RH (NYSE:RH) Trading Down 2.5%

RH (NYSE:RH - Get Free Report)'s stock price traded down 2.5% during trading on Wednesday . The company traded as low as $242.95 and last traded at $243.38. 83,520 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 731,310 shares. The stock had previously closed at $249.50.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RH shares. Telsey Advisory Group dropped their price objective on shares of RH from $320.00 to $290.00 and set a "market perform" rating for the company in a report on Friday, June 14th. Robert W. Baird cut their price objective on RH from $300.00 to $275.00 and set a "neutral" rating for the company in a research report on Friday, June 14th. Bank of America decreased their target price on RH from $375.00 to $325.00 and set a "buy" rating on the stock in a report on Friday, June 14th. TD Cowen decreased their price objective on shares of RH from $350.00 to $325.00 and set a "buy" rating on the stock in a report on Friday, June 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of RH from $329.00 to $345.00 and gave the stock an "overweight" rating in a research report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $310.46.

RH Price Performance

The business's 50-day moving average is $258.95 and its two-hundred day moving average is $269.89. The firm has a market cap of $4.44 billion, a P/E ratio of 66.71, a P/E/G ratio of 0.91 and a beta of 2.42.

RH (NYSE:RH - Get Free Report) last issued its earnings results on Thursday, June 13th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.32). The business had revenue of $726.96 million for the quarter, compared to the consensus estimate of $725.15 million. RH had a negative return on equity of 29.15% and a net margin of 2.72%. The business's revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.21 earnings per share. Equities research analysts predict that RH will post 8.15 EPS for the current year.

Insider Activity

In other RH news, Director Mark S. Demilio sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total transaction of $288,990.00. Following the transaction, the director now owns 11,991 shares in the company, valued at approximately $3,465,279.09. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other RH news, insider Eri Chaya sold 100,000 shares of RH stock in a transaction on Monday, May 6th. The shares were sold at an average price of $279.92, for a total value of $27,992,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark S. Demilio sold 1,000 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total transaction of $288,990.00. Following the completion of the sale, the director now owns 11,991 shares of the company's stock, valued at approximately $3,465,279.09. The disclosure for this sale can be found here. 28.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its stake in RH by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company's stock worth $231,728,000 after acquiring an additional 62,198 shares during the period. Senvest Management LLC grew its position in RH by 47.4% during the fourth quarter. Senvest Management LLC now owns 349,517 shares of the company's stock valued at $101,877,000 after buying an additional 112,455 shares during the period. Dimensional Fund Advisors LP raised its holdings in RH by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 265,035 shares of the company's stock worth $77,260,000 after purchasing an additional 15,312 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of RH by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 135,789 shares of the company's stock valued at $39,580,000 after acquiring an additional 7,334 shares during the period. Finally, Norges Bank purchased a new stake in shares of RH in the fourth quarter worth $38,736,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

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.