Stifel Nicolaus Lowers RH (NYSE:RH) Price Target to $390.00

RH (NYSE:RH) had its target price lowered by stock analysts at Stifel Nicolaus from $450.00 to $390.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 128.20% from the stock’s current price.

A number of other brokerages have also recently issued reports on RH. Bank of America cut shares of RH from a “buy” rating to an “underperform” rating and cut their target price for the stock from $410.00 to $130.00 in a research report on Thursday. Wells Fargo & Company decreased their price objective on RH from $375.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday. Barclays cut their target price on shares of RH from $515.00 to $436.00 and set an “overweight” rating for the company in a research note on Thursday. Loop Capital reduced their price objective on shares of RH from $450.00 to $190.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Morgan Stanley reduced their price target on RH from $530.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $283.94.

RH Stock Up 17.3 %

Shares of RH stock traded up $25.24 during trading on Monday, reaching $170.90. The company’s stock had a trading volume of 4,302,402 shares, compared to its average volume of 847,595. The business has a 50 day moving average price of $312.06 and a 200-day moving average price of $348.44. The company has a market capitalization of $3.18 billion, a P/E ratio of 48.15, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44. RH has a 12-month low of $123.03 and a 12-month high of $457.26.

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

Insider Buying and Selling at RH

In other news, insider Eri Chaya sold 25,000 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $426.41, for a total transaction of $10,660,250.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Edward T. Lee sold 600 shares of RH stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. Insiders sold 55,880 shares of company stock valued at $24,550,754 over the last 90 days. 28.10% of the stock is owned by corporate insiders.

Institutional Trading of RH

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