RH (NYSE:RH) Sets New 12-Month Low - What's Next?

RH (NYSE:RH - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $212.04 and last traded at $214.47, with a volume of 942547 shares changing hands. The stock had previously closed at $241.02.

Analyst Ratings Changes

Several research firms recently weighed in on RH. Wells Fargo & Company increased their target price on RH from $425.00 to $500.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. Wedbush reissued an "outperform" rating and issued a $500.00 target price on shares of RH in a research report on Tuesday, February 18th. Robert W. Baird upped their price target on shares of RH from $300.00 to $400.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Telsey Advisory Group raised shares of RH from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $485.00 to $500.00 in a research note on Thursday, December 19th. Finally, Guggenheim boosted their price objective on shares of RH from $425.00 to $550.00 and gave the company a "buy" rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $431.60.

RH Stock Down 10.1 %

The firm's 50 day moving average price is $378.81 and its two-hundred day moving average price is $353.27. The firm has a market capitalization of $4.03 billion, a PE ratio of 62.25, a P/E/G ratio of 2.65 and a beta of 2.50.

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RH (NYSE:RH - Get Free Report) last posted its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts' consensus estimates of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The firm had revenue of $811.73 million during the quarter, compared to analysts' expectations of $812.19 million. During the same period in the previous year, the company earned ($0.42) earnings per share. The business's quarterly revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts anticipate that RH will post 4.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other RH news, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the transaction, the chief accounting officer now directly owns 484 shares in the company, valued at $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Keith Belling sold 500 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the transaction, the director now owns 5,470 shares of the company's stock, valued at $2,270,050. This represents a 8.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,880 shares of company stock valued at $29,129,879 in the last ninety days. Corporate insiders own 28.10% of the company's stock.

Institutional Trading of RH

Several hedge funds have recently added to or reduced their stakes in RH. Alliancebernstein L.P. raised its stake 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 buying an additional 346,050 shares in the last quarter. Norges Bank acquired a new stake in RH during the 4th quarter worth about $54,314,000. Raymond James Financial Inc. purchased a new position in RH during the 4th quarter worth approximately $52,190,000. Freestone Grove Partners LP acquired a new position in RH during the fourth quarter valued at $44,744,000. Finally, American Century Companies Inc. boosted its position 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 period. Institutional investors own 90.17% of the company's stock.

About RH

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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