JPMorgan Chase & Co. Lowers RH (NYSE:RH) Price Target to $250.00

RH (NYSE:RH) had its price objective cut by investment analysts at JPMorgan Chase & Co. from $510.00 to $250.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 55.57% from the company’s current price.

RH has been the topic of a number of other reports. The Goldman Sachs Group set a $276.00 price target on RH in a research report on Thursday, April 3rd. Wells Fargo & Company decreased their price target on RH from $375.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Barclays decreased their target price on RH from $515.00 to $436.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. Robert W. Baird decreased their price objective on shares of RH from $400.00 to $215.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Finally, Stifel Nicolaus dropped their target price on shares of RH from $450.00 to $390.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Three 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $278.44.

RH Stock Down 2.4 %

Shares of NYSE:RH traded down $3.92 during trading on Monday, reaching $160.70. The stock had a trading volume of 894,998 shares, compared to its average volume of 1,376,778. The stock has a fifty day simple moving average of $277.36 and a two-hundred day simple moving average of $339.84. RH has a 52 week low of $123.03 and a 52 week high of $457.26. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 46.18, a P/E/G ratio of 2.65 and a beta of 2.44.

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

Insider Activity

In other RH news, 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 transaction of $2,361,216.00. Following the completion of the transaction, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Eri Chaya sold 25,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,880 shares of company stock valued at $24,550,754. 28.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its position in shares of RH by 0.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company’s stock valued at $1,524,000 after purchasing an additional 29 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of RH by 6.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company’s stock valued at $216,000 after acquiring an additional 31 shares during the period. Insight Advisors LLC PA grew its stake in shares of RH by 2.3% in the fourth quarter. Insight Advisors LLC PA now owns 1,449 shares of the company’s stock valued at $571,000 after acquiring an additional 33 shares in the last quarter. US Bancorp DE raised its stake in RH by 14.6% in the 4th quarter. US Bancorp DE now owns 283 shares of the company’s stock worth $111,000 after purchasing an additional 36 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in 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 purchasing an additional 39 shares during the period. 90.17% of the stock is owned by institutional investors.

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.