RH (NYSE:RH) Receives $270.35 Consensus Price Target from Brokerages

Key Points

• RH has received a consensus rating of "Hold" from various brokerages, with three analysts rating it as a sell, four as hold, and ten as buy.
• The average price target for RH stock among analysts is currently $270.35, which reflects recent adjustments in price objectives from several firms.
• In its latest earnings report, RH surpassed estimates with an EPS of $0.13, a significant improvement compared to last year's EPS of ($0.40), and revenue increased by 12% year-over-year.

RH (NYSE:RH - Get Free Report) has earned a consensus recommendation of "Hold" from the seventeen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $270.3529.

RH has been the subject of a number of recent research reports. Zelman & Associates lowered their price objective on shares of RH from $305.00 to $251.00 and set an "outperform" rating for the company in a report on Wednesday, July 9th. Wall Street Zen upgraded shares of RH from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. The Goldman Sachs Group lowered shares of RH from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $199.00 to $179.00 in a report on Tuesday, June 24th. Robert W. Baird boosted their price objective on shares of RH from $215.00 to $230.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Finally, Bank of America boosted their price objective on shares of RH from $144.00 to $172.00 and gave the stock an "underperform" rating in a report on Wednesday, May 14th.

Institutional Investors Weigh In On RH

A number of institutional investors have recently added to or reduced their stakes in RH. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of RH in the second quarter valued at $26,000. AlphaQuest LLC purchased a new position in shares of RH in the first quarter valued at $29,000. Farther Finance Advisors LLC grew its holdings in shares of RH by 67.8% in the second quarter. Farther Finance Advisors LLC now owns 151 shares of the company's stock valued at $29,000 after purchasing an additional 61 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of RH by 690.0% in the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock valued at $31,000 after purchasing an additional 69 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of RH by 53.8% in the second quarter. UMB Bank n.a. now owns 180 shares of the company's stock valued at $34,000 after purchasing an additional 63 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Stock Up 4.2%

NYSE RH traded up $9.93 during trading hours on Monday, reaching $247.22. 870,362 shares of the company were exchanged, compared to its average volume of 1,316,764. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The business's 50 day simple moving average is $199.41 and its 200-day simple moving average is $233.66. The stock has a market capitalization of $4.63 billion, a P/E ratio of 59.05, a P/E/G ratio of 0.62 and a beta of 2.16.

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