RH (NYSE:RH) Receives $332.15 Consensus Target Price from Analysts

RH (NYSE:RH) has been given a consensus rating of “Hold” by the fourteen research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $332.15.

RH has been the subject of a number of recent research reports. Barclays raised their price target on RH from $293.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Monday, April 1st. Telsey Advisory Group reiterated a “market perform” rating and issued a $335.00 target price (up from $285.00) on shares of RH in a research note on Tuesday, March 26th. Robert W. Baird increased their price target on shares of RH from $280.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Wedbush raised their price target on shares of RH from $275.00 to $320.00 and gave the company a “neutral” rating in a report on Thursday, March 28th. Finally, Wells Fargo & Company upped their price objective on shares of RH from $350.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th.

Insider Activity

In other RH news, Director Mark S. Demilio sold 1,000 shares of RH stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total value of $288,990.00. Following the transaction, the director now directly owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Mark S. Demilio sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total transaction of $288,990.00. Following the completion of the transaction, the director now directly owns 11,991 shares in the company, valued at approximately $3,465,279.09. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total transaction of $616,440.00. Following the completion of the sale, the director now owns 12,991 shares in the company, valued at $4,004,086.02. The disclosure for this sale can be found here. 23.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RH

Institutional investors have recently added to or reduced their stakes in the company. Carmel Capital Partners LLC lifted its position in RH by 8.9% in the first quarter. Carmel Capital Partners LLC now owns 4,325 shares of the company’s stock worth $1,506,000 after purchasing an additional 353 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of RH by 2.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 4,400 shares of the company’s stock worth $1,532,000 after acquiring an additional 100 shares during the period. PFG Investments LLC boosted its position in shares of RH by 13.0% during the 1st quarter. PFG Investments LLC now owns 991 shares of the company’s stock valued at $345,000 after acquiring an additional 114 shares in the last quarter. Altfest L J & Co. Inc. bought a new stake in RH in the first quarter valued at about $437,000. Finally, Deepwater Asset Management LLC increased its stake in RH by 8.7% in the first quarter. Deepwater Asset Management LLC now owns 43,523 shares of the company’s stock valued at $15,157,000 after acquiring an additional 3,491 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Trading Up 2.3 %

Shares of RH stock opened at $248.91 on Tuesday. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 44.69, a P/E/G ratio of 2.68 and a beta of 2.46. RH has a 1-year low of $207.26 and a 1-year high of $406.38. The stock’s fifty day simple moving average is $275.85 and its 200-day simple moving average is $267.13.

RH (NYSE:RH) last issued its earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.99). RH had a net margin of 4.21% and a negative return on equity of 777.61%. The company had revenue of $738.26 million for the quarter, compared to analyst estimates of $777.50 million. During the same period last year, the business earned $2.88 EPS. The company’s quarterly revenue was down 4.4% on a year-over-year basis. On average, sell-side analysts predict that RH will post 9.08 EPS for the current 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.