RH (RH) Given Consensus Rating of “Hold” by Brokerages
RH (NYSE:RH) has been given a consensus recommendation of “Hold” by the twenty-three analysts that are presently covering the company. One investment analyst has rated the stock with a sell recommendation, fifteen have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $45.91.
A number of research firms have commented on RH. Oppenheimer Holdings Inc. restated a “hold” rating on shares of RH in a research report on Saturday, May 6th. Buckingham Research upgraded RH from an “underperform” rating to a “neutral” rating in a research report on Monday, May 15th. Robert W. Baird set a $32.00 target price on RH and gave the company a “hold” rating in a research report on Saturday, February 25th. Bank of America Corp restated a “buy” rating and issued a $64.00 target price (up previously from $48.00) on shares of RH in a research report on Monday, May 15th. Finally, Deutsche Bank AG lifted their target price on RH from $40.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, May 12th.
Large investors have recently modified their holdings of the company. American International Group Inc. increased its stake in shares of RH by 0.8% in the third quarter. American International Group Inc. now owns 94,899 shares of the company’s stock valued at $3,282,000 after buying an additional 718 shares during the period. Sei Investments Co. increased its stake in shares of RH by 36.7% in the first quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock valued at $126,000 after buying an additional 730 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of RH by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 323,295 shares of the company’s stock valued at $9,925,000 after buying an additional 1,106 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of RH by 59.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the company’s stock valued at $166,000 after buying an additional 1,328 shares during the period. Finally, Comerica Bank increased its stake in shares of RH by 6.1% in the fourth quarter. Comerica Bank now owns 28,053 shares of the company’s stock valued at $861,000 after buying an additional 1,620 shares during the period.
RH (NYSE:RH) traded up 1.18% during mid-day trading on Tuesday, reaching $58.49. The company had a trading volume of 911,496 shares. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 449.92 and a beta of 1.57. The stock has a 50 day moving average of $51.29 and a 200 day moving average of $36.83. RH has a 52 week low of $24.41 and a 52 week high of $60.11.
RH (NYSE:RH) last released its quarterly earnings data on Tuesday, March 28th. The company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. The company had revenue of $586.70 million for the quarter, compared to analyst estimates of $585 million. RH had a return on equity of 7.09% and a net margin of 1.33%. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share. Analysts anticipate that RH will post $2.15 earnings per share for the current year.
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RH Company Profile
RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.
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