RH (NYSE:RH) Receives $421.73 Average PT from Analysts

RH (NYSE:RH) has earned an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $421.73.

A number of brokerages have issued reports on RH. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $435.00 to $530.00 in a research note on Monday, January 13th. Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $383.00 to $515.00 in a research report on Wednesday, January 8th. Wedbush reissued an “outperform” rating and issued a $500.00 price target on shares of RH in a report on Monday. Robert W. Baird increased their price objective on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, Guggenheim lifted their price objective on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, December 13th.

RH Trading Down 1.8 %

RH stock opened at $411.37 on Thursday. RH has a 12 month low of $212.43 and a 12 month high of $457.26. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 118.21, a price-to-earnings-growth ratio of 10.14 and a beta of 2.43. The business’s fifty day simple moving average is $398.66 and its two-hundred day simple moving average is $333.28.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) 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 35.72%. The business had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. During the same period last year, the company posted ($0.42) earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts predict that RH will post 4.37 EPS for the current year.

Insider Buying and Selling

In other RH news, Director Keith Belling sold 500 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00. Following the sale, the director now owns 5,470 shares in the company, valued at approximately $2,270,050. This represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eri Chaya sold 25,000 shares of RH stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $426.41, for a total value of $10,660,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 66,880 shares of company stock worth $29,129,879 in the last quarter. Company insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RH. Insight Advisors LLC PA grew its position in shares of RH by 2.3% during the fourth quarter. Insight Advisors LLC PA now owns 1,449 shares of the company’s stock worth $571,000 after buying an additional 33 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in RH by 4.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock valued at $250,000 after acquiring an additional 35 shares during the last quarter. UMB Bank n.a. grew its holdings in RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after acquiring an additional 39 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of RH by 1.7% in the 2nd quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock worth $572,000 after purchasing an additional 40 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of RH by 4.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock valued at $296,000 after purchasing an additional 47 shares in the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

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.