RH (NYSE:RH) Receives Average Recommendation of "Hold" from Brokerages

RH (NYSE:RH - Get Free Report) has earned a consensus recommendation of "Hold" from the sixteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $273.31.

RH has been the subject of several recent analyst reports. Wedbush lowered their price objective on shares of RH from $500.00 to $350.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 26th. The Goldman Sachs Group cut their price objective on shares of RH from $276.00 to $194.00 and set a "neutral" rating for the company in a research report on Monday. Loop Capital dropped their price target on RH from $450.00 to $190.00 and set a "hold" rating for the company in a research report on Friday, April 4th. Morgan Stanley decreased 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. Finally, Robert W. Baird lowered their target price on RH from $400.00 to $215.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd.

Institutional Investors Weigh In On RH

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of RH by 0.7% in the fourth quarter. FMR LLC now owns 2,790,314 shares of the company's stock worth $1,098,240,000 after buying an additional 18,040 shares in the last quarter. Vanguard Group Inc. increased its stake in RH by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 1,402,010 shares of the company's stock worth $551,817,000 after buying an additional 18,389 shares during the period. Anomaly Capital Management LP boosted its holdings in shares of RH by 9.6% in the fourth quarter. Anomaly Capital Management LP now owns 481,111 shares of the company's stock valued at $189,360,000 after purchasing an additional 41,986 shares during the period. Alliancebernstein L.P. raised its holdings in shares of RH by 1,960.8% in the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company's stock valued at $143,148,000 after acquiring an additional 346,050 shares in the last quarter. Finally, Senvest Management LLC raised its stake in RH by 35.6% in the fourth quarter. Senvest Management LLC now owns 315,368 shares of the company's stock worth $124,126,000 after buying an additional 82,742 shares in the last quarter. Institutional investors own 90.17% of the company's stock.

RH Stock Performance

Shares of NYSE RH traded up $2.90 during midday trading on Friday, reaching $191.92. The stock had a trading volume of 136,720 shares, compared to its average volume of 950,177. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 55.15, a price-to-earnings-growth ratio of 2.65 and a beta of 2.36. The company's 50 day moving average price is $206.50 and its 200 day moving average price is $320.11. RH has a twelve month low of $123.03 and a twelve month high of $457.26.

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

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.