RH (NYSE:RH) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of RH (NYSE:RH) have been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $423.27.

RH has been the topic of a number of recent analyst reports. Loop Capital raised their price target on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Stifel Nicolaus lifted their price target on RH from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, December 16th. StockNews.com raised RH from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Guggenheim raised their target price on RH from $425.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Wedbush reissued an “outperform” rating and issued a $500.00 price target on shares of RH in a report on Tuesday, February 18th.

RH Trading Down 1.8 %

NYSE RH opened at $221.30 on Friday. The firm has a market capitalization of $4.12 billion, a P/E ratio of 63.59, a PEG ratio of 2.65 and a beta of 2.50. The business has a fifty day simple moving average of $364.18 and a 200 day simple moving average of $352.64. RH has a 12 month low of $212.04 and a 12 month high of $457.26.

Insider Activity

In other RH news, CAO Christina Hargarten sold 5,280 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the transaction, the chief accounting officer now owns 484 shares in the company, valued at $216,444.80. This trade represents a 91.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Belling sold 500 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $417.85, for a total value of $208,925.00. Following the sale, the director now owns 4,970 shares in the company, valued at approximately $2,076,714.50. This represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,380 shares of company stock valued at $28,922,379 over the last quarter. Company insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

Several hedge funds have recently bought and sold shares of RH. FMR LLC boosted its holdings in RH by 0.7% in the 4th quarter. FMR LLC now owns 2,790,314 shares of the company’s stock valued at $1,098,240,000 after purchasing an additional 18,040 shares during the period. Vanguard Group Inc. grew its position in RH by 1.3% during the fourth 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 in the last quarter. Anomaly Capital Management LP grew its position in RH by 9.6% during the fourth quarter. Anomaly Capital Management LP now owns 481,111 shares of the company’s stock worth $189,360,000 after buying an additional 41,986 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of RH by 1,960.8% in the 4th 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 holdings in shares of RH by 35.6% in the 4th quarter. Senvest Management LLC now owns 315,368 shares of the company’s stock valued at $124,126,000 after acquiring an additional 82,742 shares in the last quarter. Hedge funds and other 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.