RH (NYSE:RH) Receives Consensus Recommendation of “Hold” from Analysts

Shares of RH (NYSE:RH) have been given a consensus rating of “Hold” by the seventeen research firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $270.35.

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of RH from $510.00 to $250.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Bank of America upped their target price on shares of RH from $144.00 to $172.00 and gave the stock an “underperform” rating in a report on Wednesday, May 14th. Wells Fargo & Company set a $275.00 target price on shares of RH in a report on Friday, June 13th. The Goldman Sachs Group cut shares of RH from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $199.00 to $179.00 in a research report on Tuesday, June 24th. Finally, Guggenheim restated a “buy” rating and set a $300.00 price objective on shares of RH in a research report on Wednesday, July 2nd.

Hedge Funds Weigh In On RH

Institutional investors and hedge funds have recently bought and sold shares of the business. Sunbelt Securities Inc. lifted its stake in shares of RH by 690.0% during the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock valued at $31,000 after acquiring an additional 69 shares during the period. AlphaQuest LLC acquired a new position in shares of RH during the first quarter valued at $29,000. Farther Finance Advisors LLC lifted its stake in shares of RH by 67.8% during the second quarter. Farther Finance Advisors LLC now owns 151 shares of the company’s stock valued at $29,000 after acquiring an additional 61 shares during the period. UMB Bank n.a. lifted its stake in shares of RH by 53.8% during the second quarter. UMB Bank n.a. now owns 180 shares of the company’s stock valued at $34,000 after acquiring an additional 63 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of RH by 146.1% during the first quarter. GAMMA Investing LLC now owns 187 shares of the company’s stock valued at $44,000 after acquiring an additional 111 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Price Performance

Shares of RH opened at $221.08 on Thursday. RH has a 1-year low of $123.03 and a 1-year high of $457.26. The company has a 50-day moving average of $192.91 and a 200 day moving average of $255.40. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 52.64, a PEG ratio of 0.62 and a beta of 2.17.

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