RH (NYSE:RH) Receives Average Recommendation of “Hold” from Analysts

Shares of RH (NYSE:RH) have received an average recommendation of “Hold” from the fourteen research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $321.85.

Several research firms have weighed in on RH. TD Cowen dropped their price objective on RH from $350.00 to $325.00 and set a “buy” rating for the company in a report on Friday. The Goldman Sachs Group raised their price target on RH from $201.00 to $264.00 and gave the stock a “sell” rating in a research note on Monday, April 1st. JPMorgan Chase & Co. boosted their price objective on shares of RH from $329.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Wells Fargo & Company dropped their target price on shares of RH from $360.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Wedbush reduced their price target on shares of RH from $320.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday.

RH Stock Down 17.1 %

NYSE:RH opened at $229.73 on Wednesday. The firm has a market capitalization of $4.21 billion, a P/E ratio of 63.64, a P/E/G ratio of 0.75 and a beta of 2.51. The company has a fifty day moving average of $265.77 and a 200 day moving average of $274.37. RH has a 52 week low of $207.26 and a 52 week high of $406.38.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, June 13th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.32). The firm had revenue of $726.96 million for the quarter, compared to the consensus estimate of $725.15 million. RH had a net margin of 2.72% and a negative return on equity of 28.79%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the company posted $2.21 earnings per share. As a group, analysts anticipate that RH will post 8.84 EPS for the current year.

Insider Buying and Selling at RH

In related news, Director Mark S. Demilio sold 1,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total value of $288,990.00. Following the transaction, the director now owns 11,991 shares in the company, valued at approximately $3,465,279.09. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other RH news, insider Eri Chaya sold 100,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $279.92, for a total transaction of $27,992,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark S. Demilio sold 1,000 shares of RH stock in a transaction 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 completion of the sale, the director now directly owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,000 shares of company stock worth $28,897,430. 28.10% of the stock is owned by insiders.

Institutional Investors Weigh In On RH

Several institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC grew its position in RH by 0.4% in the 1st quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock worth $2,986,000 after purchasing an additional 38 shares during the period. Insight Advisors LLC PA grew its holdings in shares of RH by 2.8% in the first quarter. Insight Advisors LLC PA now owns 1,447 shares of the company’s stock worth $504,000 after acquiring an additional 39 shares during the period. Tradition Wealth Management LLC grew its holdings in shares of RH by 14.8% in the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after acquiring an additional 45 shares during the period. Texas Permanent School Fund Corp increased its position in RH by 0.4% during the first quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company’s stock valued at $4,659,000 after acquiring an additional 47 shares during the last quarter. Finally, New York Life Investment Management LLC lifted its holdings in RH by 4.1% in the fourth quarter. New York Life Investment Management LLC now owns 1,703 shares of the company’s stock valued at $496,000 after acquiring an additional 67 shares during the period. 90.17% of the stock is owned by hedge funds and other institutional investors.

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.