Telsey Advisory Group Has Lowered Expectations for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its target price reduced by Telsey Advisory Group from $220.00 to $185.00 in a note issued to investors on Friday, Marketbeat reports. The firm currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 14.24% from the stock’s current price.

A number of other brokerages have also recently issued reports on RH. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price objective on shares of RH in a research note on Friday, September 12th. Citigroup raised their price target on RH from $200.00 to $233.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Cowen reaffirmed a “buy” rating on shares of RH in a research note on Friday, September 12th. Barclays cut their target price on RH from $436.00 to $385.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of RH in a research report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, RH presently has an average rating of “Hold” and an average target price of $238.81.

RH Stock Up 5.6%

RH stock opened at $161.94 on Friday. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The company has a market cap of $3.04 billion, a P/E ratio of 29.23, a PEG ratio of 0.77 and a beta of 2.09. The business has a fifty day moving average of $167.44 and a 200-day moving average of $194.04.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, December 11th. The company reported $1.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by ($0.42). The firm had revenue of $883.81 million during the quarter, compared to the consensus estimate of $883.65 million. RH had a net margin of 3.22% and a negative return on equity of 120.00%. RH’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.48 EPS. As a group, equities research analysts anticipate that RH will post 4.39 earnings per share for the current fiscal year.

Insider Transactions at RH

In other RH news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $236.13, for a total value of $472,260.00. Following the completion of the sale, the director directly owned 24,616 shares in the company, valued at $5,812,576.08. This represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 27.00% of the company’s stock.

Institutional Trading of RH

Several hedge funds have recently bought and sold shares of RH. Quinn Opportunity Partners LLC bought a new stake in RH in the second quarter valued at approximately $378,000. Norges Bank bought a new position in shares of RH during the 2nd quarter worth approximately $29,083,000. Senvest Management LLC raised its stake in RH by 54.6% in the 2nd quarter. Senvest Management LLC now owns 733,894 shares of the company’s stock valued at $138,713,000 after acquiring an additional 259,200 shares during the period. Intech Investment Management LLC lifted its holdings in RH by 29.0% during the 1st quarter. Intech Investment Management LLC now owns 9,790 shares of the company’s stock valued at $2,295,000 after purchasing an additional 2,198 shares during the last quarter. Finally, Twin Lakes Capital Management LLC bought a new position in RH during the second quarter worth $3,213,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.