RH (NYSE:RH) Given Average Rating of “Hold” by Analysts

RH (NYSE:RH) has been given an average rating of “Hold” by the fourteen brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $332.15.

A number of brokerages recently commented on RH. Wells Fargo & Company lifted their price objective on RH from $350.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. The Goldman Sachs Group boosted their price target on shares of RH from $201.00 to $264.00 and gave the company a “sell” rating in a research report on Monday, April 1st. Robert W. Baird raised their price objective on shares of RH from $280.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, March 28th. Wedbush lifted their target price on shares of RH from $275.00 to $320.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $335.00 price target (up previously from $285.00) on shares of RH in a research note on Tuesday, March 26th.

Insider Buying and Selling

In other RH news, Director Mark S. Demilio sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total value of $288,990.00. Following the sale, the director now owns 11,991 shares of the company’s stock, valued at $3,465,279.09. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Mark S. Demilio sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total transaction of $288,990.00. Following the completion of the transaction, the director now directly owns 11,991 shares in the company, valued at approximately $3,465,279.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total value of $616,440.00. Following the completion of the transaction, the director now directly owns 12,991 shares of the company’s stock, valued at $4,004,086.02. The disclosure for this sale can be found here. 23.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On RH

A number of hedge funds have recently added to or reduced their stakes in RH. FMR LLC increased its holdings in RH by 11.5% during the 3rd quarter. FMR LLC now owns 2,143,424 shares of the company’s stock worth $566,636,000 after purchasing an additional 221,858 shares during the period. Atreides Management LP increased its stake in shares of RH by 0.3% during the third quarter. Atreides Management LP now owns 1,059,872 shares of the company’s stock worth $280,188,000 after buying an additional 3,375 shares during the period. Senvest Management LLC increased its stake in shares of RH by 47.4% during the fourth quarter. Senvest Management LLC now owns 349,517 shares of the company’s stock worth $101,877,000 after buying an additional 112,455 shares during the period. Dimensional Fund Advisors LP raised its holdings in RH by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 265,035 shares of the company’s stock valued at $77,260,000 after acquiring an additional 15,312 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in RH by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 135,789 shares of the company’s stock worth $39,580,000 after acquiring an additional 7,334 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Trading Up 2.8 %

NYSE:RH opened at $255.78 on Tuesday. The company has a market cap of $4.69 billion, a P/E ratio of 45.92, a P/E/G ratio of 2.74 and a beta of 2.46. RH has a twelve month low of $207.26 and a twelve month high of $406.38. The company’s 50-day moving average price is $275.66 and its 200-day moving average price is $267.20.

RH (NYSE:RH) last released its quarterly earnings data on Wednesday, March 27th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.99). The business had revenue of $738.26 million during the quarter, compared to analyst estimates of $777.50 million. RH had a net margin of 4.21% and a negative return on equity of 777.61%. The firm’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.88 EPS. On average, analysts expect that RH will post 9.08 earnings per share for the current 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.