RH (NYSE:RH) was downgraded by research analysts at Vetr from a “hold” rating to a “sell” rating in a research report issued on Monday. They currently have a $33.50 price objective on the stock. Vetr‘s target price would indicate a potential downside of 6.37% from the company’s current price.

Several other equities analysts have also issued reports on the stock. Deutsche Bank AG reissued a “hold” rating on shares of RH in a report on Saturday, March 11th. Piper Jaffray Companies assumed coverage on shares of RH in a report on Friday, March 3rd. They issued a “neutral” rating and a $35.00 price target for the company. Zacks Investment Research lowered shares of RH from a “buy” rating to a “hold” rating in a report on Wednesday, March 1st. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of RH in a report on Tuesday, February 28th. Finally, Robert W. Baird set a $32.00 price target on shares of RH and gave the company a “hold” rating in a report on Saturday, February 25th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. RH has a consensus rating of “Hold” and an average price target of $37.20.

Analyst Recommendations for RH (NYSE:RH)

Shares of RH (NYSE:RH) traded down 1.35% during trading on Monday, reaching $35.78. 1,243,972 shares of the company traded hands. The firm’s 50-day moving average is $29.34 and its 200-day moving average is $31.47. The stock has a market capitalization of $1.46 billion, a PE ratio of 50.11 and a beta of 1.57. RH has a 12-month low of $24.41 and a 12-month high of $46.87.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/03/20/vetr-inc-downgrades-rh-rh-to-sell.html

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, February 23rd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.02. RH had a net margin of 1.33% and a return on equity of 7.09%. On average, equities analysts predict that RH will post $1.91 earnings per share for the current fiscal year.

Your IP Address:

Large investors have recently modified their holdings of the company. Nokota Management LP boosted its stake in shares of RH by 176.9% in the fourth quarter. Nokota Management LP now owns 249,654 shares of the company’s stock valued at $7,664,000 after buying an additional 159,490 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of RH during the fourth quarter valued at approximately $10,438,000. Wallace Capital Management Inc. acquired a new stake in shares of RH during the fourth quarter valued at approximately $8,308,000. Kamunting Street Capital Management L.P. acquired a new stake in shares of RH during the fourth quarter valued at approximately $307,000. Finally, Fiera Capital Corp acquired a new stake in shares of RH during the fourth quarter valued at approximately $236,000.

RH Company Profile

RH, formerly Restoration Hardware Holdings, Inc, is a luxury retailer in the home furnishings marketplace. The Company offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. The Company classifies its sales into furniture and non-furniture product lines.

5 Day Chart for NYSE:RH

To view Vetr’s full report, visit Vetr’s official website.

Receive News & Ratings for RH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RH and related companies with MarketBeat.com's FREE daily email newsletter.