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

RH (NYSE:RH) has earned an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $421.73.

RH has been the topic of a number of recent analyst reports. Wedbush reissued an “outperform” rating and set a $500.00 price target on shares of RH in a research report on Monday, January 6th. BNP Paribas reiterated an “underperform” rating and issued a $253.00 price objective on shares of RH in a research note on Wednesday, November 13th. Stifel Nicolaus boosted their target price on RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $435.00 to $530.00 in a research report on Monday, January 13th. Finally, Wells Fargo & Company lifted their target price on RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th.

Insider Transactions at RH

In other news, insider Eri Chaya sold 25,000 shares of RH stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total value of $11,261,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Christina Hargarten sold 5,280 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the transaction, the chief accounting officer now owns 484 shares in the company, valued at approximately $216,444.80. This trade represents a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,880 shares of company stock valued at $29,129,879 in the last quarter. 28.10% of the stock is owned by insiders.

Institutional Investors Weigh In On RH

Hedge funds have recently modified their holdings of the business. KBC Group NV grew its stake in shares of RH by 47.4% during the 4th quarter. KBC Group NV now owns 669 shares of the company’s stock valued at $263,000 after acquiring an additional 215 shares during the period. Janney Montgomery Scott LLC lifted its holdings in RH by 4.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,356 shares of the company’s stock valued at $534,000 after purchasing an additional 52 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of RH by 5.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 1,205 shares of the company’s stock worth $474,000 after purchasing an additional 67 shares during the period. Koshinski Asset Management Inc. purchased a new stake in shares of RH in the fourth quarter worth $227,000. Finally, UMB Bank n.a. raised its position in shares of RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares during the period. Institutional investors own 90.17% of the company’s stock.

RH Trading Down 2.6 %

RH opened at $442.50 on Thursday. The company has a fifty day moving average price of $392.05 and a two-hundred day moving average price of $329.27. RH has a 1-year low of $212.43 and a 1-year high of $457.26. The company has a market cap of $8.23 billion, a P/E ratio of 127.15, a price-to-earnings-growth ratio of 10.24 and a beta of 2.43.

RH (NYSE:RH) last released its quarterly earnings data 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 net margin of 2.25% and a negative return on equity of 35.72%. The firm had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. During the same quarter in the prior year, the firm earned ($0.42) EPS. The company’s revenue was up 8.1% compared to the same quarter last year. On average, research analysts forecast that RH will post 4.37 EPS 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.