TD Cowen Trims RH (NYSE:RH) Target Price to $325.00

RH (NYSE:RH) had its target price lowered by TD Cowen from $350.00 to $325.00 in a report released on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

RH has been the subject of several other research reports. Telsey Advisory Group decreased their target price on shares of RH from $335.00 to $320.00 and set a market perform rating for the company in a research report on Thursday, June 6th. Loop Capital increased their price objective on shares of RH from $260.00 to $350.00 and gave the company a hold rating in a report on Monday, April 1st. JPMorgan Chase & Co. increased their price objective on shares of RH from $329.00 to $345.00 and gave the company an overweight rating in a report on Thursday, March 28th. Wells Fargo & Company increased their price objective on shares of RH from $350.00 to $360.00 and gave the company an overweight rating in a report on Thursday, March 28th. Finally, Oppenheimer reiterated a market perform rating on shares of RH in a report on Monday, April 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, RH has a consensus rating of Hold and an average target price of $310.46.

RH Trading Up 0.7 %

NYSE RH opened at $231.44 on Friday. RH has a 52 week low of $207.26 and a 52 week high of $406.38. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 64.11, a price-to-earnings-growth ratio of 0.76 and a beta of 2.51. The company has a 50-day moving average price of $264.87 and a two-hundred day moving average price of $274.10.

RH (NYSE:RH) last posted its earnings results on Thursday, June 13th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.32). RH had a negative return on equity of 29.15% and a net margin of 2.72%. The firm had revenue of $726.96 million during the quarter, compared to the consensus estimate of $725.15 million. During the same quarter last year, the company posted $2.21 EPS. RH’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, equities research analysts expect that RH will post 8.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Mark S. Demilio sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total transaction of $288,990.00. Following the transaction, the director now owns 11,991 shares in the company, valued at approximately $3,465,279.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Mark S. Demilio sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total transaction of $288,990.00. Following the transaction, the director now owns 11,991 shares in the company, valued at approximately $3,465,279.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the sale, the director now owns 12,991 shares in the company, valued at $4,004,086.02. The disclosure for this sale can be found here. Insiders have sold 103,000 shares of company stock worth $28,897,430 in the last ninety days. Insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Several institutional investors have recently made changes to their positions in RH. FMR LLC boosted its position in shares of RH by 11.5% during the 3rd quarter. FMR LLC now owns 2,143,424 shares of the company’s stock valued at $566,636,000 after acquiring an additional 221,858 shares in the last quarter. Norges Bank acquired a new position in RH in the fourth quarter valued at about $38,736,000. Quadrature Capital Ltd acquired a new position in RH in the third quarter valued at about $31,828,000. Senvest Management LLC boosted its position in RH by 47.4% in the fourth quarter. Senvest Management LLC now owns 349,517 shares of the company’s stock valued at $101,877,000 after buying an additional 112,455 shares in the last quarter. Finally, Granahan Investment Management LLC acquired a new position in RH in the fourth quarter valued at about $24,915,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.