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

RH (NYSE:RH) has received an average rating of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $322.54.

A number of brokerages have issued reports on RH. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $290.00 target price on shares of RH in a report on Tuesday, September 10th. Morgan Stanley raised their target price on RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Loop Capital raised their target price on RH from $230.00 to $320.00 and gave the stock a “hold” rating in a research note on Monday, September 16th. Barclays decreased their target price on RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Finally, The Goldman Sachs Group decreased their target price on RH from $264.00 to $226.00 and set a “sell” rating for the company in a research note on Monday, June 17th.

RH Price Performance

Shares of NYSE RH opened at $331.03 on Tuesday. The stock’s fifty day moving average price is $291.20 and its two-hundred day moving average price is $273.13. RH has a one year low of $207.26 and a one year high of $354.86. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 91.70, a P/E/G ratio of 1.80 and a beta of 2.43.

RH (NYSE:RH) last released its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The firm had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.93 EPS. On average, equities analysts anticipate that RH will post 5.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the transaction, the director now owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the transaction, the director now owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the completion of the transaction, the insider now owns 78 shares in the company, valued at $27,016.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC increased its position in RH by 0.4% in the first quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock worth $2,986,000 after buying an additional 38 shares during the last quarter. Insight Advisors LLC PA grew its position in shares of RH by 2.8% in the first quarter. Insight Advisors LLC PA now owns 1,447 shares of the company’s stock valued at $504,000 after purchasing an additional 39 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of RH by 1.7% in the second quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock valued at $572,000 after purchasing an additional 40 shares in the last quarter. Texas Permanent School Fund Corp grew its position in shares of 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 purchasing an additional 47 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of RH by 4.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock valued at $296,000 after purchasing an additional 47 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.

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.