RH (NYSE:RH) Given Consensus Rating of “Hold” by Brokerages

Shares of RH (NYSE:RH) have earned an average rating of “Hold” from the fourteen research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $332.15.

Several equities research analysts have issued reports on RH shares. Oppenheimer reissued a “market perform” rating on shares of RH in a research report on Monday, April 1st. Wells Fargo & Company boosted their price objective on shares of RH from $350.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. The Goldman Sachs Group boosted their price objective on shares of RH from $201.00 to $264.00 and gave the company a “sell” rating in a research report on Monday, April 1st. Robert W. Baird boosted their price objective on shares of RH from $280.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Finally, Barclays boosted their price objective on shares of RH from $293.00 to $340.00 and gave the company an “equal weight” rating in a research report on Monday, April 1st.

Insider Activity at RH

In related news, Director Mark S. Demilio sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total transaction of $288,990.00. Following the completion of the sale, the director now owns 11,991 shares of the company’s stock, valued at $3,465,279.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other RH news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the transaction, the director now owns 12,991 shares in the company, valued at approximately $4,004,086.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark S. Demilio sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total transaction of $288,990.00. Following the transaction, the director now owns 11,991 shares in the company, valued at approximately $3,465,279.09. The disclosure for this sale can be found here. 23.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Creekmur Asset Management LLC acquired a new stake in shares of RH in the fourth quarter worth $25,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of RH in the fourth quarter worth $35,000. Quest Partners LLC acquired a new stake in shares of RH in the fourth quarter worth $37,000. Global Retirement Partners LLC increased its stake in shares of RH by 120.3% in the fourth quarter. Global Retirement Partners LLC now owns 141 shares of the company’s stock worth $41,000 after acquiring an additional 77 shares during the period. Finally, Core Wealth Advisors Inc. acquired a new stake in shares of RH in the third quarter worth $51,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Trading Up 1.9 %

Shares of NYSE:RH opened at $244.96 on Tuesday. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 43.98, a PEG ratio of 2.65 and a beta of 2.46. RH has a 12 month low of $207.26 and a 12 month high of $406.38. The firm’s 50-day moving average is $277.61 and its 200 day moving average is $267.11.

RH (NYSE:RH) last issued its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.99). The firm had revenue of $738.26 million for the quarter, compared to the consensus estimate of $777.50 million. RH had a net margin of 4.21% and a negative return on equity of 777.61%. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.88 earnings per share. As a group, equities analysts forecast that RH will post 9.08 EPS for the current fiscal year.

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.