RH (NYSE:RH) Price Target Lowered to $320.00 at Telsey Advisory Group

RH (NYSE:RHFree Report) had its price target trimmed by Telsey Advisory Group from $335.00 to $320.00 in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. They currently have a market perform rating on the stock.

A number of other equities analysts have also weighed in on the stock. Barclays upped their target price on shares of RH from $293.00 to $340.00 and gave the stock an equal weight rating in a research note on Monday, April 1st. Oppenheimer reaffirmed a market perform rating on shares of RH in a research note on Monday, April 1st. Loop Capital upped their target price on shares of RH from $260.00 to $350.00 and gave the stock a hold rating in a research note on Monday, April 1st. Robert W. Baird boosted their price target on shares of RH from $280.00 to $300.00 and gave the stock a neutral rating in a research report on Thursday, March 28th. Finally, The Goldman Sachs Group boosted their price target on shares of RH from $201.00 to $264.00 and gave the stock a sell rating in a research report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, RH presently has an average rating of Hold and an average price target of $331.00.

View Our Latest Report on RH

RH Stock Down 1.2 %

Shares of RH stock opened at $279.25 on Thursday. RH has a 12-month low of $207.26 and a 12-month high of $406.38. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 50.13, a price-to-earnings-growth ratio of 0.87 and a beta of 2.51. The firm has a fifty day moving average of $270.56 and a 200-day moving average of $274.29.

RH (NYSE:RHGet Free Report) last announced its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.99). RH had a net margin of 4.21% and a negative return on equity of 777.61%. The firm had revenue of $738.26 million during the quarter, compared to analyst estimates of $777.50 million. During the same period last year, the firm earned $2.88 EPS. RH’s quarterly revenue was down 4.4% on a year-over-year basis. Research analysts expect that RH will post 8.99 earnings per share for the current year.

Insider Activity

In other news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total value of $616,440.00. Following the sale, the director now directly owns 12,991 shares of the company’s stock, valued at approximately $4,004,086.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other RH news, Director Mark S. Demilio sold 1,000 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total value of $288,990.00. Following the transaction, the director now directly owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total transaction of $616,440.00. Following the transaction, the director now owns 12,991 shares in the company, valued at approximately $4,004,086.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 103,000 shares of company stock valued at $28,897,430. 28.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RH. Jump Financial LLC acquired a new stake in shares of RH during the 3rd quarter worth approximately $615,000. New York State Common Retirement Fund boosted its position in shares of RH by 107.6% during the 3rd quarter. New York State Common Retirement Fund now owns 32,902 shares of the company’s stock worth $8,698,000 after acquiring an additional 17,056 shares in the last quarter. New York Life Investment Management LLC boosted its position in shares of RH by 75.7% during the 3rd quarter. New York Life Investment Management LLC now owns 1,636 shares of the company’s stock worth $432,000 after acquiring an additional 705 shares in the last quarter. Swiss National Bank boosted its position in shares of RH by 22.6% during the 3rd quarter. Swiss National Bank now owns 41,230 shares of the company’s stock worth $10,900,000 after acquiring an additional 7,600 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of RH by 19.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 2,313 shares of the company’s stock worth $611,000 after acquiring an additional 378 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Company Profile

(Get Free Report)

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.

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