Brokerages Set RH (RH) Price Target at $81.93

RH (NYSE:RH) has been assigned a consensus recommendation of “Hold” from the twenty-three brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $81.93.

RH has been the subject of several research analyst reports. Loop Capital upgraded RH from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Thursday, January 11th. Citigroup lifted their price target on RH from $1.37 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research upgraded RH from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Friday, March 16th. Barclays lifted their price target on RH from $65.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 6th. Finally, Stifel Nicolaus reduced their price target on RH from $100.00 to $75.00 and set a “hold” rating for the company in a research report on Wednesday, December 6th.

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Shares of RH stock traded down $0.27 during trading hours on Wednesday, hitting $77.70. The stock had a trading volume of 1,118,653 shares, compared to its average volume of 954,514. RH has a 1 year low of $35.62 and a 1 year high of $109.53. The stock has a market capitalization of $1,661.54, a PE ratio of 194.25, a price-to-earnings-growth ratio of 0.70 and a beta of 1.76. The company has a debt-to-equity ratio of -48.40, a quick ratio of 0.28 and a current ratio of 1.47.

Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of RH by 1.7% in the fourth quarter. BlackRock Inc. now owns 2,420,683 shares of the company’s stock worth $208,686,000 after acquiring an additional 40,415 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in RH by 133.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,500,067 shares of the company’s stock worth $129,321,000 after buying an additional 858,014 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in RH by 25.3% during the fourth quarter. TIAA CREF Investment Management LLC now owns 201,668 shares of the company’s stock worth $17,386,000 after buying an additional 40,783 shares during the last quarter. Bogle Investment Management L P DE acquired a new position in RH during the fourth quarter worth $14,569,000. Finally, Geode Capital Management LLC boosted its stake in RH by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 160,591 shares of the company’s stock worth $13,844,000 after buying an additional 591 shares during the last quarter.

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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, d├ęcor, outdoor and garden, tableware, and child and teen furnishings. It provides its products through its retail galleries and Source Books, as well as online through rh.com, rhmodern.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and waterworks.com Websites.

Analyst Recommendations for RH (NYSE:RH)

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