Press coverage about RH (NYSE:RH) has been trending somewhat positive on Monday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RH earned a news impact score of 0.13 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.3752713148345 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- BCH-Promoting Twitter Account @Bitcoin Suspended, Internet Debates ‘Death Of Free Speech’ (cointelegraph.com)
- Norway unions, employers agree wage deal, averting strike (feeds.reuters.com)
- RH: No Snow Day at Wichita State Saturday (goshockers.com)
- RH: Buck Finds Her Swing Close to Home (goshockers.com)
- Notable Friday Option Activity: PF, AET, RH (nasdaq.com)
A number of equities research analysts have weighed in on RH shares. Zacks Investment Research upgraded shares of RH from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Friday, March 16th. Loop Capital upgraded shares of RH from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Thursday, January 11th. UBS upgraded shares of RH from a “market perform” rating to an “outperform” rating in a report on Wednesday, March 14th. Wolfe Research upgraded shares of RH from a “peer perform” rating to an “outperform” rating and set a $119.00 price target on the stock in a report on Thursday, March 29th. Finally, Deutsche Bank cut their price target on shares of RH from $140.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, March 28th. Two equities research 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 presently has a consensus rating of “Hold” and an average price target of $87.05.
RH (NYSE:RH) last issued its quarterly earnings data on Tuesday, March 27th. The company reported $1.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.13. The company had revenue of $670.00 million for the quarter, compared to the consensus estimate of $672.39 million. RH had a net margin of 0.09% and a return on equity of 65.66%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 earnings per share. research analysts anticipate that RH will post 5.76 earnings per share for the current fiscal year.
In related news, Director Mark S. Demilio sold 11,100 shares of the stock in a transaction that occurred 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 transaction, the director now owns 9,766 shares in the company, valued at $932,262.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Karen Boone sold 25,000 shares of the stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $95.54, for a total transaction of $2,388,500.00. Following the transaction, the insider now owns 34,306 shares in the company, valued at approximately $3,277,595.24. The disclosure for this sale can be found here. 18.80% of the stock is owned by corporate insiders.
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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