RH (NYSE:RH - Get Free Report) shares dropped 10.2% on Monday . The stock traded as low as $236.91 and last traded at $235.57. Approximately 328,811 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 617,832 shares. The stock had previously closed at $262.43.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus raised their price objective on shares of RH from $420.00 to $500.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. The Goldman Sachs Group upgraded shares of RH from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $261.00 to $374.00 in a report on Thursday, January 30th. Guggenheim increased their target price 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. Telsey Advisory Group raised RH from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $485.00 to $500.00 in a research report on Thursday, December 19th. Finally, Robert W. Baird upped their price target on RH from $300.00 to $400.00 and gave the company a "neutral" rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $431.60.
Check Out Our Latest Stock Report on RH
RH Trading Up 1.2 %
The stock has a market capitalization of $4.08 billion, a P/E ratio of 63.35, a P/E/G ratio of 2.65 and a beta of 2.50. The firm's fifty day moving average is $375.24 and its 200-day moving average is $352.32.
RH (NYSE:RH - Get Free Report) last announced its earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. During the same period in the previous year, the firm earned ($0.42) earnings per share. The firm's revenue was up 8.1% compared to the same quarter last year. Equities research analysts expect that RH will post 4.39 EPS for the current year.
Insider Activity
In other news, Director Keith Belling sold 500 shares of RH stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the completion of the sale, the director now owns 5,470 shares in the company, valued at $2,270,050. The trade was a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Eri Chaya sold 10,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The disclosure for this sale can be found here. Insiders have sold 66,880 shares of company stock valued at $29,129,879 over the last three months. 28.10% of the stock is owned by insiders.
Institutional Investors Weigh In On RH
A number of institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its holdings in RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company's stock worth $28,000 after buying an additional 70 shares during the last quarter. UMB Bank n.a. boosted its stake in RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company's stock worth $28,000 after acquiring an additional 39 shares during the last quarter. GAMMA Investing LLC grew its holdings in RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company's stock valued at $30,000 after purchasing an additional 64 shares during the period. Sunbelt Securities Inc. increased its stake in RH by 690.0% in the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock valued at $31,000 after purchasing an additional 69 shares in the last quarter. Finally, Rakuten Securities Inc. raised its holdings in RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock worth $44,000 after purchasing an additional 72 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.
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.
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