RH (NYSE:RH) Receives Consensus Rating of “Hold” from Analysts

RH (NYSE:RH) has been assigned an average rating of “Hold” from the fifteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $326.14.

Several equities research analysts have recently issued reports on RH shares. Bank of America raised their price objective on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Barclays decreased their price objective on RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. JPMorgan Chase & Co. decreased their price objective on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Telsey Advisory Group restated a “market perform” rating and set a $290.00 price objective on shares of RH in a report on Tuesday, September 10th. Finally, Wedbush upgraded RH from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $310.00 to $430.00 in a report on Monday, October 21st.

Insider Buying and Selling at RH

In other RH news, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the transaction, the insider now directly owns 78 shares of the company’s stock, valued at $27,016.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Stefan Duban sold 4,285 shares of RH stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the sale, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the sale, the director now directly owns 10,914 shares in the company, valued at approximately $3,714,034.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,285 shares of company stock valued at $2,871,935 over the last three months. 28.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On RH

A number of hedge funds have recently bought and sold shares of RH. Daiwa Securities Group Inc. acquired a new position in RH in the first quarter worth about $179,000. Texas Permanent School Fund Corp boosted its stake in RH by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company’s stock valued at $4,659,000 after acquiring an additional 47 shares during the period. Quantbot Technologies LP acquired a new position in RH in the first quarter valued at approximately $354,000. Oppenheimer & Co. Inc. boosted its stake in RH by 35.7% in the first quarter. Oppenheimer & Co. Inc. now owns 3,711 shares of the company’s stock valued at $1,292,000 after acquiring an additional 976 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in RH by 20.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 1,418 shares of the company’s stock valued at $494,000 after acquiring an additional 243 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Stock Performance

Shares of NYSE:RH opened at $326.69 on Friday. The business’s fifty day moving average price is $320.58 and its two-hundred day moving average price is $282.30. The stock has a market cap of $6.02 billion, a PE ratio of 191.19, a price-to-earnings-growth ratio of 1.88 and a beta of 2.43. RH has a one year low of $212.43 and a one year high of $367.00.

RH (NYSE:RH) last announced its earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The firm had revenue of $829.66 million for the quarter, compared to analysts’ expectations of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. RH’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.93 EPS. As a group, equities research analysts predict that RH will post 5.67 earnings per share for the current fiscal year.

About RH

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, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.