RH (RH) – What Are Investment Firms Saying About This Stock?

Shares of RH (NYSE:RH) have received a consensus recommendation of “Hold” from the nineteen brokerages that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $163.00.

Several brokerages have recently commented on RH. Telsey Advisory Group upped their price objective on shares of RH from $140.00 to $155.00 and gave the stock a “market perform” rating in a report on Friday, September 11th. Robert W. Baird cut their price objective on RH from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, September 11th. UBS Group set a $190.00 price objective on RH in a research note on Friday, September 11th. Weiss Ratings upgraded RH from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, September 11th. Finally, Wells Fargo & Company lowered their target price on RH from $225.00 to $175.00 and set an “overweight” rating for the company in a research note on Friday, September 11th.

RH Stock Down 1.4%

RH stock opened at $134.70 on Wednesday. The stock has a market capitalization of $2.55 billion, a P/E ratio of 34.41, a P/E/G ratio of 2.63 and a beta of 1.92. The firm has a 50-day simple moving average of $129.81 and a 200-day simple moving average of $151.12. The company has a quick ratio of 0.37, a current ratio of 1.12 and a debt-to-equity ratio of 26.57. RH has a 52 week low of $106.30 and a 52 week high of $239.40.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, September 10th. The company reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $2.32. The firm had revenue of $922.15 million for the quarter, compared to analyst estimates of $915.09 million. RH had a return on equity of 132.79% and a net margin of 3.23%. The business’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.93 earnings per share. Equities analysts forecast that RH will post 5.19 earnings per share for the current fiscal year.

RH News Roundup

Here are the key news stories impacting RH this week:

• Negative Sentiment: Citigroup trimmed its price target on RH, a potentially negative signal for investor expectations. The article details provided do not specify the new target or whether the rating changed. RH Stock Gets Price Target Trim from Citigroup
• Neutral Sentiment: As context, RH’s latest reported quarter beat consensus EPS and revenue estimates, but revenue grew only 2.6% year over year and EPS was below the prior-year quarter. Its shares were also below their 200-day moving average, which may be a technical headwind.

Insider Transactions at RH

In other news, Director Mark Demilio sold 1,000 shares of RH stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $132.00, for a total value of $132,000.00. Following the completion of the transaction, the director owned 25,680 shares in the company, valued at approximately $3,389,760. This trade represents a 3.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 26.90% of the stock is owned by corporate insiders.

Institutional Trading of RH

A number of large investors have recently made changes to their positions in the company. Putney Financial Group LLC purchased a new position in RH in the third quarter worth approximately $30,000. Geneos Wealth Management Inc. purchased a new stake in shares of RH in the 1st quarter valued at approximately $42,000. Himension Capital Singapore PTE. LTD. purchased a new stake in shares of RH in the 1st quarter valued at approximately $45,000. Parallel Advisors LLC raised its holdings in shares of RH by 24.7% in the 3rd quarter. Parallel Advisors LLC now owns 460 shares of the company’s stock valued at $56,000 after purchasing an additional 91 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of RH by 80.4% in the 2nd quarter. Allworth Financial LP now owns 516 shares of the company’s stock valued at $85,000 after purchasing an additional 230 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

About RH

RH, formerly known as Restoration Hardware, is a luxury home-furnishings company. It offers furniture, lighting, textiles, rugs, bath and outdoor products, décor, and related design services for residential and commercial spaces. The company sells through its website, catalogs and design-focused retail galleries, which may include restaurants and other hospitality features. RH serves customers primarily in the United States and Canada and has also established a presence in the United Kingdom. Founded in 1979 in Eureka, California, the company adopted the RH name in 2012.