Barclays Lowers RH (NYSE:RH) Price Target to $436.00

RH (NYSE:RH) had its price target decreased by analysts at Barclays from $515.00 to $436.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 199.93% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. UBS Group decreased their price target on RH from $440.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Guggenheim lowered their price target on shares of RH from $550.00 to $500.00 and set a “buy” rating for the company in a report on Wednesday, March 26th. The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and upped their price objective for the company from $261.00 to $374.00 in a research note on Thursday, January 30th. Telsey Advisory Group lowered their target price on shares of RH from $420.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, StockNews.com cut shares of RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $293.81.

RH Price Performance

Shares of NYSE RH opened at $145.37 on Thursday. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The firm has a market cap of $2.70 billion, a PE ratio of 41.77, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44. The company has a 50 day simple moving average of $312.06 and a 200 day simple moving average of $348.23.

RH (NYSE:RH) last issued its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business had revenue of $812.41 million for the quarter, compared to analyst estimates of $828.21 million. During the same quarter last year, the firm posted $0.72 EPS. RH’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, research analysts anticipate that RH will post 4.39 earnings per share for the current fiscal year.

Insider Transactions at RH

In other news, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the completion of the transaction, the chief accounting officer now directly owns 484 shares in the company, valued at $216,444.80. This trade represents a 91.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eri Chaya sold 10,000 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $416.27, for a total transaction of $4,162,700.00. The disclosure for this sale can be found here. Insiders have sold 66,380 shares of company stock valued at $28,922,379 over the last ninety days. 28.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On RH

Hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new position in shares of RH in the third quarter valued at approximately $4,268,000. Invst LLC purchased a new stake in RH in the 3rd quarter valued at $752,000. Cerity Partners LLC lifted its stake in RH by 139.7% during the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after acquiring an additional 1,506 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in RH by 0.9% during the 4th quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock worth $19,949,000 after acquiring an additional 445 shares during the last quarter. Finally, L.M. Kohn & Company purchased a new position in RH during the 4th quarter worth $289,000. Institutional investors and hedge funds 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.