Brokerages Set RH (NYSE:RH) PT at $580.75

Shares of RH (NYSE:RH) have been given a consensus rating of “Buy” by the twenty brokerages that are presently covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $644.53.

Several research analysts have recently issued reports on RH shares. Gordon Haskett upgraded RH from a “hold” rating to an “accumulate” rating and raised their price objective for the stock from $550.00 to $750.00 in a research note on Thursday. Jefferies Financial Group upgraded RH from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $335.00 to $500.00 in a research note on Friday, March 26th. Barclays raised their price objective on RH from $562.00 to $675.00 and gave the stock an “overweight” rating in a research note on Friday, March 26th. Cowen raised their price objective on RH from $600.00 to $680.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 14th. Finally, JPMorgan Chase & Co. raised their price objective on RH from $750.00 to $770.00 and gave the stock an “overweight” rating in a research note on Thursday.

Shares of NYSE RH opened at $707.14 on Tuesday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.28 and a current ratio of 0.87. The firm has a market capitalization of $14.85 billion, a P/E ratio of 74.51, a PEG ratio of 1.98 and a beta of 2.50. The business has a 50-day simple moving average of $641.94. RH has a fifty-two week low of $226.82 and a fifty-two week high of $733.05.

RH (NYSE:RH) last issued its quarterly earnings results on Tuesday, June 8th. The company reported $4.89 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.69. The business had revenue of $860.79 million during the quarter, compared to the consensus estimate of $757.74 million. RH had a return on equity of 207.69% and a net margin of 9.54%. The company’s quarterly revenue was up 82.0% on a year-over-year basis. During the same quarter last year, the company earned $1.27 earnings per share. On average, analysts expect that RH will post 20.92 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of RH. Harbour Investments Inc. acquired a new stake in RH in the first quarter valued at approximately $26,000. Semmax Financial Advisors Inc. acquired a new stake in shares of RH in the first quarter worth approximately $27,000. Meridian Wealth Partners LLC acquired a new stake in shares of RH in the first quarter worth approximately $27,000. TCI Wealth Advisors Inc. boosted its stake in shares of RH by 122.2% in the first quarter. TCI Wealth Advisors Inc. now owns 60 shares of the company’s stock worth $36,000 after acquiring an additional 33 shares during the last quarter. Finally, First Horizon Advisors Inc. acquired a new stake in shares of RH in the first quarter worth approximately $41,000. 96.07% of the stock is currently owned by institutional investors.

RH Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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Analyst Recommendations for RH (NYSE:RH)

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