RH (NYSE:RH) Price Target Lowered to $436.00 at Barclays

RH (NYSE:RH) had its price objective trimmed by Barclays from $515.00 to $436.00 in a research report report published on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also recently issued reports on RH. Citigroup reiterated a “neutral” rating and set a $200.00 target price (down previously from $437.00) on shares of RH in a research report on Thursday. Guggenheim dropped their price objective on shares of RH from $550.00 to $500.00 and set a “buy” rating for the company in a report on Wednesday, March 26th. Telsey Advisory Group reduced their target price on RH from $420.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday. Bank of America dropped their price target on RH from $510.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday, March 26th. Finally, Robert W. Baird reduced their price objective on RH from $400.00 to $215.00 and set a “neutral” rating on the stock in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $293.81.

RH Trading Down 2.7 %

NYSE 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 company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 41.77, a PEG ratio of 2.65 and a beta of 2.44. The stock’s 50 day moving average is $312.06 and its two-hundred day moving average is $348.35.

RH (NYSE:RH) last announced its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.33). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. During the same period in the prior year, the firm earned $0.72 EPS. RH’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that RH will post 4.39 earnings per share for the current year.

Insider Activity at RH

In other news, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the transaction, the chief accounting officer now owns 484 shares in the company, valued at $216,444.80. The trade was a 91.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Eri Chaya sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were 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 66,380 shares of company stock worth $28,922,379 in the last ninety days. Company insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its stake in RH by 7,000.0% in the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after purchasing an additional 70 shares during the period. UMB Bank n.a. lifted its holdings in shares of RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of RH by 533.3% in 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 in the last quarter. Sunbelt Securities Inc. boosted its position in shares of RH by 690.0% during the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock worth $31,000 after buying an additional 69 shares during the period. Finally, Rakuten Securities Inc. grew its holdings in shares of RH by 180.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock worth $44,000 after buying an additional 72 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.