Guggenheim Cuts RH (NYSE:RH) Price Target to $300.00

RH (NYSE:RH) had its price target reduced by Guggenheim from $500.00 to $300.00 in a report issued on Thursday morning,Benzinga reports. Guggenheim currently has a buy rating on the stock.

Several other analysts also recently issued reports on RH. Barclays reduced their price target on shares of RH from $515.00 to $436.00 and set an “overweight” rating on the stock in a report on Thursday. Robert W. Baird lowered their target price on RH from $400.00 to $215.00 and set a “neutral” rating on the stock in a report on Thursday. Telsey Advisory Group cut their price target on RH from $420.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday. Loop Capital increased their price objective on RH from $320.00 to $450.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Finally, The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and boosted their target price for the company from $261.00 to $374.00 in a research note on Thursday, January 30th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $293.81.

RH Price Performance

RH opened at $145.37 on Thursday. RH has a 1-year low of $123.03 and a 1-year high of $457.26. The stock has a market cap of $2.70 billion, a P/E ratio of 41.77, a P/E/G ratio of 2.65 and a beta of 2.44. The stock’s 50 day simple moving average is $312.06 and its 200 day simple moving average is $348.35.

RH (NYSE:RH) last announced its quarterly 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 firm had revenue of $812.41 million during the quarter, compared to analysts’ expectations of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 EPS. Research analysts expect that RH will post 4.39 EPS for the current fiscal year.

Insider Buying and Selling at RH

In other RH news, Director Keith Belling sold 500 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the completion of the sale, the director now directly owns 4,970 shares in the company, valued at $2,076,714.50. This represents a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $426.41, for a total value of $10,660,250.00. 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 in the last quarter. 28.10% of the stock is owned by insiders.

Institutional Investors Weigh In On RH

Several institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP raised its stake in shares of RH by 14.0% in the 4th quarter. Wellington Management Group LLP now owns 44,880 shares of the company’s stock valued at $17,664,000 after acquiring an additional 5,506 shares during the period. 111 Capital acquired a new stake in RH in the 4th quarter valued at $211,000. PKO Investment Management Joint Stock Co purchased a new position in RH in the fourth quarter valued at about $590,000. Copia Wealth Management acquired a new position in shares of RH during the fourth quarter worth about $106,000. Finally, Polar Asset Management Partners Inc. boosted its position in shares of RH by 321.4% in the fourth quarter. Polar Asset Management Partners Inc. now owns 17,700 shares of the company’s stock worth $6,967,000 after buying an additional 13,500 shares during the period. 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.