RH (NYSE:RH) Receives $421.73 Average Price Target from Analysts

Shares of RH (NYSE:RH) have been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $421.73.

Several research analysts have recently commented on RH shares. Loop Capital boosted their target price on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Barclays raised RH from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $383.00 to $515.00 in a report on Wednesday, January 8th. BNP Paribas reissued an “underperform” rating and issued a $253.00 target price on shares of RH in a report on Wednesday, November 13th. Telsey Advisory Group raised RH from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $485.00 to $500.00 in a report on Thursday, December 19th. Finally, Wells Fargo & Company upped their price objective on RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, December 13th.

RH Trading Down 3.9 %

NYSE RH opened at $417.62 on Thursday. The stock’s 50 day moving average is $398.66 and its two-hundred day moving average is $332.66. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 120.01, a PEG ratio of 10.14 and a beta of 2.43. RH has a 1-year low of $212.43 and a 1-year high of $457.26.

RH (NYSE:RH) last released 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). The company had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.42) earnings per share. On average, analysts predict that RH will post 4.37 earnings per share for the current year.

Insider Buying and Selling at RH

In related news, Director Keith Belling sold 500 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the sale, the director now owns 5,470 shares in the company, valued at $2,270,050. This represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Eri Chaya sold 10,000 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,880 shares of company stock worth $29,129,879. Insiders own 28.10% of the company’s stock.

Institutional Trading of RH

A number of large investors have recently made changes to their positions in RH. Two Sigma Advisers LP boosted its stake in shares of RH by 141.5% during the 3rd quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock worth $53,375,000 after buying an additional 93,500 shares during the last quarter. Artemis Investment Management LLP acquired a new stake in RH in the 4th quarter valued at about $31,384,000. Marshall Wace LLP raised its holdings in RH by 58.6% in the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock valued at $42,612,000 after acquiring an additional 64,423 shares during the period. Dimensional Fund Advisors LP raised its holdings in RH by 18.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after acquiring an additional 41,242 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in RH by 26.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after acquiring an additional 38,572 shares during the period. Institutional investors own 90.17% of the company’s stock.

RH Company Profile

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.