TD Cowen Cuts RH (NYSE:RH) Price Target to $200.00

RH (NYSE:RH) had its price objective lowered by TD Cowen from $265.00 to $200.00 in a report published on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Zacks Research upgraded shares of RH from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. Robert W. Baird reduced their price target on shares of RH from $235.00 to $180.00 and set a “neutral” rating on the stock in a report on Friday. Stifel Nicolaus reiterated a “hold” rating and issued a $165.00 price target (down previously from $320.00) on shares of RH in a research note on Friday. Weiss Ratings restated a “hold (c-)” rating on shares of RH in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company boosted their target price on RH from $275.00 to $295.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $238.81.

RH Price Performance

Shares of RH stock opened at $161.94 on Friday. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 0.77 and a beta of 2.09. The company has a quick ratio of 0.26, a current ratio of 1.19 and a debt-to-equity ratio of 944.39. The stock’s 50-day simple moving average is $167.44 and its 200-day simple moving average is $194.11. RH has a 52 week low of $123.03 and a 52 week high of $457.26.

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

Insider Buying and Selling

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

Institutional Trading of RH

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RH. Clearstead Advisors LLC lifted its stake in RH by 713.3% in the third quarter. Clearstead Advisors LLC now owns 122 shares of the company’s stock worth $25,000 after purchasing an additional 107 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of RH in the second quarter worth approximately $26,000. Huntington National Bank lifted its stake in shares of RH by 87.8% during the 3rd quarter. Huntington National Bank now owns 139 shares of the company’s stock worth $28,000 after acquiring an additional 65 shares during the last quarter. AlphaQuest LLC purchased a new position in RH during the 1st quarter valued at $29,000. Finally, Farther Finance Advisors LLC grew its position in RH by 67.8% in the 2nd 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 last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Company Profile

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.