Telsey Advisory Group Cuts RH (NYSE:RH) Price Target to $185.00

RH (NYSE:RH) had its target price lowered by Telsey Advisory Group from $220.00 to $185.00 in a research note released on Friday morning, Marketbeat reports. The brokerage currently has a market perform rating on the stock.

Other analysts have also issued research reports about the stock. TD Cowen raised their price objective on shares of RH from $235.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Wells Fargo & Company raised their target price on RH from $275.00 to $295.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Cowen reaffirmed a “buy” rating on shares of RH in a report on Friday, September 12th. Citigroup raised their price objective on shares of RH from $200.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of RH in a research report on Wednesday, October 8th. Nine 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. Based on data from MarketBeat.com, RH has a consensus rating of “Hold” and a consensus target price of $238.81.

RH Stock Performance

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

RH (NYSE:RH) last issued 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). RH had a net margin of 3.22% and a negative return on equity of 161.72%. The firm had revenue of $883.81 million during the quarter, compared to analyst estimates of $883.65 million. During the same quarter in the prior year, the firm posted $2.48 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, analysts predict that RH will post 4.39 EPS for the current fiscal year.

Insider Transactions at RH

In other news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction dated 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 approximately $5,812,576.08. This trade represents a 7.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 27.00% of the company’s stock.

Hedge Funds Weigh In On RH

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in RH by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,409,962 shares of the company’s stock worth $330,509,000 after acquiring an additional 7,952 shares during the period. Senvest Management LLC boosted its position in shares of RH by 54.6% in the 2nd quarter. Senvest Management LLC now owns 733,894 shares of the company’s stock worth $138,713,000 after purchasing an additional 259,200 shares during the last quarter. Durable Capital Partners LP grew its stake in shares of RH by 125.1% during the second quarter. Durable Capital Partners LP now owns 646,097 shares of the company’s stock worth $122,119,000 after purchasing an additional 359,101 shares during the period. Alliancebernstein L.P. increased its holdings in RH by 66.1% in the third quarter. Alliancebernstein L.P. now owns 573,666 shares of the company’s stock valued at $116,546,000 after purchasing an additional 228,229 shares during the last quarter. Finally, Atreides Management LP lifted its stake in RH by 69.1% in the first quarter. Atreides Management LP now owns 473,321 shares of the company’s stock valued at $110,951,000 after buying an additional 193,404 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.