Loop Capital Lowers RH (NYSE:RH) Price Target to $190.00

RH (NYSE:RH) had its target price reduced by investment analysts at Loop Capital from $450.00 to $190.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Loop Capital’s target price suggests a potential upside of 30.70% from the company’s previous close.

A number of other analysts have also recently weighed in on the company. Barclays lowered their price target on RH from $515.00 to $436.00 and set an “overweight” rating on the stock in a research report on Thursday. Morgan Stanley lowered their target price on shares of RH from $530.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday. Robert W. Baird cut their price target on shares of RH from $400.00 to $215.00 and set a “neutral” rating for the company in a report on Thursday. Wells Fargo & Company decreased their price objective on shares of RH from $375.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Telsey Advisory Group decreased their price target on RH from $420.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday. Three 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 currently has an average rating of “Hold” and an average target price of $293.81.

RH Stock Performance

Shares of RH traded down $4.02 during mid-day trading on Friday, hitting $145.37. The company’s stock had a trading volume of 9,503,716 shares, compared to its average volume of 833,904. The firm has a market capitalization of $2.70 billion, a PE ratio of 41.77, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44. The stock’s 50-day moving average is $317.51 and its two-hundred day moving average is $349.51. RH has a one year low of $123.24 and a one year high of $457.26.

RH (NYSE:RH) last announced its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.33). The business had revenue of $812.41 million during 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 period last year, the firm earned $0.72 EPS. Analysts expect that RH will post 4.39 EPS for the current fiscal year.

Insider Activity at RH

In other RH news, insider Eri Chaya sold 25,000 shares of RH stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Keith Belling sold 500 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the transaction, the director now owns 4,970 shares in the company, valued at approximately $2,076,714.50. This trade represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,380 shares of company stock worth $28,922,379 in the last quarter. Company insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

Large investors have recently made changes to their positions in the business. Versant Capital Management Inc increased its holdings in RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after buying an additional 70 shares during the last quarter. UMB Bank n.a. raised 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 during the period. GAMMA Investing LLC lifted its stake in RH by 533.3% in the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after purchasing an additional 64 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in 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 during the period. Finally, Rakuten Securities Inc. increased its position in RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock worth $44,000 after buying an additional 72 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

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.