RH (NYSE:RH) Receives Consensus Rating of “Hold” from Brokerages

Shares of RH (NYSE:RH) have earned a consensus rating of “Hold” from the twenty-one research firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $238.8125.

Several research analysts have recently issued reports on RH shares. William Blair lowered RH from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 2nd. Barclays decreased their price objective on RH from $436.00 to $385.00 and set an “overweight” rating for the company in a report on Friday, September 12th. Cowen restated a “buy” rating on shares of RH in a report on Friday, September 12th. Guggenheim reiterated a “buy” rating and issued a $300.00 price target on shares of RH in a research note on Friday, September 12th. Finally, Bank of America lowered their price target on shares of RH from $200.00 to $170.00 and set an “underperform” rating for the company in a research report on Friday.

RH Trading Up 5.6%

NYSE:RH opened at $161.94 on Friday. The company has a 50-day moving average price of $167.44 and a 200-day moving average price of $194.04. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 29.23, a P/E/G ratio of 0.77 and a beta of 2.09. RH has a 12 month low of $123.03 and a 12 month high of $457.26.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, December 11th. The company reported $1.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.42). RH had a negative return on equity of 120.00% and a net margin of 3.22%.The company had revenue of $883.81 million during the quarter, compared to the consensus estimate of $883.65 million. During the same period in the previous year, the company earned $2.48 earnings per share. RH’s quarterly revenue was up 8.9% on a year-over-year basis. Equities analysts forecast that RH will post 4.39 EPS for the current fiscal year.

Insider Activity

In other news, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $236.13, for a total value of $472,260.00. Following the sale, the director directly owned 24,616 shares of the company’s stock, valued at $5,812,576.08. The trade was a 7.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 27.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RH. Vanguard Group Inc. grew its stake in shares of RH by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,409,962 shares of the company’s stock worth $330,509,000 after acquiring an additional 7,952 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in RH by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 190,843 shares of the company’s stock worth $44,736,000 after purchasing an additional 3,144 shares in the last quarter. Deutsche Bank AG boosted its stake in RH by 2.2% in the 1st quarter. Deutsche Bank AG now owns 9,674 shares of the company’s stock worth $2,268,000 after purchasing an additional 210 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in RH during the 1st quarter valued at about $1,532,000. Finally, Invesco Ltd. increased its stake in RH by 38.2% during the 1st quarter. Invesco Ltd. now owns 248,449 shares of the company’s stock valued at $58,239,000 after purchasing an additional 68,629 shares in the last quarter. 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.