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

RH (NYSE:RH) has earned an average recommendation of “Hold” from the sixteen research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $402.40.

A number of equities analysts recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Wedbush reiterated an “outperform” rating and set a $500.00 price target (up previously from $430.00) on shares of RH in a research note on Friday, December 13th. Loop Capital boosted their price target on RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Bank of America lifted their price objective on RH from $310.00 to $359.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, Morgan Stanley increased their target price on shares of RH from $310.00 to $435.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th.

Insider Buying and Selling at RH

In related news, Director Keith Belling sold 500 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the transaction, the director now owns 5,470 shares of the company’s stock, valued at $2,270,050. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Edward T. Lee sold 2,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. Company insiders own 28.10% of the company’s stock.

Institutional Trading of RH

A number of institutional investors have recently modified their holdings of the company. Raymond James & Associates increased its position in shares of RH by 28.1% in the 2nd quarter. Raymond James & Associates now owns 12,864 shares of the company’s stock valued at $3,144,000 after acquiring an additional 2,820 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in RH by 7.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,833 shares of the company’s stock valued at $2,404,000 after acquiring an additional 672 shares during the period. Commonwealth Equity Services LLC lifted its stake in RH by 187.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,438 shares of the company’s stock valued at $596,000 after buying an additional 1,591 shares in the last quarter. Ingalls & Snyder LLC lifted its position in shares of RH by 7.5% in the second quarter. Ingalls & Snyder LLC now owns 4,835 shares of the company’s stock valued at $1,182,000 after acquiring an additional 338 shares in the last quarter. Finally, Game Plan Financial Advisors LLC boosted its stake in RH by 72.2% during the 2nd quarter. Game Plan Financial Advisors LLC now owns 7,609 shares of the company’s stock worth $1,860,000 after purchasing an additional 3,190 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors.

RH Stock Performance

Shares of RH stock opened at $398.07 on Friday. The company’s 50 day moving average price is $362.13 and its 200-day moving average price is $307.21. RH has a 52-week low of $212.43 and a 52-week high of $457.26. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 114.39, a P/E/G ratio of 2.73 and a beta of 2.44.

RH (NYSE:RH) last posted its earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a negative return on equity of 32.76% and a net margin of 2.25%. The company had revenue of $811.73 million during the quarter, compared to analysts’ expectations of $812.19 million. During the same period in the prior year, the business posted ($0.42) earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities research analysts forecast that RH will post 5.63 earnings per share for the current fiscal year.

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.