Telsey Advisory Group Lowers RH (NYSE:RH) Price Target to $255.00

RH (NYSE:RH) had its target price dropped by analysts at Telsey Advisory Group from $280.00 to $255.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Telsey Advisory Group’s price objective points to a potential upside of 39.15% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Wells Fargo & Company decreased their price target on RH from $375.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. JPMorgan Chase & Co. dropped their price target on shares of RH from $510.00 to $250.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Wedbush reduced their price objective on shares of RH from $500.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, March 26th. Guggenheim lowered their price objective on shares of RH from $500.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Finally, Citigroup restated a “neutral” rating and set a $200.00 target price (down from $437.00) on shares of RH in a report on Thursday, April 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, RH has a consensus rating of “Hold” and an average price target of $273.13.

RH Stock Performance

NYSE:RH opened at $183.25 on Monday. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 52.66, a PEG ratio of 2.65 and a beta of 2.19. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The business has a fifty day moving average of $183.11 and a 200-day moving average of $299.46.

RH (NYSE:RH) last issued its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). The company had revenue of $812.41 million during 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 was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. On average, equities research analysts predict that RH will post 4.39 EPS for the current year.

Institutional Investors Weigh In On RH

A number of institutional investors have recently bought and sold shares of RH. LPL Financial LLC lifted its position in RH by 61.3% in the 4th quarter. LPL Financial LLC now owns 9,141 shares of the company’s stock worth $3,598,000 after buying an additional 3,473 shares in the last quarter. Deutsche Bank AG boosted its holdings in RH by 607.9% in the fourth quarter. Deutsche Bank AG now owns 9,464 shares of the company’s stock worth $3,725,000 after purchasing an additional 8,127 shares in the last quarter. Sterling Capital Management LLC increased its position in RH by 49.7% during the fourth quarter. Sterling Capital Management LLC now owns 762 shares of the company’s stock worth $300,000 after buying an additional 253 shares during the last quarter. Victory Capital Management Inc. increased its position in RH by 0.9% during the fourth quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock worth $19,949,000 after buying an additional 445 shares during the last quarter. Finally, L.M. Kohn & Company bought a new position in RH during the fourth quarter valued at about $289,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.