RH (NYSE:RH) Receives $402.40 Consensus PT from Brokerages

Shares of RH (NYSE:RH) have been given a consensus rating of “Hold” by the sixteen research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $402.40.

A number of research analysts have recently issued reports on RH shares. BNP Paribas reissued an “underperform” rating and issued a $253.00 price objective on shares of RH in a research note on Wednesday, November 13th. StockNews.com lowered RH from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Bank of America raised their price objective on shares of RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Barclays lowered their price objective on shares of RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. cut their target price on shares of RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th.

RH Stock Performance

RH stock opened at $393.59 on Friday. The company has a market capitalization of $7.32 billion, a P/E ratio of 113.10, a PEG ratio of 2.73 and a beta of 2.44. The company has a fifty day moving average price of $364.20 and a 200-day moving average price of $309.34. RH has a 52-week low of $212.43 and a 52-week high of $457.26.

RH (NYSE:RH) last issued its quarterly 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). RH had a net margin of 2.25% and a negative return on equity of 32.76%. The company had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. During the same period in the previous year, the company posted ($0.42) EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts forecast that RH will post 5.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Keith Belling sold 500 shares of the business’s stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Edward T. Lee sold 2,000 shares of the company’s 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 currently owned by corporate insiders.

Institutional Investors Weigh In On RH

Several institutional investors have recently made changes to their positions in the stock. Texas Permanent School Fund Corp lifted its holdings in shares of RH by 25.3% in the second quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock worth $4,098,000 after buying an additional 3,387 shares in the last quarter. Virtu Financial LLC purchased a new stake in RH in the 3rd quarter worth approximately $4,268,000. Lisanti Capital Growth LLC bought a new position in RH in the 3rd quarter valued at $3,251,000. Invst LLC bought a new position in RH in the 3rd quarter valued at $752,000. Finally, Cerity Partners LLC grew its position in shares of RH by 139.7% during the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after purchasing an additional 1,506 shares in the last quarter. Hedge funds and other 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.