RH (NYSE:RH) Given Average Recommendation of “Hold” by Brokerages

RH (NYSE:RH) has earned an average rating of “Hold” from the sixteen analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $273.31.

A number of research firms have recently weighed in on RH. Loop Capital lowered their price target on RH from $450.00 to $190.00 and set a “hold” rating for the company in a report on Friday, April 4th. StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Morgan Stanley reduced their price target on shares of RH from $530.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. Robert W. Baird dropped their target price on shares of RH from $400.00 to $215.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Finally, UBS Group lowered their target price on RH from $250.00 to $235.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd.

RH Price Performance

Shares of RH stock opened at $188.77 on Friday. The company has a market capitalization of $3.54 billion, a PE ratio of 54.24, a price-to-earnings-growth ratio of 2.65 and a beta of 2.36. The firm’s 50-day moving average is $206.50 and its two-hundred day moving average is $320.11. RH has a 12 month low of $123.03 and a 12 month high of $457.26.

RH (NYSE:RH) last released its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). The business had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 earnings per share. Sell-side analysts forecast that RH will post 4.39 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RH. UMB Bank n.a. grew its holdings in RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after buying an additional 39 shares during the last quarter. Versant Capital Management Inc raised its stake in RH by 7,000.0% in the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after purchasing an additional 70 shares during the last quarter. GAMMA Investing LLC lifted its holdings in RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after purchasing an additional 64 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of RH by 690.0% during the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock worth $31,000 after purchasing an additional 69 shares during the last quarter. Finally, Rakuten Securities Inc. grew its holdings in shares of RH by 180.0% during the fourth 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. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.