RH (NYSE:RH) Stock Has Consensus Price Target of $164.86 According to Brokerages

Key Points

• Analysts maintain a “Hold” consensus on RH, with 3 sell, 9 hold, and 7 buy ratings. The average 12-month price target is $164.86, above the stock’s reported opening price of $117.23.
• Recent brokerage actions were mixed: Morgan Stanley cut its target to $210 while maintaining an overweight rating, Telsey raised its target to $155 with a market-perform rating, and Robert W. Baird lowered its target to $160 with a neutral rating.
• RH reported quarterly EPS of $2.70, exceeding the $0.38 analyst consensus, while revenue rose 2.6% year over year to $922.15 million. Institutional investors own approximately 90.17% of the company.

Shares of RH (NYSE:RH - Get Free Report) have been assigned a consensus recommendation of "Hold" from the nineteen ratings firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $164.86.

Several brokerages recently commented on RH. Morgan Stanley cut their target price on RH from $240.00 to $210.00 and set an "overweight" rating on the stock in a research report on Friday, September 11th. Telsey Advisory Group lifted their target price on RH from $140.00 to $155.00 and gave the stock a "market perform" rating in a report on Friday, September 11th. Robert W. Baird dropped their price target on RH from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Friday, September 11th. UBS Group set a $190.00 price target on RH in a report on Friday, September 11th. Finally, Wall Street Zen raised shares of RH from a "sell" rating to a "hold" rating in a research report on Saturday, September 12th.

Insider Transactions at RH

In related news, Director Mark Demilio sold 1,000 shares of the stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $132.00, for a total transaction of $132,000.00. Following the transaction, the director directly owned 25,680 shares of the company's stock, valued at $3,389,760. This represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 26.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RH

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

More RH News

Here are the key news stories impacting RH this week:

• Neutral Sentiment: Evacuations and preparations for Hurricane Isaias along the Gulf Coast could create temporary logistical or store-traffic disruptions for retailers in affected areas, but the reports do not mention RH directly. Hurricane Isaias live updates

RH Price Performance

Shares of NYSE RH opened at $117.23 on Friday. RH has a twelve month low of $106.30 and a twelve month high of $239.40. The firm has a fifty day simple moving average of $145.84 and a 200 day simple moving average of $146.14. The company has a market capitalization of $2.22 billion, a PE ratio of 20.86, a P/E/G ratio of 2.15 and a beta of 1.91. The company has a quick ratio of 0.37, a current ratio of 1.12 and a debt-to-equity ratio of 26.57.

RH (NYSE:RH - Get Free Report) last issued its quarterly earnings results on Thursday, September 10th. The company reported $2.70 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $2.32. RH had a net margin of 3.23% and a return on equity of 132.79%. The business had revenue of $922.15 million for the quarter, compared to analysts' expectations of $915.09 million. During the same quarter in the prior year, the firm posted $2.93 earnings per share. The business's quarterly revenue was up 2.6% compared to the same quarter last year. On average, sell-side analysts forecast that RH will post 5.30 EPS for the current year.

About RH

RH, formerly known as Restoration Hardware, is a luxury home-furnishings company that curates and sells products for residential and hospitality environments. Its offerings include furniture, lighting, textiles, rugs, bath and kitchen fixtures, outdoor furnishings, décor and related design products.

The company markets its products through a multichannel platform that includes large-format RH Galleries, outlet locations, source books, websites and trade services for professional designers.

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