Robert W. Baird Issues Pessimistic Forecast for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its target price dropped by research analysts at Robert W. Baird from $400.00 to $215.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s target price would indicate a potential downside of 13.75% from the company’s previous close.

RH has been the subject of a number of other research reports. Bank of America cut their price objective on RH from $510.00 to $410.00 and set a “buy” rating for the company in a research report on Wednesday, March 26th. Wedbush reduced their price objective on RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 26th. Citigroup reiterated a “neutral” rating and set a $200.00 target price (down from $437.00) on shares of RH in a research report on Thursday. StockNews.com downgraded shares of RH from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Finally, Morgan Stanley raised shares of RH from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $435.00 to $530.00 in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, RH has an average rating of “Hold” and a consensus target price of $365.00.

RH Trading Up 4.3 %

NYSE:RH opened at $249.28 on Thursday. The stock has a 50-day moving average price of $323.21 and a 200 day moving average price of $350.91. RH has a 12-month low of $172.56 and a 12-month high of $457.26. The stock has a market capitalization of $4.64 billion, a P/E ratio of 71.63, a P/E/G ratio of 2.65 and a beta of 2.50.

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

Insider Activity at RH

In other RH news, insider Eri Chaya sold 10,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $416.27, for a total value of $4,162,700.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 $216,444.80. This represents a 91.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,380 shares of company stock worth $28,922,379 in the last quarter. 28.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On RH

Institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in RH during the 3rd quarter worth about $4,268,000. Invst LLC bought a new position in RH in the third quarter worth approximately $752,000. Cerity Partners LLC raised its stake in RH by 139.7% in the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock worth $864,000 after buying an additional 1,506 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in RH by 0.9% during the fourth quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock worth $19,949,000 after buying an additional 445 shares during the period. Finally, L.M. Kohn & Company bought a new stake in RH during the 4th quarter valued at $289,000. 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.