RH (NYSE:RH) Lowered to Hold at Gordon Haskett

Gordon Haskett downgraded shares of RH (NYSE:RHGet Rating) from an accumulate rating to a hold rating in a research report released on Friday morning, The Fly reports.

A number of other research firms have also recently weighed in on RH. UBS Group dropped their price target on RH from $550.00 to $470.00 and set a neutral rating on the stock in a research note on Wednesday, March 30th. Jefferies Financial Group upgraded RH from a hold rating to a buy rating and dropped their price target for the company from $634.00 to $560.00 in a research note on Wednesday, March 30th. Loop Capital lowered their price objective on RH from $800.00 to $700.00 in a research report on Friday, April 1st. Citigroup lowered their price objective on RH from $668.00 to $535.00 and set a buy rating on the stock in a research report on Thursday, March 31st. Finally, Bank of America lowered their price objective on RH from $700.00 to $650.00 and set a buy rating on the stock in a research report on Wednesday, March 30th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of $598.76.

RH traded down $15.90 during trading hours on Friday, reaching $293.31. The company’s stock had a trading volume of 984,746 shares, compared to its average volume of 959,693. RH has a 52 week low of $286.07 and a 52 week high of $744.56. The company’s 50-day moving average is $346.48 and its 200-day moving average is $464.09. The company has a debt-to-equity ratio of 2.36, a quick ratio of 2.22 and a current ratio of 2.91. The firm has a market cap of $6.37 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 1.15 and a beta of 2.19.

RH (NYSE:RHGet Rating) last posted its quarterly earnings results on Tuesday, March 29th. The company reported $5.66 earnings per share for the quarter, beating analysts’ consensus estimates of $5.59 by $0.07. RH had a return on equity of 85.67% and a net margin of 18.32%. The business had revenue of $902.74 million for the quarter, compared to analysts’ expectations of $931.50 million. During the same quarter in the prior year, the business earned $5.07 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities analysts anticipate that RH will post 26.21 earnings per share for the current fiscal year.

In other news, CFO Jack M. Preston sold 2,222 shares of the firm’s stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $350.00, for a total transaction of $777,700.00. Following the completion of the transaction, the chief financial officer now directly owns 5,622 shares in the company, valued at $1,967,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hilary K. Krane sold 138 shares of the firm’s stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $319.64, for a total value of $44,110.32. Following the transaction, the director now owns 6,978 shares of the company’s stock, valued at $2,230,447.92. The disclosure for this sale can be found here. Insiders sold 447,408 shares of company stock valued at $144,336,637 over the last quarter. Corporate insiders own 33.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Darsana Capital Partners LP bought a new stake in RH in the third quarter worth approximately $266,764,000. D1 Capital Partners L.P. increased its holdings in RH by 32.8% in the fourth quarter. D1 Capital Partners L.P. now owns 1,286,235 shares of the company’s stock worth $689,345,000 after purchasing an additional 318,000 shares in the last quarter. Lone Pine Capital LLC increased its holdings in RH by 24.3% in the fourth quarter. Lone Pine Capital LLC now owns 1,603,888 shares of the company’s stock worth $859,588,000 after purchasing an additional 313,268 shares in the last quarter. Select Equity Group L.P. increased its holdings in RH by 169.3% in the fourth quarter. Select Equity Group L.P. now owns 423,889 shares of the company’s stock worth $227,179,000 after purchasing an additional 266,464 shares in the last quarter. Finally, Palestra Capital Management LLC acquired a new stake in RH in the third quarter valued at approximately $165,770,000. Institutional investors own 96.27% of the company’s stock.

RH Company Profile (Get Rating)

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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