RH (NYSE:RH) Given Consensus Recommendation of “Moderate Buy” by Analysts

RH (NYSE:RH) has received a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $421.73.

Several equities research analysts recently commented on the company. BNP Paribas restated an “underperform” rating and set a $253.00 target price on shares of RH in a research report on Wednesday, November 13th. Telsey Advisory Group upgraded RH from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $485.00 to $500.00 in a report on Thursday, December 19th. Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $435.00 to $530.00 in a research note on Monday, January 13th. Wells Fargo & Company increased their target price on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus lifted their price target on shares of RH from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, December 16th.

Insider Buying and Selling

In related news, Director Keith Belling sold 500 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00. Following the completion of the sale, the director now directly owns 5,470 shares of the company’s stock, valued at approximately $2,270,050. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Christina Hargarten sold 5,280 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the transaction, the chief accounting officer now directly owns 484 shares in the company, valued at approximately $216,444.80. This represents a 91.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,880 shares of company stock worth $29,129,879. 28.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RH

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Insight Advisors LLC PA raised its position in RH by 2.3% in the fourth quarter. Insight Advisors LLC PA now owns 1,449 shares of the company’s stock worth $571,000 after acquiring an additional 33 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of RH by 4.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock worth $250,000 after purchasing an additional 35 shares during the period. UMB Bank n.a. lifted its stake in RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares during the last quarter. Pacer Advisors Inc. lifted its stake in RH by 1.7% in the second quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock valued at $572,000 after purchasing an additional 40 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in RH by 4.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock valued at $296,000 after purchasing an additional 47 shares during the period. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Price Performance

RH stock opened at $423.11 on Thursday. The stock’s 50 day moving average is $402.49 and its 200 day moving average is $335.34. RH has a one year low of $212.43 and a one year high of $457.26. The firm has a market cap of $7.87 billion, a P/E ratio of 121.58, a P/E/G ratio of 10.14 and a beta of 2.43.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. During the same quarter last year, the firm posted ($0.42) EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities analysts anticipate that RH will post 4.37 earnings per share for the current fiscal year.

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.