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

RH (NYSE:RH) has received a consensus rating of “Hold” from the sixteen analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $273.31.

Several equities research analysts have commented on RH shares. Barclays cut their price target on shares of RH from $515.00 to $436.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Guggenheim reduced their price target on RH from $500.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. StockNews.com lowered RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. UBS Group cut their price objective on RH from $250.00 to $235.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Finally, Citigroup restated a “neutral” rating and set a $200.00 target price (down from $437.00) on shares of RH in a report on Thursday, April 3rd.

RH Trading Down 1.1 %

RH stock opened at $194.38 on Friday. The stock has a 50-day moving average price of $202.35 and a two-hundred day moving average price of $318.09. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The stock has a market cap of $3.64 billion, a PE ratio of 55.86, a price-to-earnings-growth ratio of 2.65 and a beta of 2.36.

RH (NYSE:RH) last posted its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). The firm had revenue of $812.41 million for the quarter, compared to the consensus estimate of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 earnings per share. On average, analysts forecast that RH will post 4.39 earnings per share for the current fiscal year.

Institutional Trading of RH

Hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of RH by 61.3% during the fourth quarter. LPL Financial LLC now owns 9,141 shares of the company’s stock worth $3,598,000 after buying an additional 3,473 shares in the last quarter. Sterling Capital Management LLC raised its stake in RH by 49.7% in the 4th quarter. Sterling Capital Management LLC now owns 762 shares of the company’s stock worth $300,000 after purchasing an additional 253 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in RH by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock valued at $19,949,000 after purchasing an additional 445 shares during the period. L.M. Kohn & Company bought a new position in shares of RH during the fourth quarter worth approximately $289,000. Finally, Pictet Asset Management Holding SA raised its position in shares of RH by 16.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,257 shares of the company’s stock valued at $888,000 after buying an additional 314 shares in the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

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.