Brokerages Set RH (NYSE:RH) Price Target at $272.50

Shares of RH (NYSE:RH) have been given a consensus recommendation of “Hold” by the sixteen analysts that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $271.56.

RH has been the topic of several research reports. UBS Group dropped their price objective on RH from $235.00 to $215.00 and set a “neutral” rating on the stock in a report on Thursday, June 5th. Wall Street Zen upgraded shares of RH from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Stifel Nicolaus dropped their price objective on shares of RH from $450.00 to $390.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Wells Fargo & Company set a $275.00 price objective on shares of RH in a research note on Friday, June 13th. Finally, The Goldman Sachs Group lowered shares of RH from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $199.00 to $179.00 in a research note on Tuesday.

RH Trading Up 3.2%

Shares of RH opened at $192.91 on Friday. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The firm’s fifty day simple moving average is $188.15 and its 200-day simple moving average is $281.75. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 45.93, a PEG ratio of 0.53 and a beta of 2.19.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, June 12th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.20. RH had a net margin of 2.57% and a negative return on equity of 67.71%. The business had revenue of $813.95 million for the quarter, compared to analyst estimates of $817.66 million. During the same period last year, the business earned ($0.40) EPS. The company’s revenue was up 12.0% on a year-over-year basis. On average, analysts predict that RH will post 4.39 earnings per share for the current fiscal year.

Institutional Trading of RH

Several institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers lifted its stake in shares of RH by 1.2% during the first quarter. Rhumbline Advisers now owns 40,787 shares of the company’s stock valued at $9,561,000 after buying an additional 489 shares during the period. SWS Partners lifted its stake in shares of RH by 39.7% during the first quarter. SWS Partners now owns 13,112 shares of the company’s stock valued at $3,074,000 after buying an additional 3,725 shares during the period. Intech Investment Management LLC lifted its stake in shares of RH by 29.0% during the first quarter. Intech Investment Management LLC now owns 9,790 shares of the company’s stock valued at $2,295,000 after buying an additional 2,198 shares during the period. Game Plan Financial Advisors LLC lifted its stake in shares of RH by 4.1% during the first quarter. Game Plan Financial Advisors LLC now owns 8,100 shares of the company’s stock valued at $1,899,000 after buying an additional 316 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of RH by 6.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 38,622 shares of the company’s stock valued at $9,053,000 after buying an additional 2,244 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

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.