RH (NYSE:RH) Receives $431.60 Average PT from Analysts

Shares of RH (NYSE:RH - Get Free Report) have received an average rating of "Moderate Buy" from the sixteen research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $431.60.

A number of research analysts have commented on RH shares. Telsey Advisory Group upgraded RH from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $485.00 to $500.00 in a research note on Thursday, December 19th. The Goldman Sachs Group upgraded RH from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $261.00 to $374.00 in a report on Thursday, January 30th. Barclays raised shares of RH from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. Wedbush restated an "outperform" rating and set a $500.00 price target on shares of RH in a research note on Tuesday. Finally, Morgan Stanley raised shares of RH from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $435.00 to $530.00 in a research note on Monday, January 13th.

RH Stock Performance

NYSE:RH traded down $7.59 during trading hours on Monday, hitting $380.66. 455,136 shares of the company's stock traded hands, compared to its average volume of 528,757. The stock's fifty day moving average price is $409.16 and its two-hundred day moving average price is $348.84. The firm has a market cap of $7.08 billion, a P/E ratio of 109.39, a P/E/G ratio of 2.78 and a beta of 2.42. RH has a twelve month low of $212.43 and a twelve month high of $457.26.

RH (NYSE:RH - Get Free Report) last issued its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts' consensus estimates of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. During the same quarter in the prior year, the company earned ($0.42) EPS. RH's revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts predict that RH will post 4.37 earnings per share for the current year.

Insider Transactions at RH

In other news, Director Keith Belling sold 500 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00. Following the sale, the director now directly owns 5,470 shares in the company, valued at approximately $2,270,050. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Edward T. Lee sold 600 shares of the company's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. Insiders sold a total of 66,880 shares of company stock worth $29,129,879 over the last three months. 28.10% of the stock is currently owned by insiders.

Institutional Trading of RH

Several institutional investors have recently made changes to their positions in the business. Alliancebernstein L.P. lifted its stake in RH by 1,960.8% during the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company's stock worth $143,148,000 after purchasing an additional 346,050 shares during the period. Norges Bank bought a new position in RH during the 4th quarter valued at about $54,314,000. Raymond James Financial Inc. acquired a new position in RH in the fourth quarter valued at about $52,190,000. Freestone Grove Partners LP bought a new stake in RH during the fourth quarter worth about $44,744,000. Finally, American Century Companies Inc. increased its holdings in shares of RH by 2,227.7% during the fourth quarter. American Century Companies Inc. now owns 105,701 shares of the company's stock worth $41,603,000 after buying an additional 101,160 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.