RH (NYSE:RH) Receives Average Recommendation of “Hold” from Analysts

RH (NYSE:RH) has earned an average rating of “Hold” from the sixteen research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $283.94.

Several brokerages have weighed in on RH. Wedbush lowered their target price on shares of RH from $500.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, March 26th. Stifel Nicolaus lowered their price objective on shares of RH from $450.00 to $390.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Barclays cut their target price on RH from $515.00 to $436.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Citigroup restated a “neutral” rating and set a $200.00 price target (down from $437.00) on shares of RH in a research report on Thursday, April 3rd. Finally, Morgan Stanley cut their price objective on RH from $530.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd.

RH Stock Performance

RH opened at $164.81 on Tuesday. The business’s 50 day moving average price is $277.36 and its 200 day moving average price is $339.84. The stock has a market capitalization of $3.09 billion, a PE ratio of 47.36, a P/E/G ratio of 2.65 and a beta of 2.44. RH has a one year low of $123.03 and a one year high of $457.26.

RH (NYSE:RH) last announced its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.33). The business had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the company earned $0.72 EPS. As a group, equities research analysts forecast that RH will post 4.39 earnings per share for the current fiscal year.

Insider Activity at RH

In other news, CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the sale, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at approximately $216,444.80. This represents a 91.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eri Chaya sold 25,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The disclosure for this sale can be found here. Insiders sold a total of 55,880 shares of company stock valued at $24,550,754 over the last ninety days. Insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in RH in the 3rd quarter valued at $4,268,000. LPL Financial LLC raised its position in RH by 61.3% during the 4th quarter. LPL Financial LLC now owns 9,141 shares of the company’s stock worth $3,598,000 after buying an additional 3,473 shares during the last quarter. Invst LLC acquired a new stake in shares of RH in the 3rd quarter worth $752,000. Victory Capital Management Inc. boosted its holdings in shares of RH by 0.9% in the fourth quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock valued at $19,949,000 after acquiring an additional 445 shares in the last quarter. Finally, L.M. Kohn & Company acquired a new position in shares of RH during the fourth quarter worth about $289,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

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.