Brokerages Set RH (NYSE:RH) PT at $326.14

Shares of RH (NYSE:RH) have earned a consensus rating of “Hold” from the sixteen ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $332.73.

RH has been the topic of several recent research reports. Robert W. Baird raised their target price on shares of RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. Morgan Stanley lifted their price objective on shares of RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Guggenheim reissued a “buy” rating and issued a $425.00 price objective on shares of RH in a research note on Wednesday. Telsey Advisory Group reissued a “market perform” rating and issued a $290.00 price objective on shares of RH in a research note on Tuesday, September 10th. Finally, Barclays decreased their price objective on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th.

RH Stock Up 1.5 %

Shares of RH stock opened at $376.10 on Wednesday. The firm has a 50 day moving average price of $341.02 and a two-hundred day moving average price of $292.54. The company has a market capitalization of $6.94 billion, a PE ratio of 221.24, a price-to-earnings-growth ratio of 2.15 and a beta of 2.44. RH has a 12-month low of $212.43 and a 12-month high of $398.22.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 1.13% and a negative return on equity of 11.29%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $3.93 earnings per share. As a group, research analysts expect that RH will post 5.63 EPS for the current year.

Insider Activity at RH

In other news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the transaction, the insider now owns 78 shares in the company, valued at approximately $27,016.86. This represents a 98.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward T. Lee sold 2,000 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,285 shares of company stock worth $2,871,935 over the last quarter. Company insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. increased its position in shares of RH by 308.3% during the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after acquiring an additional 74 shares in the last quarter. Ridgewood Investments LLC bought a new stake in shares of RH during the second quarter worth about $62,000. Centaurus Financial Inc. bought a new stake in shares of RH during the third quarter worth about $100,000. Ameliora Wealth Management Ltd. bought a new stake in shares of RH during the third quarter worth about $110,000. Finally, Quarry LP bought a new stake in shares of RH during the third quarter worth about $141,000. 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.