RH (NYSE:RH) Stock Price Down 10.2% – Should You Sell?

RH (NYSE:RH)’s share price traded down 10.2% during trading on Monday . The company traded as low as $236.91 and last traded at $235.57. 328,811 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 617,832 shares. The stock had previously closed at $262.43.

Analyst Upgrades and Downgrades

RH has been the subject of several recent analyst reports. Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $383.00 to $515.00 in a research note on Wednesday, January 8th. Wells Fargo & Company boosted their target price on RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Robert W. Baird raised their price target on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, December 13th. StockNews.com raised shares of RH from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Guggenheim increased their price objective on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $431.60.

RH Stock Performance

The company has a market capitalization of $4.29 billion, a P/E ratio of 66.29, a PEG ratio of 2.65 and a beta of 2.50. The stock has a fifty day moving average of $381.86 and a 200 day moving average of $354.06.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.19). The company had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business earned ($0.42) EPS. Research analysts anticipate that RH will post 4.39 EPS for the current fiscal year.

Insider Buying and Selling at RH

In other RH news, CAO Christina Hargarten sold 5,280 shares of the company’s 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 directly owns 484 shares in the company, valued at $216,444.80. This represents a 91.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Keith Belling sold 500 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the sale, the director now directly owns 5,470 shares of the company’s stock, valued at approximately $2,270,050. This trade represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,880 shares of company stock valued at $29,129,879 over the last 90 days. 28.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RH. Crossmark Global Holdings Inc. grew its holdings in shares of RH by 16.4% in the third quarter. Crossmark Global Holdings Inc. now owns 1,138 shares of the company’s stock valued at $380,000 after purchasing an additional 160 shares in the last quarter. Entropy Technologies LP bought a new position in RH during the third quarter valued at $870,000. GSA Capital Partners LLP purchased a new position in shares of RH in the 3rd quarter worth $311,000. Aigen Investment Management LP bought a new stake in shares of RH in the 3rd quarter worth about $1,039,000. Finally, Parametrica Management Ltd bought a new stake in shares of RH in the 3rd quarter worth about $216,000. Hedge funds and other institutional investors 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.