RH (NYSE:RH) Given Average Recommendation of "Hold" by Brokerages

Shares of RH (NYSE:RH - Get Free Report) have earned an average rating of "Hold" from the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $275.94.

RH has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on RH from $510.00 to $250.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Morgan Stanley lowered their price objective on RH from $530.00 to $300.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Wells Fargo & Company lowered their price objective on RH from $375.00 to $300.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Loop Capital decreased their price target on RH from $450.00 to $190.00 and set a "hold" rating on the stock in a research note on Friday, April 4th. Finally, UBS Group decreased their price target on RH from $250.00 to $235.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd.

RH Stock Performance

RH traded down $3.00 during trading on Wednesday, reaching $181.14. The company's stock had a trading volume of 790,795 shares, compared to its average volume of 982,477. RH has a 52-week low of $123.03 and a 52-week high of $457.26. The company's fifty day moving average price is $189.43 and its 200-day moving average price is $304.89. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 52.05, a price-to-earnings-growth ratio of 2.65 and a beta of 2.36.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing analysts' consensus estimates of $1.91 by ($0.33). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business had revenue of $812.41 million during the quarter, compared to analysts' expectations of $828.21 million. During the same period in the prior year, the firm posted $0.72 EPS. RH's revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts predict that RH will post 4.39 earnings per share for the current year.

Institutional Investors Weigh In On RH

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AlphaQuest LLC acquired a new position in RH in the 1st quarter valued at $29,000. Sunbelt Securities Inc. raised its holdings in RH by 690.0% in the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock valued at $31,000 after acquiring an additional 69 shares during the last quarter. Rakuten Securities Inc. raised its holdings in RH by 180.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock valued at $44,000 after acquiring an additional 72 shares during the last quarter. GAMMA Investing LLC raised its holdings in RH by 146.1% in the 1st quarter. GAMMA Investing LLC now owns 187 shares of the company's stock valued at $44,000 after acquiring an additional 111 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of RH during the 1st quarter worth $45,000. Hedge funds and other institutional investors 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.