Citigroup Has Lowered Expectations for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its price objective dropped by equities researchers at Citigroup from $166.00 to $155.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup‘s target price suggests a potential upside of 18.17% from the stock’s previous close.

RH has been the topic of a number of other reports. Wells Fargo & Company lowered their target price on shares of RH from $225.00 to $175.00 and set an “overweight” rating on the stock in a research report on Friday, September 11th. Weiss Ratings upgraded shares of RH from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, September 11th. Morgan Stanley reduced their price target on shares of RH from $240.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, September 11th. Bank of America decreased their price target on shares of RH from $156.00 to $114.00 and set an “underperform” rating for the company in a research note on Friday, September 11th. Finally, BNP Paribas Exane reissued an “underperform” rating and set a $81.00 price objective (down from $90.00) on shares of RH in a research report on Friday, September 11th. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, RH presently has an average rating of “Hold” and an average target price of $163.00.

RH Stock Performance

Shares of NYSE RH traded down $6.26 during trading hours on Friday, reaching $131.17. The stock had a trading volume of 479,958 shares, compared to its average volume of 996,850. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 2.79 and a beta of 1.92. The company has a current ratio of 1.12, a quick ratio of 0.37 and a debt-to-equity ratio of 26.57. RH has a fifty-two week low of $106.30 and a fifty-two week high of $239.40. The firm has a 50-day moving average of $130.61 and a 200-day moving average of $152.51.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, September 10th. The company reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $2.32. The firm had revenue of $922.15 million for the quarter, compared to the consensus estimate of $915.09 million. RH had a return on equity of 132.79% and a net margin of 3.23%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.93 EPS. Equities research analysts predict that RH will post 5.19 earnings per share for the current year.

Insider Buying and Selling

In other RH news, Director Mark Demilio sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $132.00, for a total transaction of $132,000.00. Following the completion of the sale, the director directly owned 25,680 shares of the company’s stock, valued at approximately $3,389,760. This trade represents a 3.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 26.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its stake in shares of RH by 4.6% during the third quarter. Russell Investments Group Ltd. now owns 51,503 shares of the company’s stock worth $6,271,000 after purchasing an additional 2,262 shares during the last quarter. D.B. Root & Company LLC lifted its holdings in shares of RH by 1.4% during the third quarter. D.B. Root & Company LLC now owns 8,531 shares of the company’s stock worth $1,039,000 after purchasing an additional 118 shares during the period. Fulcrum Asset Management LLP lifted its holdings in shares of RH by 12,936.7% during the third quarter. Fulcrum Asset Management LLP now owns 3,911 shares of the company’s stock worth $478,000 after purchasing an additional 3,881 shares during the period. 180 Wealth Advisors LLC grew its position in RH by 5.3% in the 3rd quarter. 180 Wealth Advisors LLC now owns 1,743 shares of the company’s stock valued at $212,000 after buying an additional 88 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in RH by 24.7% in the 3rd quarter. Parallel Advisors LLC now owns 460 shares of the company’s stock valued at $56,000 after buying an additional 91 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

More RH News

Here are the key news stories impacting RH this week:

• Negative Sentiment: RH’s shares declined more than the market, but the report offered no specific explanation for the move. RH Declines More Than Market: Some Information for Investors

RH Company Profile

RH, formerly known as Restoration Hardware, is a luxury home-furnishings company that curates and sells products for residential and hospitality interiors. Its offerings include furniture, lighting, textiles, rugs, bath and plumbing fixtures, outdoor furnishings, décor, and related design products.

The company markets its products through a multichannel platform that includes RH Galleries, smaller design galleries, outlet locations, catalogs, and its digital channels. RH also operates businesses such as Waterworks, which specializes in luxury kitchen and bath products, and provides interior-design services through its design professionals.