Oppenheimer Holdings Inc. Reaffirms “Hold” Rating for RH (RH)
RH (NYSE:RH)‘s stock had its “hold” rating reaffirmed by investment analysts at Oppenheimer Holdings Inc. in a research note issued on Thursday.
RH has been the subject of several other reports. Goldman Sachs Group Inc downgraded shares of RH from a “conviction-buy” rating to a “buy” rating and set a $40.00 price target for the company. in a research note on Thursday, January 19th. Guggenheim reissued a “buy” rating and set a $45.00 target price on shares of RH in a research report on Tuesday, December 6th. Buckingham Research downgraded shares of RH from a “neutral” rating to an “underperform” rating in a research report on Tuesday, February 7th. Deutsche Bank AG set a $35.00 target price on shares of RH and gave the stock a “hold” rating in a research report on Friday, December 9th. Finally, Zacks Investment Research downgraded shares of RH from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 23rd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $40.47.
RH (NYSE:RH) opened at 47.81 on Thursday. RH has a one year low of $24.41 and a one year high of $48.91. The company’s 50-day moving average price is $40.16 and its 200-day moving average price is $33.06. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 367.77 and a beta of 1.57.
RH (NYSE:RH) last posted its quarterly earnings results on Tuesday, March 28th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.03. RH had a net margin of 1.33% and a return on equity of 7.09%. The firm earned $586.70 million during the quarter, compared to the consensus estimate of $585 million. During the same period in the previous year, the firm posted $0.98 earnings per share. The business’s revenue was down 9.3% compared to the same quarter last year. On average, analysts anticipate that RH will post $2.09 EPS for the current year.
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Several institutional investors have recently modified their holdings of RH. Advisory Services Network LLC raised its position in shares of RH by 7.6% in the third quarter. Advisory Services Network LLC now owns 4,250 shares of the company’s stock worth $147,000 after buying an additional 300 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of RH during the first quarter worth approximately $195,000. Advisor Group Inc. raised its position in shares of RH by 12.8% in the third quarter. Advisor Group Inc. now owns 5,908 shares of the company’s stock worth $203,000 after buying an additional 672 shares during the last quarter. Spears Abacus Advisors LLC bought a new position in shares of RH during the third quarter worth approximately $213,000. Finally, Cipher Capital LP bought a new position in shares of RH during the fourth quarter worth approximately $214,000.
RH Company Profile
RH, formerly Restoration Hardware Holdings, Inc, is a luxury retailer in the home furnishings marketplace. The Company offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. The Company classifies its sales into furniture and non-furniture product lines.
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