RH (NYSE:RH - Get Free Report) had its price target cut by research analysts at Guggenheim from $500.00 to $300.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Guggenheim's target price indicates a potential upside of 102.21% from the stock's current price.
Other equities analysts have also issued research reports about the company. Wells Fargo & Company reduced their price objective on RH from $500.00 to $375.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. Morgan Stanley reduced their price target 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. Wedbush lowered their price objective on shares of RH from $500.00 to $350.00 and set an "outperform" rating for the company in a research report on Wednesday, March 26th. Robert W. Baird reduced their target price on shares of RH from $400.00 to $215.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, Telsey Advisory Group lowered their price target on shares of RH from $420.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, April 3rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, RH has a consensus rating of "Hold" and an average price target of $283.94.
Get Our Latest Research Report on RH
RH Stock Performance
Shares of NYSE:RH traded down $16.12 on Thursday, hitting $148.36. The stock had a trading volume of 2,482,912 shares, compared to its average volume of 862,928. The firm's 50 day moving average price is $307.12 and its 200-day moving average price is $347.14. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 41.92, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44.
RH (NYSE:RH - Get Free Report) last released its quarterly 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 during the quarter, compared to analyst estimates of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. RH's quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 earnings per share. As a group, sell-side analysts predict that RH will post 4.39 EPS for the current year.
Insiders Place Their Bets
In other RH news, CAO Christina Hargarten sold 5,280 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the sale, the chief accounting officer now directly owns 484 shares in the company, valued at approximately $216,444.80. This trade represents a 91.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Edward T. Lee sold 600 shares of the company's stock in a transaction that occurred on 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 sold 55,880 shares of company stock worth $24,550,754 over the last ninety days. 28.10% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of RH. Virtu Financial LLC acquired a new position in RH during the 3rd quarter worth approximately $4,268,000. Invst LLC bought a new position in RH in the third quarter valued at $752,000. Cerity Partners LLC increased its stake in RH by 139.7% in the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company's stock valued at $864,000 after buying an additional 1,506 shares during the last quarter. Victory Capital Management Inc. lifted its position in 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 in the last quarter. Finally, L.M. Kohn & Company acquired a new position in shares of RH during the 4th quarter worth about $289,000. 90.17% of the stock is currently owned by institutional investors.
About RH
(
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.
Featured Stories
Before you consider RH, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RH wasn't on the list.
While RH currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
