Oppenheimer analyst Brian Nagel maintained a Hold rating on RH (RH) today. The company’s shares closed yesterday at $123.65.
“For some time, we have maintained a upbeat longer-term, but rather subdued nearer- term stance towards RH and its shares. As we have written, a seeming lack of internal disciplines and controls underpinned our nearer-term cautiousness towards RH. The much better-than-expected Q3 (Oct.) results and now significantly more upbeat guidance that RH outlined last night, continue a string of encouraging announcements from the company, and go a long way in helping us to much more constructively embrace nearer-term prospects for the brand. We are in the process of closely reviewing our RH financial model.”
According to TipRanks.com, Nagel is a 5-star analyst with an average return of 6.8% and a 59.8% success rate. Nagel covers the Services sector, focusing on stocks such as Weight Watchers International, Dick’s Sporting Goods, and Advance Auto Parts.
RH has an analyst consensus of Moderate Buy, with a price target consensus of $171.
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Based on RH’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $22.41 million. In comparison, last year the company had a net profit of $13.15 million.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is neutral on the stock.
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RH is a holding company which operates the business through its subsidiary Restoration Hardware, Inc. It offers furniture, lighting, textiles, bathware, decor, outdoor and garden, as well as baby and child products. The company operates an integrated business with multiple channels of distribution including galleries, source books and websites.