Vetr Inc. Downgrades RH (RH) to Sell
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.
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.
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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.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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