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

RH (NYSE:RH) has received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $326.14.

A number of brokerages have recently weighed in on RH. Stifel Nicolaus lifted their price objective on RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Robert W. Baird lifted their price objective on RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, September 13th. Wells Fargo & Company lifted their price objective on RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. BNP Paribas reiterated an “underperform” rating and issued a $253.00 price objective on shares of RH in a research report on Wednesday. Finally, Barclays cut their price objective on RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th.

RH Price Performance

Shares of RH stock opened at $315.48 on Friday. The business’s 50 day simple moving average is $323.66 and its two-hundred day simple moving average is $282.89. The stock has a market capitalization of $5.82 billion, a P/E ratio of 185.58, a price-to-earnings-growth ratio of 1.84 and a beta of 2.43. RH has a one year low of $212.43 and a one year high of $367.00.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. The business had revenue of $829.66 million for the quarter, compared to analysts’ expectations of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.93 EPS. Sell-side analysts expect that RH will post 5.67 earnings per share for the current fiscal year.

Insider Buying and Selling at RH

In other RH news, insider Stefan Duban sold 4,285 shares of RH stock in a transaction 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 owns 78 shares in the company, valued at approximately $27,016.86. The trade was a 98.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total value of $680,600.00. Following the transaction, the director now owns 10,914 shares of the company’s stock, valued at $3,714,034.20. The trade was a 15.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RH. Blue Trust Inc. increased its position in RH by 308.3% during the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after acquiring an additional 74 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in RH during the second quarter valued at $62,000. Centaurus Financial Inc. purchased a new stake in RH during the third quarter valued at $100,000. Ameliora Wealth Management Ltd. purchased a new stake in RH during the third quarter valued at $110,000. Finally, Quarry LP purchased a new stake in RH during the third quarter valued at $141,000. Hedge funds and other institutional investors 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.