Brokerages Set RH (NYSE:RH) PT at $332.15

RH (NYSE:RH) has received an average rating of “Hold” from the fourteen analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $332.15.

Several research firms have recently issued reports on RH. Oppenheimer reissued a “market perform” rating on shares of RH in a research report on Monday, April 1st. Barclays raised their price target on shares of RH from $293.00 to $340.00 and gave the company an “equal weight” rating in a report on Monday, April 1st. Wells Fargo & Company raised their price target on shares of RH from $350.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. The Goldman Sachs Group raised their price target on shares of RH from $201.00 to $264.00 and gave the company a “sell” rating in a report on Monday, April 1st. Finally, Wedbush raised their price target on shares of RH from $275.00 to $320.00 and gave the company a “neutral” rating in a report on Thursday, March 28th.

RH Stock Performance

Shares of RH stock opened at $243.37 on Tuesday. RH has a one year low of $207.26 and a one year high of $406.38. The company has a 50 day moving average price of $276.18 and a 200 day moving average price of $267.12. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 43.69, a price-to-earnings-growth ratio of 2.74 and a beta of 2.46.

RH (NYSE:RH) last issued its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.99). RH had a negative return on equity of 777.61% and a net margin of 4.21%. The company had revenue of $738.26 million for the quarter, compared to analyst estimates of $777.50 million. During the same period last year, the company posted $2.88 EPS. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. As a group, equities analysts forecast that RH will post 9.08 EPS for the current fiscal year.

Insider Activity at RH

In related news, Director Mark S. Demilio sold 1,000 shares of RH stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total value of $288,990.00. Following the sale, the director now directly owns 11,991 shares in the company, valued at approximately $3,465,279.09. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other RH news, Director Mark S. Demilio sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total transaction of $288,990.00. Following the transaction, the director now owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the transaction, the director now directly owns 12,991 shares in the company, valued at approximately $4,004,086.02. The disclosure for this sale can be found here. 23.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RH

Several large investors have recently bought and sold shares of the stock. Xcel Wealth Management LLC grew its stake in shares of RH by 23.6% in the 3rd quarter. Xcel Wealth Management LLC now owns 89,208 shares of the company’s stock worth $23,583,000 after purchasing an additional 17,014 shares during the last quarter. GEM Asset Management LLC acquired a new position in shares of RH in the 3rd quarter worth approximately $370,000. Oak Thistle LLC acquired a new position in shares of RH in the 3rd quarter worth approximately $380,000. Handelsbanken Fonder AB grew its stake in shares of RH by 56.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 4,296 shares of the company’s stock worth $1,136,000 after purchasing an additional 1,545 shares during the last quarter. Finally, Raymond James & Associates grew its stake in shares of RH by 3.1% in the 3rd quarter. Raymond James & Associates now owns 9,095 shares of the company’s stock worth $2,404,000 after purchasing an additional 274 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

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.