RH (NYSE:RH) Stock Has Average Target Price of $163.79

Shares of RH (NYSE:RH) have been assigned an average rating of “Hold” from the nineteen brokerages that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $163.00.

Several brokerages have recently weighed in on RH. Morgan Stanley lowered their price target on shares of RH from $240.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, September 11th. Guggenheim reissued a “buy” rating and set a $200.00 price objective on shares of RH in a report on Friday, September 11th. BNP Paribas Exane reissued an “underperform” rating and set a $81.00 price objective (down from $90.00) on shares of RH in a report on Friday, September 11th. Wells Fargo & Company reduced their price objective on shares of RH from $225.00 to $175.00 and set an “overweight” rating for the company in a research note on Friday, September 11th. Finally, UBS Group set a $190.00 target price on RH in a report on Friday, September 11th.

Insider Activity

In other news, Director Mark Demilio sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $132.00, for a total value of $132,000.00. Following the completion of the transaction, the director directly owned 25,680 shares of the company’s stock, valued at approximately $3,389,760. The trade was a 3.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 26.90% of the company’s stock.

Institutional Investors Weigh In On RH

A number of institutional investors have recently added to or reduced their stakes in RH. Belpointe Asset Management LLC increased its position in shares of RH by 3.5% during the second quarter. Belpointe Asset Management LLC now owns 2,217 shares of the company’s stock worth $365,000 after purchasing an additional 75 shares in the last quarter. D.B. Root & Company LLC boosted its position in shares of RH by 0.9% in the 2nd quarter. D.B. Root & Company LLC now owns 8,413 shares of the company’s stock worth $1,386,000 after purchasing an additional 78 shares in the last quarter. 180 Wealth Advisors LLC boosted its position in shares of RH by 5.3% in the 3rd quarter. 180 Wealth Advisors LLC now owns 1,743 shares of the company’s stock worth $212,000 after purchasing an additional 88 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of RH by 24.7% in the 3rd quarter. Parallel Advisors LLC now owns 460 shares of the company’s stock worth $56,000 after purchasing an additional 91 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake in RH by 2.8% during the 1st quarter. State of Michigan Retirement System now owns 3,715 shares of the company’s stock worth $519,000 after buying an additional 100 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

RH Stock Performance

RH stock opened at $131.17 on Wednesday. RH has a 1-year low of $106.30 and a 1-year high of $239.40. The business has a 50-day moving average price of $130.34 and a 200 day moving average price of $152.07. The company has a market capitalization of $2.48 billion, a P/E ratio of 23.34, a PEG ratio of 2.52 and a beta of 1.92. The company has a debt-to-equity ratio of 26.57, a current ratio of 1.12 and a quick ratio of 0.37.

RH (NYSE:RH) last issued its earnings results on Thursday, September 10th. The company reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $2.32. The company had revenue of $922.15 million for the quarter, compared to analysts’ expectations of $915.09 million. RH had a net margin of 3.23% and a return on equity of 132.79%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.93 EPS. As a group, equities research analysts forecast that RH will post 5.19 EPS for the current fiscal year.

Key RH News

Here are the key news stories impacting RH this week:

• Negative Sentiment: RH declined more than the market, indicating relative weakness among investors. RH declines more than market

About RH

RH, formerly known as Restoration Hardware, is a luxury home-furnishings company that curates and sells products for residential and hospitality interiors. Its offerings include furniture, lighting, textiles, rugs, bath and plumbing fixtures, outdoor furnishings, décor, and related design products.

The company markets its products through a multichannel platform that includes RH Galleries, smaller design galleries, outlet locations, catalogs, and its digital channels. RH also operates businesses such as Waterworks, which specializes in luxury kitchen and bath products, and provides interior-design services through its design professionals.