RH (NYSE:RH) Stock Price Down 4.5% – Should You Sell?

RH (NYSE:RH)’s stock price fell 4.5% during trading on Monday . The stock traded as low as $216.32 and last traded at $214.98. 260,240 shares traded hands during trading, a decline of 66% from the average session volume of 755,216 shares. The stock had previously closed at $225.06.

Analysts Set New Price Targets

RH has been the topic of several recent analyst reports. StockNews.com upgraded shares of RH from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $435.00 to $530.00 in a research note on Monday, January 13th. Telsey Advisory Group upgraded RH from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $485.00 to $500.00 in a research report on Thursday, December 19th. Wells Fargo & Company raised their price target on RH from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, Wedbush reissued an “outperform” rating and set a $500.00 price objective on shares of RH in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, RH currently has a consensus rating of “Moderate Buy” and a consensus target price of $431.60.

RH Price Performance

The stock has a market cap of $4.11 billion, a PE ratio of 63.48, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. The business has a 50 day moving average price of $371.63 and a two-hundred day moving average price of $353.08.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The firm had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. RH’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned ($0.42) EPS. On average, sell-side analysts forecast that RH will post 4.39 earnings per share for the current fiscal year.

Insider Buying and Selling at RH

In other news, insider Eri Chaya sold 25,000 shares of RH stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction on Friday, January 17th. The shares were sold at an average price of $447.20, for a total value of $2,361,216.00. Following the transaction, the chief accounting officer now owns 484 shares of the company’s stock, valued at $216,444.80. The trade was a 91.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,880 shares of company stock valued at $29,129,879 in the last 90 days. Insiders own 28.10% of the company’s stock.

Institutional Trading of RH

A number of institutional investors and hedge funds have recently modified their holdings of RH. Versant Capital Management Inc raised its holdings in shares of RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after purchasing an additional 70 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after buying an additional 39 shares during the period. GAMMA Investing LLC boosted its stake in shares of RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after buying an additional 64 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of RH by 690.0% in the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock worth $31,000 after buying an additional 69 shares during the last quarter. Finally, Rakuten Securities Inc. increased its position in RH by 180.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after acquiring an additional 72 shares during the last quarter. 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.