38,000 after acquiring an additional 45 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in RH during the fourth quarter worth about $35,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in RH during the third quarter worth about $30,000. Finally, Quest Partners LLC purchased a new position in RH during the fourth quarter worth about $37,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings and operates under RH Galleries and RH brand names in the District of Columbia and Canada, as well as Waterworks showrooms throughout the United States and the United Kingdom. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings.