TD Cowen Cuts RH (NYSE:RH) Price Target to $325.00

RH (NYSE:RH) had its target price reduced by stock analysts at TD Cowen from $350.00 to $325.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s target price suggests a potential upside of 41.47% from the company’s current price.

Several other research firms have also recently issued reports on RH. Barclays raised their target price on RH from $293.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Monday, April 1st. Wedbush cut their target price on RH from $320.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday. Robert W. Baird cut their target price on RH from $300.00 to $275.00 and set a “neutral” rating on the stock in a research note on Friday. Oppenheimer restated a “market perform” rating on shares of RH in a report on Monday, April 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of RH from $329.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $321.85.

RH Trading Down 17.1 %

Shares of NYSE:RH opened at $229.73 on Friday. The stock’s 50-day moving average price is $265.77 and its 200-day moving average price is $274.34. RH has a 12-month low of $207.26 and a 12-month high of $406.38. The stock has a market capitalization of $4.21 billion, a P/E ratio of 63.64, a price-to-earnings-growth ratio of 0.91 and a beta of 2.51.

RH (NYSE:RH) last posted its earnings results on Thursday, June 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.32). The business had revenue of $726.96 million during the quarter, compared to the consensus estimate of $725.15 million. RH had a negative return on equity of 28.79% and a net margin of 2.72%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.21 earnings per share. As a group, research analysts predict that RH will post 8.91 EPS for the current year.

Insider Activity

In other news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the completion of the transaction, the director now directly owns 12,991 shares in the company, valued at $4,004,086.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Eri Chaya sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $279.92, for a total transaction of $27,992,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the sale, the director now directly owns 12,991 shares of the company’s stock, valued at approximately $4,004,086.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,000 shares of company stock worth $28,897,430. Insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

Several institutional investors and hedge funds have recently made changes to their positions in RH. Creekmur Asset Management LLC bought a new stake in shares of RH during the fourth quarter valued at approximately $25,000. Benjamin F. Edwards & Company Inc. bought a new stake in RH in the 4th quarter worth approximately $35,000. Quest Partners LLC bought a new stake in RH in the 4th quarter worth approximately $37,000. Global Retirement Partners LLC grew its position in RH by 120.3% in the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the company’s stock worth $41,000 after purchasing an additional 77 shares during the period. Finally, Hollencrest Capital Management bought a new stake in RH in the 1st quarter worth approximately $47,000. 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.