Loop Capital Has Lowered Expectations for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its target price reduced by Loop Capital from $450.00 to $190.00 in a report released on Friday morning,Benzinga reports. They currently have a hold rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Morgan Stanley dropped their target price on RH from $530.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday. Bank of America lowered shares of RH from a “buy” rating to an “underperform” rating and decreased their price target for the company from $410.00 to $130.00 in a report on Thursday. Wedbush decreased their target price on RH from $500.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, March 26th. Barclays dropped their price target on RH from $515.00 to $436.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Robert W. Baird decreased their price objective on RH from $400.00 to $215.00 and set a “neutral” rating for the company 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 given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $293.81.

RH Stock Performance

Shares of RH stock opened at $145.37 on Friday. The stock’s fifty day moving average is $312.06 and its 200-day moving average is $348.44. RH has a 52 week low of $123.03 and a 52 week high of $457.26. The stock has a market capitalization of $2.70 billion, a PE ratio of 41.77, a PEG ratio of 2.65 and a beta of 2.44.

RH (NYSE:RH) last announced its 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). 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 during the quarter, compared to the consensus estimate of $828.21 million. During the same period in the prior year, the firm posted $0.72 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. As a group, analysts forecast that RH will post 4.39 earnings per share for the current fiscal year.

Insider Transactions at RH

In related news, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total value of $11,261,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edward T. Lee sold 600 shares of the company’s stock in a transaction that occurred on 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 sold a total of 55,880 shares of company stock worth $24,550,754 in the last three months. Insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc lifted its holdings in shares of 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 in the last quarter. UMB Bank n.a. grew its position in shares of 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 purchasing an additional 39 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after purchasing an additional 64 shares during the period. Sunbelt Securities Inc. raised its position in shares of 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 buying an additional 69 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its stake in shares of RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after buying an additional 72 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Company Profile

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.