RH (NYSE:RH) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of RH (NYSE:RH) have been given a consensus rating of “Moderate Buy” by the sixteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $421.73.

Several research analysts have commented on RH shares. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $435.00 to $530.00 in a research note on Monday, January 13th. Guggenheim raised their price objective on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Stifel Nicolaus upped their target price on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Loop Capital raised their price target on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Finally, BNP Paribas reaffirmed an “underperform” rating and issued a $253.00 price target on shares of RH in a report on Wednesday, November 13th.

RH Stock Down 0.0 %

NYSE RH opened at $423.11 on Thursday. The company’s 50 day moving average is $402.49 and its 200-day moving average is $335.34. The firm has a market cap of $7.87 billion, a P/E ratio of 121.58, a price-to-earnings-growth ratio of 10.14 and a beta of 2.43. RH has a 12-month low of $212.43 and a 12-month high of $457.26.

RH (NYSE:RH) last posted its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.19). The company had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.42) EPS. Equities analysts expect that RH will post 4.37 EPS for the current year.

Insider Activity

In other news, insider Eri Chaya sold 25,000 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $426.41, for a total transaction of $10,660,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith Belling sold 500 shares of RH stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00. Following the completion of the transaction, the director now directly owns 5,470 shares in the company, valued at approximately $2,270,050. The trade was a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,880 shares of company stock valued at $29,129,879. Corporate insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

Hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of RH in the third quarter worth about $4,268,000. Lisanti Capital Growth LLC bought a new stake in shares of RH in the 3rd quarter worth approximately $3,251,000. Invst LLC purchased a new position in shares of RH during the third quarter valued at approximately $752,000. Cerity Partners LLC raised its holdings in shares of RH by 139.7% during the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after acquiring an additional 1,506 shares in the last quarter. Finally, BlackBarn Capital Partners LP lifted its stake in RH by 156.8% in the second quarter. BlackBarn Capital Partners LP now owns 43,655 shares of the company’s stock worth $10,671,000 after acquiring an additional 26,655 shares during the period. Hedge funds and other institutional investors 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.