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

Shares of RH (NYSE:RH - Get Free Report) have been given a consensus rating of "Hold" by the sixteen analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $272.50.

Several research firms recently commented on RH. JPMorgan Chase & Co. decreased their target price on RH from $510.00 to $250.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. UBS Group cut their price target on RH from $235.00 to $215.00 and set a "neutral" rating on the stock in a report on Thursday, June 5th. Citigroup reiterated a "neutral" rating and issued a $200.00 price target (down previously from $437.00) on shares of RH in a report on Thursday, April 3rd. Morgan Stanley cut their price target on RH from $530.00 to $300.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Finally, Bank of America increased their price target on RH from $144.00 to $172.00 and gave the stock an "underperform" rating in a report on Wednesday, May 14th.

RH Price Performance

NYSE RH opened at $189.07 on Friday. The business has a 50 day simple moving average of $185.88 and a 200 day simple moving average of $286.44. RH has a one year low of $123.03 and a one year high of $457.26. The stock has a market capitalization of $3.54 billion, a P/E ratio of 45.02, a P/E/G ratio of 0.54 and a beta of 2.19.

RH (NYSE:RH - Get Free Report) last released its earnings results on Thursday, June 12th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.20. RH had a negative return on equity of 67.71% and a net margin of 2.57%. The business had revenue of $813.95 million during the quarter, compared to analysts' expectations of $817.66 million. During the same quarter last year, the firm posted ($0.40) earnings per share. The firm's revenue was up 12.0% on a year-over-year basis. Equities analysts expect that RH will post 4.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RH. CIBC Asset Management Inc bought a new stake in RH during the fourth quarter worth $219,000. Truist Financial Corp bought a new stake in RH during the fourth quarter worth $227,000. Private Advisor Group LLC bought a new stake in RH during the fourth quarter worth $267,000. Peregrine Asset Advisers Inc. bought a new stake in RH during the fourth quarter worth $995,000. Finally, World Equity Group Inc. lifted its holdings in RH by 90.2% during the fourth quarter. World Equity Group Inc. now owns 1,946 shares of the company's stock worth $766,000 after acquiring an additional 923 shares during the period. Institutional investors own 90.17% of the company's stock.

About RH

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.

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