RH (NYSE:RH) Receives Average Recommendation of “Hold” from Brokerages

RH (NYSE:RH) has earned a consensus rating of “Hold” from the fifteen research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $322.54.

RH has been the subject of several research reports. Morgan Stanley boosted their price target on shares of RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Citigroup upped their target price on shares of RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Telsey Advisory Group reiterated a “market perform” rating and set a $290.00 price target on shares of RH in a report on Tuesday, September 10th. Robert W. Baird raised their price objective on shares of RH from $275.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Finally, The Goldman Sachs Group lowered their target price on shares of RH from $264.00 to $226.00 and set a “sell” rating for the company in a research note on Monday, June 17th.

RH Stock Down 0.3 %

Shares of RH stock opened at $344.59 on Friday. The firm has a market cap of $6.36 billion, a PE ratio of 95.45, a price-to-earnings-growth ratio of 1.70 and a beta of 2.42. RH has a 52 week low of $207.26 and a 52 week high of $354.86. The business’s fifty day simple moving average is $274.42 and its 200-day simple moving average is $269.61.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. During the same period in the previous year, the firm earned $3.93 EPS. The business’s revenue was up 3.6% on a year-over-year basis. As a group, equities analysts expect that RH will post 6.2 earnings per share for the current year.

Insider Buying and Selling at RH

In related news, insider Stefan Duban sold 4,285 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the sale, the insider now directly owns 78 shares of the company’s stock, valued at $27,016.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Stefan Duban sold 4,285 shares of the 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 completion of the transaction, the insider now directly owns 78 shares of the company’s stock, valued at $27,016.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the sale, the director now owns 10,914 shares of the company’s stock, valued at approximately $3,714,034.20. The disclosure for this sale can be found here. 28.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Creekmur Asset Management LLC purchased a new position in RH in the fourth quarter valued at about $25,000. Quest Partners LLC purchased a new stake in shares of RH during the 4th quarter worth approximately $37,000. Hollencrest Capital Management acquired a new stake in shares of RH in the 1st quarter worth approximately $47,000. Ridgewood Investments LLC purchased a new position in RH in the 2nd quarter valued at approximately $62,000. Finally, Tradition Wealth Management LLC raised its holdings in RH by 14.8% during the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other 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.