Brokerages Set RH (NYSE:RH) PT at $238.81

Shares of RH (NYSE:RH) have been given an average rating of “Hold” by the twenty-one brokerages that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $230.25.

RH has been the subject of several recent analyst reports. Robert W. Baird decreased their price objective on shares of RH from $235.00 to $180.00 and set a “neutral” rating for the company in a research report on Friday. Wells Fargo & Company boosted their target price on shares of RH from $275.00 to $295.00 and gave the company an “overweight” rating in a report on Monday, September 8th. UBS Group reiterated a “neutral” rating on shares of RH in a report on Friday. Guggenheim reissued a “buy” rating and issued a $300.00 price objective on shares of RH in a research report on Friday, September 12th. Finally, Telsey Advisory Group cut their target price on RH from $220.00 to $185.00 and set a “market perform” rating on the stock in a research report on Friday, December 12th.

Insider Transactions at RH

In other RH news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $236.13, for a total transaction of $472,260.00. Following the transaction, the director directly owned 24,616 shares in the company, valued at approximately $5,812,576.08. This represents a 7.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 27.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of RH by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,409,962 shares of the company’s stock valued at $330,509,000 after acquiring an additional 7,952 shares in the last quarter. Senvest Management LLC lifted its holdings in shares of RH by 54.6% in the 2nd quarter. Senvest Management LLC now owns 733,894 shares of the company’s stock worth $138,713,000 after purchasing an additional 259,200 shares in the last quarter. Durable Capital Partners LP grew its position in RH by 125.1% in the 2nd quarter. Durable Capital Partners LP now owns 646,097 shares of the company’s stock valued at $122,119,000 after purchasing an additional 359,101 shares during the period. Alliancebernstein L.P. increased its stake in RH by 66.1% during the 3rd quarter. Alliancebernstein L.P. now owns 573,666 shares of the company’s stock valued at $116,546,000 after purchasing an additional 228,229 shares in the last quarter. Finally, Atreides Management LP increased its stake in RH by 69.1% during the 1st quarter. Atreides Management LP now owns 473,321 shares of the company’s stock valued at $110,951,000 after purchasing an additional 193,404 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

RH Price Performance

Shares of RH opened at $167.72 on Friday. RH has a 1 year low of $123.03 and a 1 year high of $455.84. The company has a debt-to-equity ratio of 944.39, a current ratio of 1.19 and a quick ratio of 0.26. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 0.85 and a beta of 2.09. The business has a 50-day moving average of $166.13 and a 200-day moving average of $193.87.

RH (NYSE:RH) last announced its earnings results on Thursday, December 11th. The company reported $1.71 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.42). RH had a net margin of 3.22% and a negative return on equity of 161.72%. The company had revenue of $883.81 million during the quarter, compared to the consensus estimate of $883.65 million. During the same quarter in the previous year, the company earned $2.48 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts anticipate that RH will post 4.39 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.