JPMorgan Chase & Co. Lowers RH (NYSE:RH) Price Target to $250.00

RH (NYSE:RH) had its price target lowered by JPMorgan Chase & Co. from $510.00 to $250.00 in a research report report published on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research analysts also recently issued reports on RH. Loop Capital reduced their price target on RH from $450.00 to $190.00 and set a “hold” rating on the stock in a report on Friday, April 4th. StockNews.com cut RH from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Stifel Nicolaus dropped their price target on RH from $450.00 to $390.00 and set a “buy” rating for the company in a research note on Monday, April 7th. The Goldman Sachs Group set a $276.00 price objective on shares of RH in a research report on Thursday, April 3rd. Finally, Telsey Advisory Group dropped their target price on shares of RH from $420.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, April 3rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $278.44.

RH Stock Performance

Shares of RH stock opened at $154.13 on Monday. The company has a market capitalization of $2.89 billion, a P/E ratio of 44.29, a PEG ratio of 2.65 and a beta of 2.44. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The stock has a 50 day moving average price of $262.38 and a two-hundred day moving average price of $336.10.

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

Insider Activity

In other news, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the completion of the transaction, the chief accounting officer now owns 484 shares in the company, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,880 shares of company stock worth $13,890,504. Insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

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

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.