RH (NYSE:RH) Shares Down 5.3% After Analyst Downgrade

RH (NYSE:RH - Get Free Report) fell 5.3% during 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 were traded during trading, an increase of 77% from the average session volume of 859,033 shares. The stock had previously closed at $164.48.

A number of other research analysts have also weighed in on the company. StockNews.com lowered RH from a "hold" rating to a "sell" rating in a report on Wednesday, March 19th. Loop Capital decreased their target price on shares of RH from $450.00 to $190.00 and set a "hold" rating on the stock in a report on Friday, April 4th. Telsey Advisory Group dropped their price objective on RH from $420.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, April 3rd. Wells Fargo & Company lowered their price target on shares of RH from $375.00 to $300.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Finally, Guggenheim reduced their target price on shares of RH from $500.00 to $300.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, RH currently has an average rating of "Hold" and a consensus price target of $283.94.

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Insider Activity at RH

In other news, insider Eri Chaya sold 25,000 shares of the firm's stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the chief accounting officer now directly owns 484 shares in the company, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,880 shares of company stock worth $24,550,754 over the last quarter. Company insiders own 28.10% of the company's stock.

Institutional Investors Weigh In On RH

Several hedge funds and other institutional investors have recently made changes to their positions in RH. Alliancebernstein L.P. lifted its holdings in RH by 1,960.8% during the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company's stock valued at $143,148,000 after buying an additional 346,050 shares in the last quarter. Norges Bank bought a new stake in shares of RH during the fourth quarter valued at approximately $54,314,000. Raymond James Financial Inc. purchased a new stake in shares of RH in the fourth quarter valued at approximately $52,190,000. Freestone Grove Partners LP bought a new position in RH in the fourth quarter worth approximately $44,744,000. Finally, American Century Companies Inc. increased its holdings 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 purchasing an additional 101,160 shares during the period. Hedge funds and other institutional investors own 90.17% of the company's stock.

RH Trading Down 4.2 %

The firm has a market capitalization of $3.09 billion, a P/E ratio of 47.36, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44. The stock has a 50-day simple moving average of $277.36 and a two-hundred day simple moving average of $339.84.

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

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.