UBS Group Cuts RH (NYSE:RH) Price Target to $235.00

RH (NYSE:RH) had its price objective decreased by research analysts at UBS Group from $250.00 to $235.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 61.66% from the company’s previous close.

Several other research firms also recently commented on RH. Wedbush decreased their price objective on RH from $500.00 to $350.00 and set an “outperform” rating for the company in a report on Wednesday, March 26th. Barclays reduced their price objective on shares of RH from $515.00 to $436.00 and set an “overweight” rating for the company in a report on Thursday. Morgan Stanley lowered their target price on shares of RH from $530.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday. The Goldman Sachs Group raised 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. Finally, Robert W. Baird cut their target price on RH from $400.00 to $215.00 and set a “neutral” rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $293.81.

RH Stock Down 2.7 %

Shares of RH stock opened at $145.37 on Thursday. RH has a 52 week low of $123.03 and a 52 week high of $457.26. The firm has a 50 day moving average of $312.06 and a 200-day moving average of $348.23. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 41.77, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44.

RH (NYSE:RH) last announced its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.33). The company had revenue of $812.41 million for 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 revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 EPS. Analysts anticipate that RH will post 4.39 earnings per share for the current year.

Insider Buying and Selling at RH

In other news, insider Eri Chaya sold 25,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward T. Lee sold 600 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. Insiders have sold a total of 66,380 shares of company stock worth $28,922,379 over the last three months. 28.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Virtu Financial LLC bought a new stake in shares of RH during the third quarter valued at about $4,268,000. Invst LLC purchased a new stake in RH in the 3rd quarter worth approximately $752,000. Cerity Partners LLC boosted its holdings 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 purchasing an additional 1,506 shares during the period. Victory Capital Management Inc. grew its position in shares of RH by 0.9% during the 4th quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock valued at $19,949,000 after purchasing an additional 445 shares in the last quarter. Finally, L.M. Kohn & Company bought a new position in shares of RH in the fourth quarter worth $289,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

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.