Brokerages Set RH (NYSE:RH) Target Price at $165.57

RH (NYSE:RH) has been assigned an average recommendation of “Hold” from the twenty brokerages that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $165.5714.

A number of equities research analysts have recently commented on RH shares. Citigroup upped their price objective on shares of RH from $150.00 to $166.00 and gave the company a “neutral” rating in a research note on Monday, June 15th. The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $86.00 to $155.00 in a research note on Wednesday, July 8th. TD Cowen dropped their target price on shares of RH from $220.00 to $190.00 and set a “buy” rating on the stock in a report on Friday, September 11th. Guggenheim reaffirmed a “buy” rating and set a $200.00 price target on shares of RH in a research report on Friday, September 11th. Finally, UBS Group set a $190.00 price target on RH in a report on Friday, September 11th.

RH Price Performance

Shares of RH opened at $127.89 on Tuesday. RH has a 1 year low of $106.30 and a 1 year high of $239.40. The company has a debt-to-equity ratio of 26.57, a current ratio of 1.12 and a quick ratio of 0.37. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 2.32 and a beta of 1.85. The business has a 50-day moving average of $161.85 and a 200-day moving average of $147.90.

RH (NYSE:RH) last announced its earnings results on Thursday, September 10th. The company reported $2.70 EPS for the quarter, beating the consensus estimate of $0.38 by $2.32. The business had revenue of $922.15 million for the quarter, compared to analysts’ expectations of $915.09 million. RH had a return on equity of 132.79% and a net margin of 3.23%.The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.93 earnings per share. As a group, equities research analysts anticipate that RH will post 5.45 earnings per share for the current year.

Key Headlines Impacting RH

Here are the key news stories impacting RH this week:

• Neutral Sentiment: There is no reported update on RH’s earnings, guidance, product launches, analyst ratings or corporate actions in the supplied news flow. As a result, the recent increase in RH shares appears more likely to reflect broader market activity, technical trading or investor positioning rather than a confirmed new fundamental catalyst.
• Neutral Sentiment: RH’s latest reported quarter remains the most relevant company-specific backdrop: revenue increased 2.6% year over year to approximately $922 million and earnings exceeded consensus estimates, although quarterly EPS declined from the prior-year period. Investors may continue to focus on demand in the luxury home-furnishings market, margins and the company’s outlook.

Insider Activity

In other RH news, Director Mark S. Demilio sold 2,445 shares of RH stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $168.44, for a total value of $411,835.80. Following the completion of the sale, the director directly owned 25,680 shares in the company, valued at approximately $4,325,539.20. The trade was a 8.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carlos Alberini purchased 11,388 shares of the company’s stock in a transaction on Monday, June 29th. The stock was acquired at an average cost of $160.90 per share, for a total transaction of $1,832,329.20. Following the completion of the purchase, the director owned 32,190 shares of the company’s stock, valued at approximately $5,179,371. This trade represents a 54.74% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 127,445 shares of company stock valued at $21,079,824 in the last ninety days. 26.90% of the stock is owned by company insiders.

Institutional Trading of RH

Several hedge funds have recently modified their holdings of RH. BlackRock Inc. boosted its stake in RH by 41.7% during the second quarter. BlackRock Inc. now owns 1,978,271 shares of the company’s stock worth $325,881,000 after acquiring an additional 581,710 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in RH by 4.4% in the second quarter. Alyeska Investment Group L.P. now owns 1,708,997 shares of the company’s stock worth $281,523,000 after purchasing an additional 72,674 shares during the period. Dimensional Fund Advisors LP increased its stake in RH by 33.2% in the first quarter. Dimensional Fund Advisors LP now owns 316,111 shares of the company’s stock valued at $44,193,000 after purchasing an additional 78,782 shares in the last quarter. Bank of New York Mellon Corp increased its stake in RH by 23.5% in the first quarter. Bank of New York Mellon Corp now owns 259,969 shares of the company’s stock valued at $36,349,000 after purchasing an additional 49,384 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of RH by 166.5% during the first quarter. Bank of America Corp DE now owns 238,681 shares of the company’s stock valued at $33,372,000 after purchasing an additional 149,127 shares during the period. Institutional investors own 90.17% of the company’s stock.

About RH

RH, formerly known as Restoration Hardware, is a luxury home-furnishings company that offers products for residential and hospitality interiors. Its collections include furniture, lighting, textiles, rugs, bath and hardware, outdoor furnishings, and decorative accessories across a range of design categories.

The company sells through a network of RH Galleries, outlet locations, source books and its digital platforms. Its galleries are designed as immersive retail spaces that showcase coordinated room settings and related collections.