RH (NYSE:RH) Receives $431.60 Average PT from Brokerages

Shares of RH (NYSE:RH) have been given an average recommendation of “Moderate Buy” by the sixteen research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $431.60.

Several brokerages have recently weighed in on RH. The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and raised their target price for the company from $261.00 to $374.00 in a research note on Thursday, January 30th. Wedbush reiterated an “outperform” rating and issued a $500.00 price target on shares of RH in a research note on Tuesday, February 18th. Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $383.00 to $515.00 in a research note on Wednesday, January 8th. Wells Fargo & Company lifted their price target on RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Finally, Robert W. Baird lifted their price target on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th.

RH Price Performance

Shares of RH stock opened at $225.04 on Friday. The business has a 50-day moving average of $371.63 and a 200-day moving average of $353.08. The company has a market capitalization of $4.19 billion, a PE ratio of 64.67, a P/E/G ratio of 2.65 and a beta of 2.50. RH has a 1-year low of $212.04 and a 1-year high of $457.26.

RH (NYSE:RH) last announced its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). The business had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.42) earnings per share. On average, equities analysts expect that RH will post 4.39 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Eri Chaya sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $426.41, for a total transaction of $10,660,250.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Keith Belling sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total value of $207,500.00. Following the sale, the director now directly owns 5,470 shares in the company, valued at approximately $2,270,050. The trade was a 8.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,880 shares of company stock valued at $29,129,879. Insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in RH by 0.7% during the fourth quarter. FMR LLC now owns 2,790,314 shares of the company’s stock worth $1,098,240,000 after purchasing an additional 18,040 shares in the last quarter. Vanguard Group Inc. raised its holdings in RH by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 1,402,010 shares of the company’s stock worth $551,817,000 after purchasing an additional 18,389 shares in the last quarter. Anomaly Capital Management LP grew its position in RH by 9.6% in the fourth quarter. Anomaly Capital Management LP now owns 481,111 shares of the company’s stock worth $189,360,000 after buying an additional 41,986 shares during the last quarter. Alliancebernstein L.P. grew its position in RH by 1,960.8% in the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock worth $143,148,000 after buying an additional 346,050 shares during the last quarter. Finally, Senvest Management LLC grew its position in RH by 35.6% in the fourth quarter. Senvest Management LLC now owns 315,368 shares of the company’s stock worth $124,126,000 after buying an additional 82,742 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

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.