Loop Capital Issues Pessimistic Forecast for RH (NYSE:RH) Stock Price

RH (NYSE:RH - Get Free Report) had its price objective lowered by Loop Capital from $450.00 to $190.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a "hold" rating on the stock. Loop Capital's target price points to a potential downside of 0.13% from the stock's previous close.

A number of other brokerages have also recently commented on RH. The Goldman Sachs Group upgraded RH from a "sell" rating to a "neutral" rating and upped their price target for the stock from $261.00 to $374.00 in a research report on Thursday, January 30th. UBS Group dropped their price target on RH from $250.00 to $235.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Robert W. Baird lowered their price target on RH from $400.00 to $215.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Stifel Nicolaus dropped their price target on RH from $500.00 to $450.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Finally, Guggenheim decreased their price objective on RH from $500.00 to $300.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $283.94.

RH Trading Up 27.4 %

NYSE:RH traded up $40.89 during trading hours on Friday, reaching $190.25. 7,565,993 shares of the company traded hands, compared to its average volume of 895,744. The business's 50-day moving average price is $296.11 and its two-hundred day moving average price is $344.37. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The stock has a market capitalization of $3.56 billion, a P/E ratio of 54.67, a P/E/G ratio of 2.65 and a beta of 2.44.

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

Insider Transactions at RH

In other RH news, insider Eri Chaya sold 25,000 shares of the company's stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward T. Lee sold 600 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $446.73, for a total transaction of $268,038.00. The disclosure for this sale can be found here. Insiders have sold a total of 55,880 shares of company stock valued at $24,550,754 over the last ninety days. Corporate insiders own 28.10% of the company's stock.

Institutional Investors Weigh In On RH

A number of hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. boosted its position in shares of RH by 1,960.8% in the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company's stock worth $143,148,000 after purchasing an additional 346,050 shares during the last quarter. Norges Bank bought a new stake in shares of RH in the 4th quarter valued at about $54,314,000. Raymond James Financial Inc. acquired a new stake in shares of RH in the 4th quarter valued at approximately $52,190,000. Freestone Grove Partners LP acquired a new stake in shares of RH in the 4th quarter valued at approximately $44,744,000. Finally, American Century Companies Inc. boosted its stake in RH by 2,227.7% during the 4th quarter. American Century Companies Inc. now owns 105,701 shares of the company's stock worth $41,603,000 after acquiring an additional 101,160 shares during the last quarter. Institutional investors own 90.17% of the company's stock.

RH Company Profile

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.