Telsey Advisory Group Issues Pessimistic Forecast for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its price target dropped by research analysts at Telsey Advisory Group from $220.00 to $185.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s target price points to a potential upside of 20.46% from the stock’s previous close.

RH has been the subject of several other reports. Barclays dropped their target price on RH from $436.00 to $385.00 and set an “overweight” rating for the company in a research note on Friday, September 12th. TD Cowen increased their price target on shares of RH from $235.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Stifel Nicolaus set a $165.00 price target on shares of RH in a report on Friday. William Blair downgraded RH from an “outperform” rating to a “market perform” rating in a report on Thursday, October 2nd. Finally, Citigroup increased their target price on RH from $200.00 to $233.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Ten equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $247.69.

RH Price Performance

RH stock opened at $153.58 on Friday. The stock has a market capitalization of $2.88 billion, a P/E ratio of 28.60, a P/E/G ratio of 0.75 and a beta of 2.09. RH has a 12-month low of $123.03 and a 12-month high of $457.26. The firm’s 50-day moving average is $168.35 and its two-hundred day moving average is $194.17.

RH (NYSE:RH) last announced its earnings results on Thursday, December 11th. The company reported $1.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.42). The firm had revenue of $883.81 million for the quarter, compared to analyst estimates of $883.65 million. RH had a negative return on equity of 113.58% and a net margin of 3.20%.The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.48 EPS. As a group, analysts forecast that RH will post 4.39 EPS for the current year.

Insider Buying and Selling at RH

In related news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $236.13, for a total transaction of $472,260.00. Following the completion of the sale, the director directly owned 24,616 shares of the company’s stock, valued at approximately $5,812,576.08. This represents a 7.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 27.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ridgewood Investments LLC grew its stake in shares of RH by 19.8% in the second quarter. Ridgewood Investments LLC now owns 303 shares of the company’s stock valued at $57,000 after buying an additional 50 shares in the last quarter. Farther Finance Advisors LLC grew its position in RH by 67.8% in the second quarter. Farther Finance Advisors LLC now owns 151 shares of the company’s stock valued at $29,000 after acquiring an additional 61 shares in the last quarter. Arizona State Retirement System raised its stake in shares of RH by 1.4% during the third quarter. Arizona State Retirement System now owns 4,434 shares of the company’s stock valued at $901,000 after purchasing an additional 62 shares during the period. UMB Bank n.a. lifted its position in shares of RH by 53.8% during the second quarter. UMB Bank n.a. now owns 180 shares of the company’s stock worth $34,000 after purchasing an additional 63 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of RH by 12.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 605 shares of the company’s stock valued at $114,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds 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.