Brokerages Set RH (NYSE:RH) Price Target at $322.54

RH (NYSE:RH) has been given a consensus rating of “Hold” by the fifteen research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $331.77.

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of RH to a “sell” rating in a report on Thursday, September 19th. Robert W. Baird increased their target price on shares of RH from $275.00 to $290.00 and gave the company a “neutral” rating in a research report on Friday, September 13th. Morgan Stanley lifted their price target on shares of RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. JPMorgan Chase & Co. reduced their price target on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Finally, Loop Capital raised their price objective on RH from $230.00 to $320.00 and gave the stock a “hold” rating in a research report on Monday, September 16th.

RH Stock Down 2.2 %

Shares of RH stock opened at $346.80 on Tuesday. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 204.00, a PEG ratio of 2.02 and a beta of 2.43. RH has a 52-week low of $207.26 and a 52-week high of $367.00. The company’s 50 day moving average is $300.84 and its 200 day moving average is $274.27.

RH (NYSE:RH) last announced 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. The business had revenue of $829.66 million for 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 business’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $3.93 EPS. Analysts anticipate that RH will post 5.61 EPS for the current fiscal year.

Insider Buying and Selling

In other RH news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction that occurred on 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 directly owns 10,914 shares in the company, valued at approximately $3,714,034.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 78 shares of the company’s stock, valued at $27,016.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction that occurred on Wednesday, September 18th. The shares were 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 of the company’s stock, valued at approximately $3,714,034.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On RH

Hedge funds and other institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC increased its stake in shares of RH by 0.4% in the 1st quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock valued at $2,986,000 after purchasing an additional 38 shares in the last quarter. Insight Advisors LLC PA increased 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 buying an additional 39 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of RH by 1.7% during the 2nd quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock worth $572,000 after buying an additional 40 shares during the period. Texas Permanent School Fund Corp lifted its position in shares of RH by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company’s stock valued at $4,659,000 after buying an additional 47 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in RH by 4.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock valued at $296,000 after acquiring an additional 47 shares during the period. Institutional investors and hedge funds 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.