RH (NYSE:RH) Receives Average Recommendation of “Hold” from Analysts

RH (NYSE:RH) has been assigned an average recommendation of “Hold” from the twenty-one analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $238.8125.

RH has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of RH from $275.00 to $295.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Barclays lowered their price objective on shares of RH from $436.00 to $385.00 and set an “overweight” rating on the stock in a research report on Friday, September 12th. UBS Group reaffirmed a “neutral” rating on shares of RH in a research report on Friday. William Blair cut RH from an “outperform” rating to a “market perform” rating in a report on Thursday, October 2nd. Finally, KeyCorp restated a “sector weight” rating on shares of RH in a research note on Friday.

Insider Transactions at RH

In other RH news, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $236.13, for a total transaction of $472,260.00. Following the completion of the sale, the director directly owned 24,616 shares in the company, valued at $5,812,576.08. The trade was a 7.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 27.00% of the company’s stock.

Hedge Funds Weigh In On RH

Institutional investors and hedge funds have recently made changes to their positions in the business. Quinn Opportunity Partners LLC purchased a new stake in RH in the 2nd quarter worth $378,000. Norges Bank purchased a new position in shares of RH during the second quarter valued at about $29,083,000. Senvest Management LLC increased its holdings in shares of RH by 54.6% in the second quarter. Senvest Management LLC now owns 733,894 shares of the company’s stock worth $138,713,000 after purchasing an additional 259,200 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of RH by 29.0% in the first quarter. Intech Investment Management LLC now owns 9,790 shares of the company’s stock worth $2,295,000 after buying an additional 2,198 shares in the last quarter. Finally, Twin Lakes Capital Management LLC purchased a new stake in shares of RH in the second quarter worth about $3,213,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Trading Up 5.6%

RH stock opened at $161.94 on Friday. RH has a 12 month low of $123.03 and a 12 month high of $457.26. The stock has a fifty day simple moving average of $167.44 and a two-hundred day simple moving average of $194.04. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 0.77 and a beta of 2.09.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, December 11th. The company reported $1.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.42). RH had a net margin of 3.22% and a negative return on equity of 120.00%. The business had revenue of $883.81 million for the quarter, compared to the consensus estimate of $883.65 million. During the same period in the previous year, the company earned $2.48 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities research analysts forecast that RH will post 4.39 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.