RH (NYSE:RH) Shares Down 5.3% After Analyst Downgrade

RH (NYSE:RH) dropped 5.3% on Tuesday after Stifel Nicolaus lowered their price target on the stock from $450.00 to $390.00. Stifel Nicolaus currently has a buy rating on the stock. RH traded as low as $155.28 and last traded at $155.72. Approximately 1,518,314 shares traded hands during mid-day trading, an increase of 77% from the average daily volume of 859,033 shares. The stock had previously closed at $164.48.

Other equities analysts have also recently issued research reports about the stock. StockNews.com cut shares of RH from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Bank of America downgraded shares of RH from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $410.00 to $130.00 in a research report on Thursday, April 3rd. UBS Group cut their target price on shares of RH from $250.00 to $235.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Wedbush lowered their price target on RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, March 26th. Finally, The Goldman Sachs Group set a $276.00 price objective on RH in a report on Thursday. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $283.94.

Insider Buying and Selling

In other RH news, insider Edward T. Lee sold 600 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $446.73, for a total transaction of $268,038.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction dated 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 ninety days, insiders sold 55,880 shares of company stock valued at $24,550,754. 28.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On RH

Several institutional investors and hedge funds have recently modified their holdings of RH. FMR LLC boosted its position in shares of RH by 0.7% during the fourth quarter. FMR LLC now owns 2,790,314 shares of the company’s stock worth $1,098,240,000 after acquiring an additional 18,040 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of RH by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 1,402,010 shares of the company’s stock valued at $551,817,000 after purchasing an additional 18,389 shares during the last quarter. Anomaly Capital Management LP grew its position in shares of RH by 9.6% during the fourth quarter. Anomaly Capital Management LP now owns 481,111 shares of the company’s stock valued at $189,360,000 after purchasing an additional 41,986 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of RH by 1,960.8% during the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock valued at $143,148,000 after purchasing an additional 346,050 shares in the last quarter. Finally, Senvest Management LLC increased its holdings in shares of RH by 35.6% in the fourth quarter. Senvest Management LLC now owns 315,368 shares of the company’s stock worth $124,126,000 after purchasing an additional 82,742 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

RH Price Performance

The business has a 50-day moving average of $307.12 and a 200 day moving average of $347.14. The company has a market capitalization of $2.92 billion, a PE ratio of 44.93, a P/E/G ratio of 2.65 and a beta of 2.44.

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