RH (NYSE:RH) Given Consensus Recommendation of “Hold” by Brokerages

RH (NYSE:RH) has earned a consensus recommendation of “Hold” from the sixteen brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $402.40.

Several research firms have recently weighed in on RH. TD Cowen boosted their price objective on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 13th. StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Guggenheim raised their target price on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Robert W. Baird upped their price target on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $485.00 to $500.00 in a research note on Thursday, December 19th.

Insider Buying and Selling

In other news, Director Keith Belling sold 500 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were 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 $2,270,050. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Edward T. Lee sold 2,000 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The disclosure for this sale can be found here. 28.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Anomaly Capital Management LP grew its stake in shares of RH by 503.6% during the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after buying an additional 291,368 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of RH by 18.0% in the second quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock worth $66,239,000 after purchasing an additional 41,242 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of RH by 8.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock worth $82,206,000 after acquiring an additional 18,563 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in RH by 26.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock worth $61,814,000 after purchasing an additional 38,572 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of RH by 58.6% in the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock valued at $42,612,000 after acquiring an additional 64,423 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Stock Performance

Shares of NYSE RH opened at $395.10 on Friday. The firm’s 50 day moving average price is $366.93 and its 200-day moving average price is $310.52. RH has a 52-week low of $212.43 and a 52-week high of $457.26. The company has a market cap of $7.35 billion, a PE ratio of 113.53, a P/E/G ratio of 2.73 and a beta of 2.44.

RH (NYSE:RH) last posted its earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The business had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. RH had a negative return on equity of 32.76% and a net margin of 2.25%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.42) EPS. On average, analysts forecast that RH will post 5.63 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.