RH (NYSE:RH) Receives Average Recommendation of “Hold” from Brokerages

by · The Markets Daily

Shares of RH (NYSE:RH – Get Free Report) have received an average rating of “Hold” from the sixteen analysts that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $271.56.

RH has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price target 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. Robert W. Baird increased their price objective on shares of RH from $215.00 to $230.00 and gave the stock a “neutral” rating in a research report on Monday, June 16th. Citigroup reissued a “neutral” rating and issued a $200.00 price objective (down previously from $437.00) on shares of RH in a research report on Thursday, April 3rd. The Goldman Sachs Group lowered shares of RH from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $199.00 to $179.00 in a research report on Tuesday. Finally, Bank of America increased their price objective on shares of RH from $144.00 to $172.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 14th.

Get Our Latest Stock Analysis on RH

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Sunbelt Securities Inc. lifted its position in RH by 690.0% in the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock valued at $31,000 after purchasing an additional 69 shares during the last quarter. Rakuten Securities Inc. raised its position in shares of RH by 180.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock worth $44,000 after buying an additional 72 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of RH during the 1st quarter worth about $29,000. GAMMA Investing LLC raised its position in shares of RH by 146.1% during the 1st quarter. GAMMA Investing LLC now owns 187 shares of the company’s stock worth $44,000 after buying an additional 111 shares in the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of RH during the 1st quarter worth about $45,000. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Stock Up 3.2%

NYSE:RH opened at $192.91 on Friday. The company has a market cap of $3.61 billion, a P/E ratio of 45.93, a P/E/G ratio of 0.53 and a beta of 2.19. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The firm’s 50 day moving average is $188.15 and its two-hundred day moving average is $281.75.

RH (NYSE:RH – Get Free Report) last posted its quarterly earnings results on Thursday, June 12th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.20. The company 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%. RH’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.40) earnings per share. Research analysts forecast that RH will post 4.39 earnings per share for the current fiscal year.

RH Company Profile

(Get Free Report

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.

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