RH (NYSE:RH) Sets New 52-Week Low Following Analyst Downgrade

RH (NYSE:RH) shares reached a new 52-week low during mid-day trading on Friday after Loop Capital lowered their price target on the stock from $450.00 to $190.00. Loop Capital currently has a hold rating on the stock. RH traded as low as $138.40 and last traded at $149.95, with a volume of 12768557 shares traded. The stock had previously closed at $249.35.

A number of other equities analysts have also recently commented on RH. Telsey Advisory Group reduced their target price on RH from $420.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday. The Goldman Sachs Group upgraded shares of RH from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $261.00 to $374.00 in a report on Thursday, January 30th. Robert W. Baird cut their target price on shares of RH from $400.00 to $215.00 and set a “neutral” rating on the stock in a research note on Thursday. StockNews.com lowered RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Finally, Bank of America downgraded RH from a “buy” rating to an “underperform” rating and reduced their target price for the company from $410.00 to $130.00 in a report on Thursday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, RH presently has an average rating of “Hold” and a consensus price target of $293.81.

Insider Activity

In related news, Director Keith Belling sold 500 shares of RH stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the completion of the sale, the director now owns 4,970 shares in the company, valued at approximately $2,076,714.50. This trade represents a 9.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eri Chaya sold 25,000 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $426.41, for a total value of $10,660,250.00. The disclosure for this sale can be found here. In the last three months, insiders sold 66,380 shares of company stock worth $28,922,379. Company insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Institutional investors and hedge funds have recently made changes to their positions in the company. Alliancebernstein L.P. boosted its position in RH by 1,960.8% during the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock worth $143,148,000 after purchasing an additional 346,050 shares during the period. Norges Bank acquired a new stake in shares of RH during the fourth quarter worth $54,314,000. Raymond James Financial Inc. acquired a new position in RH in the fourth quarter valued at approximately $52,190,000. Freestone Grove Partners LP bought a new position in RH during the 4th quarter worth $44,744,000. Finally, American Century Companies Inc. lifted its position in RH by 2,227.7% in the 4th quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock valued at $41,603,000 after purchasing an additional 101,160 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Stock Performance

The firm has a market capitalization of $2.70 billion, a P/E ratio of 41.77, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44. The business has a fifty day moving average of $312.06 and a 200-day moving average of $348.35.

RH (NYSE:RH) last posted its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). The firm had revenue of $812.41 million during the quarter, compared to the consensus estimate of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 EPS. On average, equities research analysts forecast that RH will post 4.39 earnings per share for the current fiscal year.

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.