The Goldman Sachs Group Issues Pessimistic Forecast for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its price objective decreased by stock analysts at The Goldman Sachs Group from $195.00 to $144.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective points to a potential downside of 14.14% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. UBS Group restated a “neutral” rating on shares of RH in a research note on Friday. TD Cowen reduced their target price on shares of RH from $265.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, December 12th. Zacks Research raised shares of RH from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. Citigroup upped their price objective on RH from $200.00 to $233.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Finally, Bank of America reduced their price objective on RH from $200.00 to $170.00 and set an “underperform” rating for the company in a report on Friday, December 12th. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $230.25.

RH Stock Up 2.5%

RH stock opened at $167.72 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.26 and a debt-to-equity ratio of 944.39. RH has a 1-year low of $123.03 and a 1-year high of $455.84. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 0.85 and a beta of 2.09. The firm’s fifty day moving average price is $166.13 and its two-hundred day moving average price is $193.87.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, December 11th. The company reported $1.71 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.42). The company had revenue of $883.81 million for 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%.The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.48 earnings per share. On average, equities research analysts predict that RH will post 4.39 earnings per share for the current fiscal year.

Insider Activity at RH

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Clearstead Advisors LLC lifted its position in RH by 713.3% in the third quarter. Clearstead Advisors LLC now owns 122 shares of the company’s stock valued at $25,000 after purchasing an additional 107 shares during the last quarter. AlphaQuest LLC bought a new position in shares of RH in the first quarter worth approximately $29,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of RH in the second quarter worth $26,000. Huntington National Bank raised its holdings in RH by 87.8% during the 3rd quarter. Huntington National Bank now owns 139 shares of the company’s stock valued at $28,000 after buying an additional 65 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in RH during the 3rd quarter valued at $30,000. Hedge funds and other institutional investors 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.