RH (NYSE:RH) Trading Down 5.3% on Analyst Downgrade

RH (NYSE:RHGet Free Report) traded down 5.3% during mid-day trading on Tuesday after Stifel Nicolaus lowered their price target on the stock from $450.00 to $390.00. Stifel Nicolaus currently has a buy rating on the stock. RH traded as low as $155.28 and last traded at $155.72. 1,518,314 shares traded hands during trading, an increase of 77% from the average session volume of 859,033 shares. The stock had previously closed at $164.48.

Other equities research analysts have also recently issued research reports about the company. UBS Group cut their target price on RH from $250.00 to $235.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Bank of America lowered shares of RH from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $410.00 to $130.00 in a report on Thursday, April 3rd. Morgan Stanley decreased their target price on shares of RH from $530.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. The Goldman Sachs Group set a $276.00 price target on shares of RH in a research report on Thursday, April 3rd. Finally, Telsey Advisory Group decreased their price objective on shares of RH from $420.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, April 3rd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $283.94.

Get Our Latest Research Report on RH

Insider Activity at RH

In other news, insider Edward T. Lee sold 600 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $446.73, for a total value of $268,038.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Eri Chaya sold 25,000 shares of RH stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,880 shares of company stock worth $24,550,754. Company insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in shares of RH during the 3rd quarter worth about $4,268,000. Invst LLC acquired a new stake in RH during the third quarter worth approximately $752,000. Victory Capital Management Inc. lifted its position in shares of RH by 0.9% during the 4th quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock worth $19,949,000 after buying an additional 445 shares during the last quarter. L.M. Kohn & Company acquired a new position in shares of RH in the 4th quarter valued at $289,000. Finally, Blankinship & Foster LLC purchased a new position in shares of RH in the 3rd quarter valued at $846,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Trading Up 27.4 %

The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 54.67, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44. The company’s 50 day moving average is $286.67 and its 200 day moving average is $342.22.

RH (NYSE:RHGet Free Report) last posted its earnings results on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). The firm had revenue of $812.41 million for the quarter, compared to analyst estimates of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. Analysts anticipate that RH will post 4.39 EPS for the current fiscal year.

RH Company Profile

(Get Free Report)

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.

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