Analysts Set RH (NYSE:RH) Price Target at $331.77

Shares of RH (NYSE:RH) have received a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $331.77.

A number of brokerages have recently issued reports on RH. Stifel Nicolaus upped their price objective on shares of RH from $315.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 16th. StockNews.com raised shares of RH to a “sell” rating in a research note on Thursday, September 19th. Morgan Stanley increased their price target on shares of RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. dropped their price target on shares of RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Finally, Wedbush raised shares of RH from a “neutral” rating to an “outperform” rating and increased their price target for the company from $310.00 to $430.00 in a research report on Monday, October 21st.

RH Stock Down 1.0 %

NYSE RH opened at $329.76 on Friday. The company’s 50 day moving average is $317.43 and its 200-day moving average is $281.10. RH has a 12-month low of $212.43 and a 12-month high of $367.00. The firm has a market cap of $6.08 billion, a P/E ratio of 197.95, a price-to-earnings-growth ratio of 1.88 and a beta of 2.43.

RH (NYSE:RH) last posted its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. The business had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. RH’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.93 EPS. Equities analysts expect that RH will post 5.67 EPS for the current year.

Insider Buying and Selling

In related news, insider Edward T. Lee sold 2,000 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other RH news, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of RH 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 transaction, the insider now directly owns 78 shares of the company’s stock, valued at $27,016.86. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,285 shares of company stock worth $2,871,935. Insiders own 28.10% of the company’s stock.

Institutional Trading of RH

A number of hedge funds have recently added to or reduced their stakes in the business. Landscape Capital Management L.L.C. purchased a new stake in RH in the third quarter worth about $201,000. Quest Partners LLC raised its holdings in RH by 57.5% in the third quarter. Quest Partners LLC now owns 898 shares of the company’s stock worth $300,000 after purchasing an additional 328 shares in the last quarter. KBC Group NV raised its holdings in RH by 25.8% in the third quarter. KBC Group NV now owns 454 shares of the company’s stock worth $152,000 after purchasing an additional 93 shares in the last quarter. Parametrica Management Ltd bought a new position in RH in the third quarter worth about $216,000. Finally, Aigen Investment Management LP bought a new position in RH in the third quarter worth about $1,039,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

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.