RH (NYSE:RH) Receives Average Rating of “Buy” from Analysts

RH (NYSE:RHGet Rating) has received an average recommendation of “Buy” from the eighteen analysts that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $466.20.

A number of equities research analysts have commented on the company. Gordon Haskett lowered RH from an “accumulate” rating to a “hold” rating in a research report on Friday, May 6th. The Goldman Sachs Group decreased their price objective on RH from $466.00 to $308.00 and set a “neutral” rating for the company in a research report on Monday, June 6th. Wells Fargo & Company decreased their price objective on RH from $500.00 to $400.00 and set an “overweight” rating for the company in a research report on Friday, June 3rd. Guggenheim decreased their price objective on RH from $825.00 to $600.00 and set a “buy” rating for the company in a research report on Wednesday, March 30th. Finally, Barclays decreased their price objective on RH from $528.00 to $400.00 and set an “overweight” rating for the company in a research report on Monday, June 6th.

Shares of RH stock opened at $245.44 on Friday. The stock has a 50-day simple moving average of $301.12 and a 200 day simple moving average of $387.99. RH has a fifty-two week low of $227.26 and a fifty-two week high of $744.56. The stock has a market capitalization of $6.06 billion, a P/E ratio of 8.17, a P/E/G ratio of 0.82 and a beta of 2.20. The company has a quick ratio of 1.90, a current ratio of 2.50 and a debt-to-equity ratio of 1.97.

RH (NYSE:RHGet Rating) last released its quarterly earnings results on Thursday, June 2nd. The company reported $7.78 earnings per share for the quarter, beating analysts’ consensus estimates of $5.40 by $2.38. RH had a return on equity of 77.40% and a net margin of 19.68%. The business had revenue of $957.00 million during the quarter, compared to analyst estimates of $924.76 million. During the same quarter last year, the company posted $4.89 EPS. RH’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, sell-side analysts anticipate that RH will post 28.99 earnings per share for the current year.

In related news, Director Hilary K. Krane sold 138 shares of the business’s stock in a transaction on Thursday, March 31st. The stock was sold at an average price of $328.93, for a total value of $45,392.34. Following the sale, the director now owns 7,116 shares of the company’s stock, valued at approximately $2,340,665.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Edward T. Lee sold 400 shares of the business’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of $349.28, for a total value of $139,712.00. Following the completion of the sale, the insider now directly owns 2,624 shares in the company, valued at approximately $916,510.72. The disclosure for this sale can be found here. Insiders have sold a total of 486,419 shares of company stock worth $154,870,241 in the last three months. 23.40% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. D1 Capital Partners L.P. increased its holdings in RH by 32.8% in the fourth quarter. D1 Capital Partners L.P. now owns 1,286,235 shares of the company’s stock valued at $689,345,000 after purchasing an additional 318,000 shares during the last quarter. Lone Pine Capital LLC increased its holdings in RH by 24.3% in the fourth quarter. Lone Pine Capital LLC now owns 1,603,888 shares of the company’s stock valued at $859,588,000 after purchasing an additional 313,268 shares during the last quarter. Select Equity Group L.P. increased its holdings in RH by 169.3% in the fourth quarter. Select Equity Group L.P. now owns 423,889 shares of the company’s stock valued at $227,179,000 after purchasing an additional 266,464 shares during the last quarter. Third Point LLC increased its holdings in RH by 78.3% in the fourth quarter. Third Point LLC now owns 535,000 shares of the company’s stock valued at $286,728,000 after purchasing an additional 235,000 shares during the last quarter. Finally, Norges Bank bought a new stake in RH in the fourth quarter valued at about $85,121,000. Institutional investors own 96.27% of the company’s stock.

About RH (Get Rating)

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

Further Reading

Analyst Recommendations for RH (NYSE:RH)

Want More Great Investing Ideas?

Receive News & Ratings for RH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RH and related companies with MarketBeat.com's FREE daily email newsletter.