RH (NYSE:RH – Get Free Report) has received a consensus recommendation of “Hold” from the nineteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $163.00.
Several research firms have commented on RH. Wall Street Zen upgraded RH from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Telsey Advisory Group raised their price target on RH from $140.00 to $155.00 and gave the stock a “market perform” rating in a research report on Friday, September 11th. Stifel Nicolaus cut their price target on RH from $130.00 to $120.00 and set a “hold” rating on the stock in a research note on Monday, September 28th. Weiss Ratings raised RH from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, September 11th. Finally, TD Cowen reiterated a “buy” rating on shares of RH in a report on Tuesday, October 6th.
View Our Latest Research Report on RH
RH Stock Performance
RH opened at $131.17 on Wednesday. The business has a fifty day simple moving average of $130.34 and a 200 day simple moving average of $152.07. The company has a market capitalization of $2.48 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 2.82 and a beta of 1.92. The company has a debt-to-equity ratio of 26.57, a current ratio of 1.12 and a quick ratio of 0.37. RH has a 1 year low of $106.30 and a 1 year high of $239.40.
RH (NYSE:RH – Get Free Report) last posted its quarterly earnings data on Thursday, September 10th. The company reported $2.70 earnings per share for the quarter, topping the consensus estimate of $0.38 by $2.32. RH had a return on equity of 132.79% and a net margin of 3.23%. The business had revenue of $922.15 million for the quarter, compared to analysts’ expectations of $915.09 million. During the same quarter in the previous year, the firm earned $2.93 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. Research analysts expect that RH will post 5.19 EPS for the current year.
RH News Summary
Here are the key news stories impacting RH this week:
- Negative Sentiment: RH declined more than the market, indicating relative weakness among investors. RH declines more than market
Insider Activity at RH
In related news, Director Mark Demilio sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $132.00, for a total value of $132,000.00. Following the sale, the director directly owned 25,680 shares of the company’s stock, valued at $3,389,760. This trade represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 26.90% of the stock is currently owned by corporate insiders.
Institutional Trading of RH
A number of institutional investors and hedge funds have recently modified their holdings of RH. Belpointe Asset Management LLC increased its holdings in RH by 3.5% in the second quarter. Belpointe Asset Management LLC now owns 2,217 shares of the company’s stock valued at $365,000 after buying an additional 75 shares in the last quarter. D.B. Root & Company LLC lifted its holdings in RH by 0.9% during the 2nd quarter. D.B. Root & Company LLC now owns 8,413 shares of the company’s stock worth $1,386,000 after buying an additional 78 shares in the last quarter. 180 Wealth Advisors LLC lifted its holdings in shares of RH by 5.3% in the third quarter. 180 Wealth Advisors LLC now owns 1,743 shares of the company’s stock valued at $212,000 after purchasing an additional 88 shares in the last quarter. Parallel Advisors LLC lifted its holdings in RH by 24.7% during the 3rd quarter. Parallel Advisors LLC now owns 460 shares of the company’s stock worth $56,000 after purchasing an additional 91 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in RH by 3.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 3,170 shares of the company’s stock valued at $443,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.
RH Company Profile
RH, formerly known as Restoration Hardware, is a luxury home-furnishings company that curates and sells products for residential and hospitality interiors. Its offerings include furniture, lighting, textiles, rugs, bath and plumbing fixtures, outdoor furnishings, décor, and related design products.
The company markets its products through a multichannel platform that includes RH Galleries, smaller design galleries, outlet locations, catalogs, and its digital channels. RH also operates businesses such as Waterworks, which specializes in luxury kitchen and bath products, and provides interior-design services through its design professionals.
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