RH (NYSE:RH) Receives $278.44 Average Price Target from Analysts

Shares of RH (NYSE:RH) have received a consensus rating of “Hold” from the sixteen brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $273.31.

Several equities analysts have recently issued reports on the company. Barclays decreased their price target on RH from $515.00 to $436.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. Bank of America downgraded RH from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $410.00 to $130.00 in a research note on Thursday, April 3rd. Stifel Nicolaus reduced 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. Loop Capital lowered their price objective on shares of RH from $450.00 to $190.00 and set a “hold” rating for the company in a research report on Friday, April 4th. Finally, UBS Group cut their target price on shares of RH from $250.00 to $235.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd.

Hedge Funds Weigh In On RH

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG raised its holdings in RH by 2.2% during the 1st quarter. Deutsche Bank AG now owns 9,674 shares of the company’s stock worth $2,268,000 after purchasing an additional 210 shares during the last quarter. Altfest L J & Co. Inc. grew its holdings in RH by 37.7% during the 1st quarter. Altfest L J & Co. Inc. now owns 3,095 shares of the company’s stock worth $725,000 after acquiring an additional 848 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of RH by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 190,843 shares of the company’s stock worth $44,736,000 after acquiring an additional 3,144 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of RH by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,409,962 shares of the company’s stock valued at $330,509,000 after purchasing an additional 7,952 shares during the period. Finally, Blair William & Co. IL boosted its position in shares of RH by 20.9% during the 1st quarter. Blair William & Co. IL now owns 19,363 shares of the company’s stock valued at $4,539,000 after purchasing an additional 3,349 shares in the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Stock Down 1.1 %

RH opened at $194.38 on Friday. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 55.86, a P/E/G ratio of 2.65 and a beta of 2.36. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The company has a 50-day simple moving average of $202.35 and a 200 day simple moving average of $318.09.

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

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.