RH (NYSE:RH) Shares Down 6.9%

RH (NYSE:RH)’s stock price traded down 6.9% during trading on Wednesday . The stock traded as low as $266.39 and last traded at $268.89. 218,337 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 663,265 shares. The stock had previously closed at $288.70.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of RH from $350.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Telsey Advisory Group restated a “market perform” rating and issued a $335.00 target price (up previously from $285.00) on shares of RH in a research note on Tuesday, March 26th. JPMorgan Chase & Co. boosted their target price on shares of RH from $329.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Robert W. Baird boosted their target price on shares of RH from $280.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. Finally, The Goldman Sachs Group boosted their target price on shares of RH from $201.00 to $264.00 and gave the company a “sell” rating in a research note on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $332.15.

RH Trading Up 2.5 %

The business has a 50 day moving average of $279.23 and a 200-day moving average of $267.87. The firm has a market capitalization of $4.89 billion, a P/E ratio of 47.95, a PEG ratio of 2.87 and a beta of 2.46.

RH (NYSE:RH) last released its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.99). RH had a negative return on equity of 777.61% and a net margin of 4.21%. The firm had revenue of $738.26 million for the quarter, compared to analyst estimates of $777.50 million. During the same period last year, the company earned $2.88 EPS. The company’s revenue was down 4.4% compared to the same quarter last year. On average, analysts anticipate that RH will post 9.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Mark S. Demilio sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total value of $288,990.00. Following the completion of the sale, the director now owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total value of $616,440.00. Following the completion of the sale, the director now owns 12,991 shares of the company’s stock, valued at approximately $4,004,086.02. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark S. Demilio sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total value of $288,990.00. Following the completion of the sale, the director now directly owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The disclosure for this sale can be found here. Insiders own 23.90% of the company’s stock.

Institutional Investors Weigh In On RH

Several hedge funds have recently added to or reduced their stakes in RH. Morgan Stanley lifted its holdings in RH by 145.6% during the 4th quarter. Morgan Stanley now owns 594,574 shares of the company’s stock valued at $158,864,000 after purchasing an additional 352,456 shares during the last quarter. FMR LLC increased its position in RH by 11.5% during the 3rd quarter. FMR LLC now owns 2,143,424 shares of the company’s stock worth $566,636,000 after buying an additional 221,858 shares during the period. Steadfast Capital Management LP increased its position in RH by 239.4% during the 4th quarter. Steadfast Capital Management LP now owns 288,949 shares of the company’s stock worth $77,204,000 after buying an additional 203,826 shares during the period. Norges Bank bought a new position in RH during the 4th quarter worth $46,157,000. Finally, Bank of America Corp DE increased its position in RH by 148.8% during the 1st quarter. Bank of America Corp DE now owns 244,618 shares of the company’s stock worth $59,577,000 after buying an additional 146,280 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

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.