Telsey Advisory Group Has Lowered Expectations for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its target price cut by Telsey Advisory Group from $280.00 to $255.00 in a research note released on Monday morning, MarketBeat Ratings reports. They currently have an outperform rating on the stock.

A number of other analysts have also recently issued reports on RH. Wall Street Zen upgraded shares of RH from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. lowered their price target on shares of RH from $510.00 to $250.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Citigroup restated a “neutral” rating and set a $200.00 price objective (down from $437.00) on shares of RH in a research report on Thursday, April 3rd. Bank of America upped their target price on RH from $144.00 to $172.00 and gave the company an “underperform” rating in a research report on Wednesday, May 14th. Finally, Guggenheim lowered their target price on RH from $500.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, RH currently has a consensus rating of “Hold” and a consensus target price of $270.00.

RH Stock Up 0.7%

RH opened at $184.85 on Monday. RH has a 12-month low of $123.03 and a 12-month high of $457.26. The business has a 50 day moving average of $181.82 and a 200-day moving average of $298.18. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 53.12, a PEG ratio of 2.65 and a beta of 2.19.

RH (NYSE:RH) last posted 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). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business had revenue of $812.41 million during the quarter, compared to the consensus estimate of $828.21 million. During the same quarter last year, the company posted $0.72 EPS. The firm’s revenue was up 10.0% on a year-over-year basis. As a group, analysts expect that RH will post 4.39 earnings per share for the current year.

Institutional Trading of RH

Large investors have recently modified their holdings of the stock. Sunbelt Securities Inc. raised its stake in 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 purchasing an additional 69 shares in the last quarter. Rakuten Securities Inc. increased its holdings in RH by 180.0% in the 4th 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. AlphaQuest LLC acquired a new position in shares of RH in the 1st quarter valued at approximately $29,000. Golden State Wealth Management LLC bought a new stake in shares of RH during the 4th quarter worth approximately $68,000. Finally, GAMMA Investing LLC lifted its holdings in shares of RH by 146.1% during the 1st quarter. GAMMA Investing LLC now owns 187 shares of the company’s stock worth $44,000 after acquiring an additional 111 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

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.