RH (NYSE:RH) PT Lowered to $230.00

RH (NYSE:RH – Get Rating) had its price target reduced by equities researchers at Wedbush from $235.00 to $230.00 in a research note issued on Friday, The Fly reports. Wedbush’s target price would indicate a potential downside of 9.67% from the company’s current price.

A number of other equities analysts have also weighed in on the company. Loop Capital dropped their price objective on RH from $370.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, March 30th. Bank of America dropped their price objective on RH from $338.00 to $315.00 in a research note on Sunday, April 2nd. UBS Group dropped their price objective on RH from $280.00 to $255.00 and set a “neutral” rating for the company in a research note on Thursday, March 30th. Morgan Stanley dropped their price objective on RH from $275.00 to $260.00 in a research note on Friday. Finally, Robert W. Baird decreased their target price on RH from $250.00 to $230.00 in a research report on Friday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $278.38.

RH Stock Down 2.0 %

RH stock opened at $254.63 on Friday. The stock has a market cap of $5.61 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 2.32 and a beta of 2.08. The company has a debt-to-equity ratio of 3.97, a quick ratio of 1.93 and a current ratio of 2.84. RH has a one year low of $207.37 and a one year high of $351.53. The stock has a fifty day moving average of $249.20 and a 200 day moving average of $273.86.

RH (NYSE:RH – Get Rating) last released its quarterly earnings results on Thursday, May 25th. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.13. RH had a return on equity of 55.97% and a net margin of 14.72%. The business had revenue of $739.00 million during the quarter, compared to analyst estimates of $726.37 million. During the same quarter in the previous year, the company posted $7.78 earnings per share. RH’s revenue for the quarter was down 22.8% on a year-over-year basis. As a group, sell-side analysts predict that RH will post 11.25 EPS for the current year.

Insider Buying and Selling at RH

In other news, Director Hilary K. Krane sold 137 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $306.54, for a total transaction of $41,995.98. Following the transaction, the director now owns 6,115 shares of the company’s stock, valued at $1,874,492.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 21.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. FMR LLC grew its stake in RH by 17.1% in the first quarter. FMR LLC now owns 1,981,740 shares of the company’s stock worth $482,653,000 after purchasing an additional 289,799 shares in the last quarter. Vanguard Group Inc. grew its stake in RH by 5.6% in the third quarter. Vanguard Group Inc. now owns 1,859,724 shares of the company’s stock worth $457,623,000 after purchasing an additional 98,713 shares in the last quarter. BlackRock Inc. boosted its position in RH by 13.5% during the 3rd quarter. BlackRock Inc. now owns 1,639,129 shares of the company’s stock valued at $403,341,000 after acquiring an additional 194,960 shares in the last quarter. Atreides Management LP bought a new stake in RH during the 1st quarter valued at $170,133,000. Finally, Durable Capital Partners LP boosted its position in RH by 2.6% during the 1st quarter. Durable Capital Partners LP now owns 677,603 shares of the company’s stock valued at $220,960,000 after acquiring an additional 17,196 shares in the last quarter. Institutional investors own 84.16% of the company’s stock.

About RH

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RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.