RH (NYSE:RH) Shares Gap Down – What’s Next?

RH (NYSE:RH) shares gapped down before the market opened on Thursday . The stock had previously closed at $192.03, but opened at $178.52. RH shares last traded at $169.50, with a volume of 727,650 shares traded.

Analyst Ratings Changes

A number of research analysts recently weighed in on RH shares. Robert W. Baird dropped their price objective on shares of RH from $400.00 to $215.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Barclays dropped their price target on shares of RH from $515.00 to $436.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. Wedbush decreased their target price on RH from $500.00 to $350.00 and set an “outperform” rating for the company in a report on Wednesday, March 26th. StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. Finally, UBS Group decreased their price objective on RH from $250.00 to $235.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, RH currently has an average rating of “Hold” and an average price target of $283.94.

RH Stock Down 12.5 %

The company has a fifty day moving average price of $286.67 and a two-hundred day moving average price of $342.22. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 48.47, a P/E/G ratio of 2.65 and a beta of 2.44.

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). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities analysts anticipate that RH will post 4.39 earnings per share for the current fiscal year.

Insider Buying and Selling at RH

In other news, insider Edward T. Lee sold 600 shares of RH stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $446.73, for a total transaction of $268,038.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eri Chaya sold 25,000 shares of the business’s 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 ninety days, insiders have sold 55,880 shares of company stock worth $24,550,754. 28.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RH

Hedge funds have recently bought and sold shares of the stock. Quantinno Capital Management LP grew its stake in RH by 58.4% in the 3rd quarter. Quantinno Capital Management LP now owns 1,825 shares of the company’s stock worth $610,000 after acquiring an additional 673 shares during the period. Wellington Management Group LLP grew its position in shares of RH by 43.8% in the third quarter. Wellington Management Group LLP now owns 39,374 shares of the company’s stock valued at $13,168,000 after purchasing an additional 11,991 shares during the period. National Bank of Canada FI increased its stake in RH by 2.4% in the third quarter. National Bank of Canada FI now owns 18,494 shares of the company’s stock valued at $6,185,000 after purchasing an additional 434 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in RH during the third quarter worth about $715,000. Finally, M&T Bank Corp boosted its stake in RH by 46.1% in the 3rd quarter. M&T Bank Corp now owns 1,334 shares of the company’s stock worth $446,000 after buying an additional 421 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

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.