RH (NYSE:RH – Get Free Report)’s stock price fell 4.3% during trading on Tuesday after Loop Capital lowered their price target on the stock from $350.00 to $230.00. Loop Capital currently has a hold rating on the stock. RH traded as low as $221.30 and last traded at $221.60. 596,298 shares traded hands during trading, a decline of 16% from the average session volume of 707,671 shares. The stock had previously closed at $231.48.
A number of other research firms also recently issued reports on RH. Barclays lifted their price objective on shares of RH from $293.00 to $340.00 and gave the company an “equal weight” rating in a report on Monday, April 1st. Oppenheimer reaffirmed a “market perform” rating on shares of RH in a research report on Monday, April 1st. TD Cowen reduced their price objective on shares of RH from $350.00 to $325.00 and set a “buy” rating for the company in a research report on Friday. Wells Fargo & Company reduced their price objective on shares of RH from $360.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Bank of America reduced their price objective on shares of RH from $375.00 to $325.00 and set a “buy” rating for the company in a research report on Friday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, RH presently has a consensus rating of “Hold” and a consensus price target of $310.46.
Insider Activity at RH
In related news, insider Eri Chaya sold 100,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $279.92, for a total value of $27,992,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 12,991 shares of the company’s stock, valued at $4,004,086.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Eri Chaya sold 100,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $279.92, for a total value of $27,992,000.00. The disclosure for this sale can be found here. Insiders sold a total of 103,000 shares of company stock valued at $28,897,430 over the last quarter. 28.10% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Klein Pavlis & Peasley Financial Inc. acquired a new position in RH during the fourth quarter worth about $1,246,000. Moody National Bank Trust Division acquired a new position in shares of RH in the fourth quarter valued at approximately $1,043,000. Xcel Wealth Management LLC increased its stake in shares of RH by 6.9% in the fourth quarter. Xcel Wealth Management LLC now owns 95,373 shares of the company’s stock valued at $27,799,000 after buying an additional 6,165 shares during the period. Locust Wood Capital Advisers LLC increased its stake in shares of RH by 190.9% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 87,408 shares of the company’s stock valued at $25,478,000 after buying an additional 57,362 shares during the period. Finally, Findell Capital Management LLC acquired a new position in shares of RH in the fourth quarter valued at approximately $5,247,000. Institutional investors and hedge funds own 90.17% of the company’s stock.
RH Stock Down 4.7 %
The company has a 50 day moving average price of $263.51 and a 200-day moving average price of $273.64. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 61.10, a P/E/G ratio of 0.76 and a beta of 2.51.
RH (NYSE:RH – Get Free Report) last released its quarterly earnings data on Thursday, June 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.32). RH had a net margin of 2.72% and a negative return on equity of 29.15%. The firm had revenue of $726.96 million during the quarter, compared to analyst estimates of $725.15 million. During the same period in the prior year, the company earned $2.21 EPS. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, analysts forecast that RH will post 8.84 EPS for the current fiscal year.
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.