RH (NYSE:RH) Price Target Cut to $230.00

RH (NYSE:RH) had its price target decreased by equities researchers at Loop Capital from $350.00 to $230.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Loop Capital’s target price suggests a potential downside of 1.33% from the company’s previous close.

Several other research analysts have also recently commented on the company. Robert W. Baird lowered their target price on RH from $300.00 to $275.00 and set a “neutral” rating for the company in a research note on Friday. The Goldman Sachs Group decreased their price target on RH from $264.00 to $226.00 and set a “sell” rating for the company in a report on Monday. TD Cowen decreased their price target on RH from $350.00 to $325.00 and set a “buy” rating for the company in a report on Friday. Telsey Advisory Group reduced their target price on RH from $320.00 to $290.00 and set a “market perform” rating for the company in a report on Friday. Finally, Oppenheimer reissued a “market perform” rating on shares of RH in a report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, RH presently has an average rating of “Hold” and an average price target of $310.46.

RH Stock Performance

RH stock traded up $3.37 during midday trading on Monday, hitting $233.10. 986,360 shares of the company were exchanged, compared to its average volume of 703,974. The firm has a market capitalization of $4.30 billion, a PE ratio of 64.44, a price-to-earnings-growth ratio of 0.76 and a beta of 2.51. The business has a fifty day simple moving average of $265.77 and a two-hundred day simple moving average of $274.37. RH has a fifty-two week low of $207.26 and a fifty-two week high of $406.38.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, June 13th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.32). RH had a negative return on equity of 29.15% and a net margin of 2.72%. The company had revenue of $726.96 million for the quarter, compared to analysts’ expectations of $725.15 million. During the same quarter in the previous year, the business posted $2.21 EPS. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, equities analysts expect that RH will post 8.84 earnings per share for the current year.

Insider Activity at RH

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 stock was sold at an average price of $279.92, for a total value of $27,992,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other RH news, Director Mark S. Demilio sold 1,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total transaction of $288,990.00. Following the completion of the transaction, the director now owns 11,991 shares of the company’s stock, valued at $3,465,279.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eri Chaya sold 100,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $279.92, for a total value of $27,992,000.00. The disclosure for this sale can be found here. Insiders sold 103,000 shares of company stock valued at $28,897,430 in the last ninety days. Corporate insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

Several hedge funds have recently bought and sold shares of RH. Janus Henderson Group PLC increased its position in shares of RH by 0.4% during the first quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock worth $2,986,000 after acquiring an additional 38 shares during the last quarter. Insight Advisors LLC PA increased its position in shares of RH by 2.8% during the first quarter. Insight Advisors LLC PA now owns 1,447 shares of the company’s stock worth $504,000 after acquiring an additional 39 shares during the last quarter. Tradition Wealth Management LLC increased its position in shares of RH by 14.8% during the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after acquiring an additional 45 shares during the last quarter. Texas Permanent School Fund Corp increased its position in shares of RH by 0.4% during the first quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company’s stock worth $4,659,000 after acquiring an additional 47 shares during the last quarter. Finally, New York Life Investment Management LLC increased its position in shares of RH by 4.1% during the fourth quarter. New York Life Investment Management LLC now owns 1,703 shares of the company’s stock worth $496,000 after acquiring an additional 67 shares during the last quarter. Hedge funds and other 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.