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

Shares of RH (NYSE:RH) have received an average rating of “Hold” from the sixteen brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $402.40.

A number of analysts recently weighed in on the stock. TD Cowen upped their target price on shares of RH from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Wells Fargo & Company raised their price target on RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Loop Capital boosted their target price on RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Morgan Stanley increased their price target on RH from $310.00 to $435.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Finally, Citigroup raised their price target on RH from $340.00 to $355.00 and gave the company a “buy” rating in a report on Friday, September 13th.

RH Stock Performance

RH opened at $398.07 on Friday. The stock has a market capitalization of $7.41 billion, a PE ratio of 114.39, a P/E/G ratio of 2.73 and a beta of 2.44. RH has a one year low of $212.43 and a one year high of $457.26. The business’s 50 day moving average price is $362.13 and its 200 day moving average price is $307.21.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 32.76%. The firm had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. During the same period in the previous year, the firm posted ($0.42) earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts forecast that RH will post 5.63 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction on Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Keith Belling sold 500 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total value of $207,500.00. Following the sale, the director now owns 5,470 shares of the company’s stock, valued at $2,270,050. This represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

Several hedge funds and other institutional investors have recently made changes to their positions in RH. Inspire Trust Co. N.A. boosted its position in RH by 8.6% in the 3rd quarter. Inspire Trust Co. N.A. now owns 5,065 shares of the company’s stock valued at $1,694,000 after buying an additional 400 shares during the last quarter. Blankinship & Foster LLC purchased a new position in shares of RH during the 3rd quarter valued at approximately $846,000. Sanctuary Advisors LLC boosted its stake in shares of RH by 55.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,755 shares of the company’s stock valued at $1,382,000 after buying an additional 1,341 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of RH during the third quarter worth approximately $4,268,000. Finally, Invst LLC bought a new stake in shares of RH in the third quarter worth $752,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

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.