RH (NYSE:RH) Stock Rating Lowered by The Goldman Sachs Group

RH (NYSE:RH) was downgraded by equities researchers at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a report released on Tuesday, MarketBeat reports. They presently have a $179.00 target price on the stock, down from their previous target price of $199.00. The Goldman Sachs Group’s price target points to a potential downside of 4.28% from the company’s current price.

Several other equities research analysts have also weighed in on the company. Stifel Nicolaus decreased their price objective on RH from $450.00 to $390.00 and set a “buy” rating for the company in a report on Monday, April 7th. Wells Fargo & Company set a $275.00 target price on shares of RH in a research note on Friday, June 13th. Robert W. Baird boosted their price target on shares of RH from $215.00 to $230.00 and gave the company a “neutral” rating in a research report on Monday, June 16th. Morgan Stanley cut their price objective on shares of RH from $530.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of RH from $510.00 to $250.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, RH presently has an average rating of “Hold” and an average target price of $271.56.

RH Stock Up 1.6%

Shares of RH stock opened at $187.00 on Tuesday. The firm has a market cap of $3.50 billion, a P/E ratio of 44.52, a PEG ratio of 0.52 and a beta of 2.19. The company has a 50 day moving average of $187.50 and a 200-day moving average of $283.16. RH has a 12-month low of $123.03 and a 12-month high of $457.26.

RH (NYSE:RH) last released its earnings results on Thursday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.20. The business had revenue of $813.95 million during the quarter, compared to the consensus estimate of $817.66 million. RH had a negative return on equity of 67.71% and a net margin of 2.57%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the business posted ($0.40) earnings per share. As a group, equities analysts expect that RH will post 4.39 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Rhumbline Advisers boosted its position in shares of RH by 1.2% during the 1st quarter. Rhumbline Advisers now owns 40,787 shares of the company’s stock valued at $9,561,000 after acquiring an additional 489 shares during the last quarter. SWS Partners raised its stake in RH by 39.7% in the first quarter. SWS Partners now owns 13,112 shares of the company’s stock valued at $3,074,000 after purchasing an additional 3,725 shares in the last quarter. Intech Investment Management LLC lifted its position in RH by 29.0% during the first quarter. Intech Investment Management LLC now owns 9,790 shares of the company’s stock valued at $2,295,000 after purchasing an additional 2,198 shares during the last quarter. Game Plan Financial Advisors LLC lifted its position in RH by 4.1% during the first quarter. Game Plan Financial Advisors LLC now owns 8,100 shares of the company’s stock valued at $1,899,000 after purchasing an additional 316 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in RH by 6.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 38,622 shares of the company’s stock worth $9,053,000 after buying an additional 2,244 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

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.