RH (NYSE:RH) Given New $215.00 Price Target at UBS Group

RH (NYSE:RH) had its target price decreased by UBS Group from $235.00 to $215.00 in a research note issued to investors on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other research analysts have also issued reports about the company. Wedbush dropped their price objective on RH from $500.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, March 26th. Stifel Nicolaus decreased their target price on RH from $450.00 to $390.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Citigroup restated a “neutral” rating and issued a $200.00 target price (down from $437.00) on shares of RH in a research note on Thursday, April 3rd. Morgan Stanley lowered their target price on RH from $530.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. Finally, The Goldman Sachs Group lowered their target price on RH from $276.00 to $194.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $274.69.

RH Stock Up 4.4%

RH opened at $183.25 on Thursday. The firm has a market capitalization of $3.43 billion, a P/E ratio of 52.66, a price-to-earnings-growth ratio of 2.65 and a beta of 2.36. The stock’s 50 day moving average price is $183.11 and its two-hundred day moving average price is $299.78. RH has a 12-month low of $123.03 and a 12-month high of $457.26.

RH (NYSE:RH) last announced its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm had revenue of $812.41 million during the quarter, compared to the consensus estimate of $828.21 million. During the same quarter in the prior year, the business posted $0.72 EPS. RH’s revenue was up 10.0% compared to the same quarter last year. As a group, analysts anticipate that RH will post 4.39 earnings per share for the current year.

Institutional Investors Weigh In On RH

Institutional investors have recently made changes to their positions in the stock. AlphaQuest LLC acquired a new stake in shares of RH during the first quarter worth $29,000. Sunbelt Securities Inc. grew its stake in shares of RH by 690.0% during the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock worth $31,000 after purchasing an additional 69 shares during the period. Rakuten Securities Inc. grew its stake in shares of RH by 180.0% during the fourth 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. GAMMA Investing LLC grew its stake in shares of RH by 146.1% during the first quarter. GAMMA Investing LLC now owns 187 shares of the company’s stock worth $44,000 after purchasing an additional 111 shares during the period. Finally, NBC Securities Inc. acquired a new stake in shares of RH during the first quarter worth $45,000. 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.