Robert W. Baird Cuts RH (NYSE:RH) Price Target to $215.00

RH (NYSE:RH) had its target price cut by Robert W. Baird from $400.00 to $215.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also issued reports about the company. Bank of America cut their price target on RH from $510.00 to $410.00 and set a “buy” rating on the stock in a research note on Wednesday, March 26th. Wedbush cut their target price on shares of RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 26th. Loop Capital upped their price target on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Stifel Nicolaus dropped their price target on shares of RH from $500.00 to $450.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Finally, Wells Fargo & Company reduced their price objective on shares of RH from $500.00 to $375.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $293.81.

RH Trading Down 2.7 %

Shares of RH stock opened at $145.37 on Thursday. The firm’s 50 day moving average is $312.06 and its 200 day moving average is $348.35. The firm has a market capitalization of $2.70 billion, a PE ratio of 41.77, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44. RH has a 1 year low of $123.03 and a 1 year high of $457.26.

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

Insider Activity

In related news, Director Keith Belling sold 500 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $417.85, for a total value of $208,925.00. Following the completion of the sale, the director now directly owns 4,970 shares of the company’s stock, valued at $2,076,714.50. The trade was a 9.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Christina Hargarten sold 5,280 shares of the 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 transaction, the chief accounting officer now 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 66,380 shares of company stock valued at $28,922,379 in the last ninety days. 28.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On RH

Hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its holdings 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 worth $17,664,000 after acquiring an additional 5,506 shares during the last quarter. 111 Capital bought a new stake in RH during the 4th quarter worth approximately $211,000. PKO Investment Management Joint Stock Co bought a new stake in RH during the 4th quarter worth approximately $590,000. Copia Wealth Management purchased a new stake in shares of RH in the fourth quarter worth approximately $106,000. Finally, Polar Asset Management Partners Inc. lifted its holdings 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 valued at $6,967,000 after purchasing an additional 13,500 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

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.