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

Shares of RH (NYSE:RH) have been assigned a consensus recommendation of “Hold” from the fifteen analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $326.14.

Several research analysts have issued reports on the company. Wells Fargo & Company boosted their price target on RH from $325.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. StockNews.com raised shares of RH to a “sell” rating in a report on Thursday, September 19th. Stifel Nicolaus lifted their price target on shares of RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Citigroup upped their price objective on RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Finally, Robert W. Baird lifted their target price on RH from $275.00 to $290.00 and gave the company a “neutral” rating in a research report on Friday, September 13th.

RH Stock Down 0.0 %

RH stock opened at $379.08 on Wednesday. The business has a 50 day moving average of $338.87 and a 200 day moving average of $290.72. The firm has a market cap of $6.99 billion, a PE ratio of 222.99, a price-to-earnings-growth ratio of 2.14 and a beta of 2.44. RH has a twelve month low of $212.43 and a twelve month high of $398.22.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The firm had revenue of $829.66 million for the quarter, compared to analysts’ expectations of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.93 earnings per share. On average, research analysts expect that RH will post 5.66 earnings per share for the current fiscal year.

Insider Buying and Selling at RH

In other news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the transaction, the director now directly owns 10,914 shares in the company, valued at approximately $3,714,034.20. This trade represents a 15.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 78 shares of the company’s stock, valued at $27,016.86. This trade represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock valued at $2,871,935 in the last three months. Company insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Hedge funds have recently modified their holdings of the company. Inspire Trust Co. N.A. lifted its holdings in shares of RH by 8.6% during the 3rd quarter. Inspire Trust Co. N.A. now owns 5,065 shares of the company’s stock valued at $1,694,000 after purchasing an additional 400 shares during the last quarter. Blankinship & Foster LLC purchased a new stake in RH in the third quarter valued at about $846,000. Sanctuary Advisors LLC boosted its holdings in RH by 55.6% in the third quarter. Sanctuary Advisors LLC now owns 3,755 shares of the company’s stock worth $1,382,000 after acquiring an additional 1,341 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of RH during the third quarter worth about $4,268,000. Finally, Invst LLC acquired a new position in shares of RH during the third quarter valued at about $752,000. 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.