RH (NYSE:RH) Given New $280.00 Price Target at Telsey Advisory Group

RH (NYSE:RH) had its price target reduced by Telsey Advisory Group from $420.00 to $280.00 in a research note published on Thursday, Marketbeat.com reports. Telsey Advisory Group currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the stock. Bank of America decreased their price target on shares of RH from $510.00 to $410.00 and set a “buy” rating on the stock in a research report on Wednesday, March 26th. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $435.00 to $530.00 in a research note on Monday, January 13th. StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Guggenheim reduced their price target on shares of RH from $550.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, March 26th. Finally, UBS Group dropped their price objective on shares of RH from $440.00 to $250.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $310.06.

RH Stock Down 39.9 %

Shares of NYSE RH opened at $149.95 on Thursday. The firm’s 50-day moving average price is $317.51 and its 200-day moving average price is $349.51. RH has a 52-week low of $138.40 and a 52-week high of $457.26. The company has a market cap of $2.79 billion, a PE ratio of 43.09, a PEG ratio of 2.65 and a beta of 2.44.

RH (NYSE:RH) last issued its 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 company had revenue of $812.41 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 EPS. As a group, equities research analysts anticipate that RH will post 4.39 EPS for the current fiscal year.

Insider Buying and Selling

In other RH news, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total value of $11,261,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward T. Lee sold 600 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,380 shares of company stock valued at $28,922,379. Company insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

Hedge funds have recently bought and sold shares of the business. Alliancebernstein L.P. boosted its stake in shares of RH by 1,960.8% during the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock valued at $143,148,000 after purchasing an additional 346,050 shares during the period. Norges Bank bought a new stake in RH during the 4th quarter valued at about $54,314,000. Raymond James Financial Inc. purchased a new stake in RH in the 4th quarter valued at about $52,190,000. Freestone Grove Partners LP bought a new position in RH in the 4th quarter worth about $44,744,000. Finally, American Century Companies Inc. increased its position in shares of RH by 2,227.7% during the fourth quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock worth $41,603,000 after acquiring an additional 101,160 shares during the period. Institutional investors 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.