RH (RH) – What Are Researchers Thinking About This Stock?

RH (NYSE:RH) has been assigned a consensus recommendation of “Hold” from the nineteen research firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $164.86.

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group upgraded shares of RH from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $86.00 to $155.00 in a research note on Wednesday, July 8th. Robert W. Baird reduced their price objective on RH from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, September 11th. Stifel Nicolaus decreased their target price on shares of RH from $130.00 to $120.00 and set a “hold” rating for the company in a report on Monday, September 28th. UBS Group set a $190.00 price target on RH in a report on Friday, September 11th. Finally, Morgan Stanley lowered their target price on RH from $240.00 to $210.00 and set an “overweight” rating on the stock in a research note on Friday, September 11th.

RH Stock Down 4.6%

RH opened at $110.49 on Friday. RH has a 12 month low of $106.30 and a 12 month high of $239.40. The company has a debt-to-equity ratio of 26.57, a current ratio of 1.12 and a quick ratio of 0.37. The stock has a market cap of $2.09 billion, a P/E ratio of 29.19, a P/E/G ratio of 2.22 and a beta of 1.91. The stock’s 50 day moving average price is $141.57 and its 200 day moving average price is $145.86.

RH (NYSE:RH) last announced its earnings results on Thursday, September 10th. The company reported $2.70 earnings per share for the quarter, beating the consensus estimate of $0.38 by $2.32. RH had a return on equity of 132.79% and a net margin of 3.23%. The firm had revenue of $922.15 million for the quarter, compared to the consensus estimate of $915.09 million. During the same quarter in the previous year, the business earned $2.93 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, research analysts predict that RH will post 5.23 earnings per share for the current year.

Key Stories Impacting RH

Here are the key news stories impacting RH this week:

• Neutral Sentiment: The institutional-buying report concerns CRH PLC (NYSE: CRH), not RH. MATHER GROUP added 73,419 CRH shares, while other institutions showed mixed buying and selling activity; this does not affect RH. CRH institutional holdings report
• Neutral Sentiment: The other submitted articles cover unrelated companies, including Reliance Jio, Comfort Systems USA, Stitch Fix, and Foresight Autonomous Holdings, and offer no new information about RH’s operations, earnings, guidance, or management.
• Negative Sentiment: With no fresh RH announcement identified, the decline appears more likely related to market positioning, technical selling, or investor caution. RH is trading well below its 50-day and 200-day moving averages, and trading volume is above its recent average, suggesting elevated selling pressure.

Insider Buying and Selling at RH

In other news, Director Mark Demilio sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $132.00, for a total value of $132,000.00. Following the transaction, the director directly owned 25,680 shares of the company’s stock, valued at approximately $3,389,760. This represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 26.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of RH by 41.7% during the 2nd quarter. BlackRock Inc. now owns 1,978,271 shares of the company’s stock worth $325,881,000 after purchasing an additional 581,710 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of RH by 4.4% during the 2nd quarter. Alyeska Investment Group L.P. now owns 1,708,997 shares of the company’s stock valued at $281,523,000 after buying an additional 72,674 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of RH by 33.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 316,111 shares of the company’s stock valued at $44,193,000 after buying an additional 78,782 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of RH by 23.5% in the 1st quarter. Bank of New York Mellon Corp now owns 259,969 shares of the company’s stock valued at $36,349,000 after buying an additional 49,384 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of RH by 166.5% in the 1st quarter. Bank of America Corp DE now owns 238,681 shares of the company’s stock valued at $33,372,000 after buying an additional 149,127 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

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.