Bank of America Cuts RH (NYSE:RH) Price Target to $170.00

RH (NYSE:RH) had its price target decreased by Bank of America from $200.00 to $170.00 in a research report report published on Friday,Benzinga reports. Bank of America currently has an underperform rating on the stock.

Several other analysts also recently weighed in on the company. William Blair downgraded RH from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 2nd. Citigroup raised their price target on RH from $200.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price objective on shares of RH in a report on Friday, September 12th. Stifel Nicolaus reissued a “hold” rating and set a $165.00 target price (down previously from $320.00) on shares of RH in a research note on Friday. Finally, Wells Fargo & Company upped their price target on shares of RH from $275.00 to $295.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $238.81.

RH Stock Up 5.6%

RH stock opened at $161.94 on Friday. The stock has a market cap of $3.04 billion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 0.77 and a beta of 2.09. The firm’s 50-day simple moving average is $167.44 and its 200 day simple moving average is $194.11. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The company has a quick ratio of 0.26, a current ratio of 1.19 and a debt-to-equity ratio of 944.39.

RH (NYSE:RH) last posted its earnings results on Thursday, December 11th. The company reported $1.71 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.42). The firm had revenue of $883.81 million during the quarter, compared to the consensus estimate of $883.65 million. RH had a negative return on equity of 161.72% and a net margin of 3.22%.RH’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the company posted $2.48 EPS. As a group, sell-side analysts predict that RH will post 4.39 EPS for the current year.

Insider Buying and Selling at RH

In other news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $236.13, for a total value of $472,260.00. Following the transaction, the director owned 24,616 shares of the company’s stock, valued at $5,812,576.08. The trade was a 7.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 27.00% of the company’s stock.

Institutional Trading of RH

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ridgewood Investments LLC lifted its stake in RH by 19.8% during the second quarter. Ridgewood Investments LLC now owns 303 shares of the company’s stock valued at $57,000 after buying an additional 50 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of RH by 67.8% during the second quarter. Farther Finance Advisors LLC now owns 151 shares of the company’s stock valued at $29,000 after acquiring an additional 61 shares during the period. Arizona State Retirement System lifted its position in shares of RH by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 4,434 shares of the company’s stock valued at $901,000 after acquiring an additional 62 shares in the last quarter. UMB Bank n.a. boosted its stake in RH by 53.8% in the 2nd quarter. UMB Bank n.a. now owns 180 shares of the company’s stock worth $34,000 after purchasing an additional 63 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its position in RH by 12.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 605 shares of the company’s stock worth $114,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds 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.