RH (NYSE:RH) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on RH, with 10 hold, 7 buy and 3 sell ratings. The average 12-month price target is $165.57, though targets range from $81 to $210 among recent updates.
• RH reported quarterly EPS of $2.70, significantly above the $0.38 consensus estimate, while revenue of $922.15 million modestly exceeded expectations and rose 2.6% year over year.
• Insiders sold $21.5 million of RH shares over the past 90 days, despite a director purchasing roughly $1.83 million in stock. Institutional investors and hedge funds own approximately 90.17% of the company.

Shares of RH (NYSE:RH - Get Free Report) have earned an average recommendation of "Hold" from the twenty analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $165.5714.

Several analysts recently weighed in on RH shares. UBS Group set a $190.00 price objective on RH in a report on Friday. Guggenheim reaffirmed a "buy" rating and set a $200.00 target price on shares of RH in a report on Friday. BNP Paribas Exane reiterated an "underperform" rating and issued a $81.00 target price (down from $90.00) on shares of RH in a research report on Friday. The Goldman Sachs Group upgraded 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 report on Wednesday, July 8th. Finally, Morgan Stanley lowered their price target on RH from $240.00 to $210.00 and set an "overweight" rating for the company in a report on Friday.

RH Stock Performance

Shares of RH stock opened at $134.59 on Tuesday. 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's fifty day moving average price is $165.63 and its two-hundred day moving average price is $149.42. The firm has a market capitalization of $2.55 billion, a P/E ratio of 23.95, a P/E/G ratio of 3.19 and a beta of 1.85. RH has a 12 month low of $106.30 and a 12 month high of $248.44.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings data on Thursday, September 10th. The company reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $2.32. The company had revenue of $922.15 million for the quarter, compared to the consensus estimate of $915.09 million. RH had a return on equity of 132.79% and a net margin of 3.23%.RH's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.93 EPS. On average, research analysts anticipate that RH will post 4.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other RH news, Director Carlos Alberini bought 11,388 shares of the company's stock in a transaction on Monday, June 29th. The shares were bought at an average cost of $160.90 per share, with a total value of $1,832,329.20. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark S. Demilio sold 3,102 shares of the firm's stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $144.00, for a total transaction of $446,688.00. Following the completion of the transaction, the director owned 25,830 shares in the company, valued at approximately $3,719,520. The trade was a 10.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 130,547 shares of company stock valued at $21,526,512 over the last 90 days. 26.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Belpointe Asset Management LLC boosted its stake in RH by 3.5% during the 2nd quarter. Belpointe Asset Management LLC now owns 2,217 shares of the company's stock valued at $365,000 after purchasing an additional 75 shares during the period. D.B. Root & Company LLC increased its stake in shares of RH by 0.9% in the second quarter. D.B. Root & Company LLC now owns 8,413 shares of the company's stock valued at $1,386,000 after purchasing an additional 78 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of RH by 3.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 3,170 shares of the company's stock valued at $443,000 after purchasing an additional 100 shares during the period. State of Michigan Retirement System raised its holdings in shares of RH by 2.8% during the first quarter. State of Michigan Retirement System now owns 3,715 shares of the company's stock valued at $519,000 after buying an additional 100 shares during the last quarter. Finally, Hilton Head Capital Partners LLC raised its holdings in shares of RH by 17.0% during the first quarter. Hilton Head Capital Partners LLC now owns 702 shares of the company's stock valued at $98,000 after buying an additional 102 shares during the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

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.

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