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

RH (NYSE:RH) has received a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $332.15.

RH has been the subject of several analyst reports. Robert W. Baird raised their target price on RH from $280.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Telsey Advisory Group restated a “market perform” rating and issued a $335.00 price objective (up from $285.00) on shares of RH in a research report on Tuesday, March 26th. JPMorgan Chase & Co. increased their price target on shares of RH from $329.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Oppenheimer restated a “market perform” rating on shares of RH in a research report on Monday, April 1st. Finally, Barclays increased their price objective on RH from $293.00 to $340.00 and gave the company an “equal weight” rating in a research report on Monday, April 1st.

Insider Activity at RH

In other news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the transaction, the director now directly owns 12,991 shares of the company’s stock, valued at approximately $4,004,086.02. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the completion of the transaction, the director now owns 12,991 shares of the company’s stock, valued at $4,004,086.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark S. Demilio sold 1,000 shares of the firm’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 disclosure for this sale can be found here. Insiders have sold 103,000 shares of company stock worth $28,897,430 in the last quarter. Company insiders own 23.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James & Associates raised its holdings in shares of RH by 3.1% during the third quarter. Raymond James & Associates now owns 9,095 shares of the company’s stock valued at $2,404,000 after acquiring an additional 274 shares during the period. Teacher Retirement System of Texas increased its stake in RH by 24.4% during the third quarter. Teacher Retirement System of Texas now owns 1,452 shares of the company’s stock valued at $384,000 after acquiring an additional 285 shares during the period. Duality Advisers LP bought a new position in shares of RH during the 3rd quarter worth about $1,380,000. D.B. Root & Company LLC lifted its position in shares of RH by 14.1% during the 3rd quarter. D.B. Root & Company LLC now owns 7,961 shares of the company’s stock worth $2,105,000 after buying an additional 985 shares during the period. Finally, NBC Securities Inc. bought a new position in RH during the 3rd quarter valued at about $407,000. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Trading Down 7.2 %

Shares of RH stock opened at $254.34 on Friday. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 45.66, a PEG ratio of 3.11 and a beta of 2.54. The business’s 50-day moving average price is $277.64 and its 200-day moving average price is $272.51. RH has a 12 month low of $207.26 and a 12 month high of $406.38.

RH (NYSE:RH) last announced its earnings results on Wednesday, March 27th. The company reported $0.72 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $777.50 million. During the same quarter in the previous year, the company earned $2.88 earnings per share. The business’s revenue was down 4.4% on a year-over-year basis. On average, sell-side analysts predict that RH will post 8.99 earnings per share for the current fiscal year.

About RH

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.