RH (NYSE:RH) Given Average Recommendation of “Hold” by Analysts

Shares of RH (NYSE:RH) have been assigned a consensus rating of “Hold” from the sixteen analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $332.73.

RH has been the subject of several research analyst reports. Loop Capital boosted their target price on shares of RH from $230.00 to $320.00 and gave the company a “hold” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. cut their price objective on shares of RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Guggenheim reaffirmed a “buy” rating and issued a $425.00 target price on shares of RH in a research report on Wednesday, December 4th. StockNews.com upgraded RH to a “sell” rating in a report on Thursday, September 19th. Finally, Robert W. Baird upped their target price on RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, September 13th.

RH Stock Performance

Shares of NYSE:RH opened at $376.10 on Wednesday. RH has a 52 week low of $212.43 and a 52 week high of $398.22. The firm has a market cap of $6.94 billion, a PE ratio of 221.24, a price-to-earnings-growth ratio of 2.15 and a beta of 2.44. The firm’s fifty day moving average is $341.02 and its 200-day moving average is $292.94.

RH (NYSE:RH) last released its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. During the same quarter in the prior year, the firm posted $3.93 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. Sell-side analysts forecast that RH will post 5.63 EPS for the current year.

Insiders Place Their Bets

In other news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the completion of the transaction, the director now directly owns 10,914 shares in the company, valued at approximately $3,714,034.20. The trade was a 15.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the completion of the transaction, the insider now owns 78 shares of the company’s stock, valued at approximately $27,016.86. This represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,285 shares of company stock worth $2,871,935 over the last quarter. 28.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RH

Institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its holdings in shares of RH by 4.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock worth $250,000 after acquiring an additional 35 shares during the last quarter. Pacer Advisors Inc. lifted its stake in RH by 1.7% during the second quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock worth $572,000 after purchasing an additional 40 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of RH by 4.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock worth $296,000 after purchasing an additional 47 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of RH by 3.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company’s stock valued at $579,000 after purchasing an additional 60 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after buying an additional 74 shares in the last quarter. 90.17% of the stock is currently owned by 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.