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

RH (NYSE:RH) has been given an average recommendation of “Hold” by the sixteen research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $283.94.

A number of analysts recently commented on RH shares. Bank of America downgraded shares of RH from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $410.00 to $130.00 in a report on Thursday, April 3rd. Citigroup reissued a “neutral” rating and set a $200.00 price target (down previously from $437.00) on shares of RH in a research note on Thursday, April 3rd. Telsey Advisory Group lowered their price target on RH from $420.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, April 3rd. Robert W. Baird decreased their target price on RH from $400.00 to $215.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Finally, Morgan Stanley dropped their price target on RH from $530.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd.

Insider Buying and Selling at RH

In other RH news, insider Eri Chaya sold 25,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total value of $11,261,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward T. Lee sold 600 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,880 shares of company stock worth $24,550,754. Corporate insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. boosted its position in shares of 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 acquiring an additional 346,050 shares during the last quarter. Norges Bank acquired a new position in shares of RH in the 4th quarter valued at $54,314,000. Raymond James Financial Inc. purchased a new stake in shares of RH during the 4th quarter valued at $52,190,000. Freestone Grove Partners LP acquired a new position in RH in the fourth quarter valued at $44,744,000. Finally, American Century Companies Inc. grew its position in RH by 2,227.7% during the fourth quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock valued at $41,603,000 after acquiring an additional 101,160 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Price Performance

RH stock opened at $163.99 on Tuesday. The stock’s 50 day moving average price is $307.12 and its 200 day moving average price is $347.14. RH has a 1-year low of $123.03 and a 1-year high of $457.26. The company has a market cap of $3.05 billion, a PE ratio of 47.12, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44.

RH (NYSE:RH) last released its earnings results on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. During the same period last year, the business posted $0.72 EPS. RH’s revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts anticipate that RH will post 4.39 EPS 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.