RH (NYSE:RH) Price Target Lowered to $190.00 at Loop Capital

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.

RH has been the topic of several other research reports. Telsey Advisory Group reduced their target price on shares of RH from $420.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday. Morgan Stanley decreased their price objective on shares of RH from $530.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday. Guggenheim dropped their target price on RH from $500.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday. Bank of America downgraded RH from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $410.00 to $130.00 in a report on Thursday. Finally, Citigroup reiterated a “neutral” rating and issued a $200.00 price objective (down previously from $437.00) on shares of RH in a report on Thursday. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $293.81.

RH Stock Down 2.7 %

Shares of RH stock opened at $145.37 on Friday. RH has a 52 week low of $123.03 and a 52 week high of $457.26. The firm has a 50 day moving average of $312.06 and a two-hundred day moving average of $348.23. The stock has a market capitalization of $2.70 billion, a PE ratio of 41.77, a P/E/G ratio of 2.65 and a beta of 2.44.

RH (NYSE:RH) last released its earnings results on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.33). The company had revenue of $812.41 million for the quarter, compared to analyst estimates of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 earnings per share. Analysts expect that RH will post 4.39 EPS for the current fiscal year.

Insider Transactions at RH

In other news, insider Eri Chaya sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $416.27, for a total transaction of $4,162,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith Belling sold 500 shares of RH stock in a transaction on Monday, January 6th. The shares were sold at an average price of $417.85, for a total transaction of $208,925.00. Following the completion of the transaction, the director now owns 4,970 shares in the company, valued at approximately $2,076,714.50. This trade represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,380 shares of company stock worth $28,922,379. Company insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RH. Versant Capital Management Inc increased its position in RH by 7,000.0% during the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after purchasing an additional 70 shares during the period. UMB Bank n.a. raised its position in RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after acquiring an additional 39 shares in the last quarter. GAMMA Investing LLC lifted its holdings in RH by 533.3% in the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after acquiring an additional 64 shares during the period. Sunbelt Securities Inc. boosted its position in shares of RH by 690.0% during the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock worth $31,000 after purchasing an additional 69 shares in the last quarter. Finally, Rakuten Securities Inc. grew its stake in shares of RH by 180.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock worth $44,000 after purchasing an additional 72 shares during the period. 90.17% of the stock is owned by hedge funds and other institutional investors.

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.