RH (NYSE:RH) Price Target Lowered to $235.00 at UBS Group

RH (NYSE:RH) had its price target dropped by equities research analysts at UBS Group from $250.00 to $235.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 65.16% from the stock’s previous close.

RH has been the subject of a number of other research reports. Bank of America reduced their price target on RH from $510.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday, March 26th. Wedbush reduced their target price on RH from $500.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, March 26th. Telsey Advisory Group decreased their target price on RH from $420.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday. Guggenheim cut their price target on RH from $500.00 to $300.00 and set a “buy” rating for the company in a report on Thursday. Finally, Robert W. Baird decreased their price objective on shares of RH from $400.00 to $215.00 and set a “neutral” rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $327.56.

RH Trading Down 42.9 %

Shares of NYSE RH traded down $107.07 during mid-day trading on Thursday, hitting $142.28. The company had a trading volume of 4,007,959 shares, compared to its average volume of 768,280. The firm has a 50-day simple moving average of $323.21 and a two-hundred day simple moving average of $350.91. The company has a market capitalization of $2.65 billion, a PE ratio of 41.23, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. RH has a one year low of $141.18 and a one year high of $457.26.

RH (NYSE:RH) last posted its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). The company 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 firm’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 earned $0.72 earnings per share. Sell-side analysts expect that RH will post 4.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the sale, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edward T. Lee sold 600 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $446.73, for a total transaction of $268,038.00. The disclosure for this sale can be found here. Insiders sold 66,380 shares of company stock worth $28,922,379 over the last three months. Insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc boosted its holdings in shares of RH by 7,000.0% during the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after acquiring an additional 70 shares in the last quarter. UMB Bank n.a. raised its position in RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of RH by 533.3% during 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 in the last quarter. Sunbelt Securities Inc. boosted its stake 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. grew its holdings in shares of RH by 180.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock worth $44,000 after purchasing an additional 72 shares during the last quarter. 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.