RH (NYSE:RH) Given Average Rating of “Buy” by Brokerages

RH (NYSE:RHGet Rating) has received an average recommendation of “Buy” from the twenty ratings firms that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $578.18.

A number of equities analysts have commented on RH shares. Bank of America cut their price target on shares of RH from $700.00 to $650.00 and set a “buy” rating for the company in a research note on Wednesday, March 30th. Morgan Stanley assumed coverage on shares of RH in a research report on Monday, May 16th. They set an “equal weight” rating and a $400.00 price target for the company. UBS Group dropped their price target on shares of RH from $550.00 to $470.00 and set a “neutral” rating for the company in a research report on Wednesday, March 30th. Gordon Haskett cut shares of RH from an “accumulate” rating to a “hold” rating in a research report on Friday, May 6th. Finally, The Goldman Sachs Group dropped their target price on shares of RH from $539.00 to $466.00 and set a “neutral” rating for the company in a research report on Thursday, March 31st.

In other RH news, Director Hilary K. Krane sold 138 shares of the stock in a transaction on Thursday, March 31st. The stock was sold at an average price of $328.93, for a total value of $45,392.34. Following the completion of the sale, the director now owns 7,116 shares in the company, valued at approximately $2,340,665.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Edward T. Lee sold 2,200 shares of the stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $300.00, for a total value of $660,000.00. Following the completion of the sale, the insider now owns 2,624 shares of the company’s stock, valued at approximately $787,200. The disclosure for this sale can be found here. Insiders have sold a total of 449,608 shares of company stock worth $144,996,637 over the last three months. Insiders own 33.00% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Dark Forest Capital Management LP purchased a new position in shares of RH during the third quarter valued at about $47,000. Ellevest Inc. lifted its holdings in shares of RH by 150.0% in the 4th quarter. Ellevest Inc. now owns 70 shares of the company’s stock valued at $38,000 after acquiring an additional 42 shares during the last quarter. KB Financial Partners LLC bought a new position in shares of RH in the 4th quarter valued at about $39,000. Ten Capital Wealth Advisors LLC bought a new position in shares of RH in the 3rd quarter valued at about $53,000. Finally, CWM LLC bought a new position in shares of RH in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 96.27% of the company’s stock.

Shares of RH opened at $256.42 on Tuesday. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 0.92 and a beta of 2.19. The company has a debt-to-equity ratio of 2.36, a quick ratio of 2.22 and a current ratio of 2.91. RH has a 52 week low of $255.25 and a 52 week high of $744.56. The stock has a fifty day moving average of $329.88 and a 200-day moving average of $431.40.

RH (NYSE:RHGet Rating) last released its quarterly earnings results on Tuesday, March 29th. The company reported $5.66 EPS for the quarter, beating analysts’ consensus estimates of $5.59 by $0.07. RH had a return on equity of 85.67% and a net margin of 18.32%. The business had revenue of $902.74 million during the quarter, compared to analyst estimates of $931.50 million. During the same period in the prior year, the firm posted $5.07 EPS. RH’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts forecast that RH will post 26.48 EPS for the current year.

RH Company Profile (Get Rating)

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

Further Reading

Analyst Recommendations for RH (NYSE:RH)

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