RH (NYSE:RH) PT Lowered to $320.00

RH (NYSE:RHFree Report) had its price objective reduced by Telsey Advisory Group from $335.00 to $320.00 in a report released on Thursday morning, MarketBeat.com reports. They currently have a market perform rating on the stock.

Several other research firms have also issued reports on RH. Wells Fargo & Company boosted their price target on shares of RH from $350.00 to $360.00 and gave the company an overweight rating in a research report on Thursday, March 28th. Loop Capital boosted their price target on shares of RH from $260.00 to $350.00 and gave the company a hold rating in a research report on Monday, April 1st. Wedbush reissued a neutral rating and issued a $320.00 price target on shares of RH in a research report on Monday, May 20th. Oppenheimer reissued a market perform rating on shares of RH in a research report on Monday, April 1st. Finally, The Goldman Sachs Group upped their target price on shares of RH from $201.00 to $264.00 and gave the stock a sell rating in a report on Monday, April 1st. Two investment 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. According to MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $331.00.

Check Out Our Latest Research Report on RH

RH Stock Performance

Shares of RH stock opened at $279.25 on Thursday. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 50.13, a P/E/G ratio of 0.87 and a beta of 2.51. RH has a 52 week low of $207.26 and a 52 week high of $406.38. The firm’s 50-day simple moving average is $270.56 and its two-hundred day simple moving average is $274.29.

RH (NYSE:RHGet Free Report) last posted its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.99). RH had a net margin of 4.21% and a negative return on equity of 777.61%. The business had revenue of $738.26 million during the quarter, compared to the consensus estimate of $777.50 million. During the same period last year, the firm earned $2.88 EPS. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. Analysts forecast that RH will post 8.99 earnings per share for the current year.

Insiders Place Their Bets

In other RH news, insider Eri Chaya sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $279.92, for a total value of $27,992,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other RH news, insider Eri Chaya sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $279.92, for a total value of $27,992,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the completion of the sale, the director now directly owns 12,991 shares of the company’s stock, valued at approximately $4,004,086.02. The disclosure for this sale can be found here. Insiders sold a total of 103,000 shares of company stock valued at $28,897,430 in the last quarter. Corporate insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

A number of institutional investors have recently made changes to their positions in RH. Creekmur Asset Management LLC purchased a new stake in shares of RH in the 4th quarter valued at $25,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of RH in the 4th quarter valued at $35,000. Quest Partners LLC purchased a new stake in shares of RH in the 4th quarter valued at $37,000. Global Retirement Partners LLC raised its holdings in RH by 120.3% during the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the company’s stock valued at $41,000 after buying an additional 77 shares during the last quarter. Finally, Hollencrest Capital Management bought a new stake in RH during the 1st quarter valued at $47,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

About RH

(Get Free Report)

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.

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