Citigroup Reaffirms Neutral Rating for RH (NYSE:RH)

RH (NYSE:RH)‘s stock had its “neutral” rating reissued by Citigroup in a report released on Thursday, MarketBeat Ratings reports. They currently have a $200.00 price target on the stock, down from their previous price target of $437.00. Citigroup’s price target suggests a potential upside of 37.58% from the company’s current price.

Other research analysts have also recently issued reports about the company. Wedbush lowered their price target on RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, March 26th. UBS Group dropped their target price on shares of RH from $440.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Guggenheim decreased their price target on shares of RH from $550.00 to $500.00 and set a “buy” rating on the stock in a research note on Wednesday, March 26th. Bank of America cut their price objective on RH from $510.00 to $410.00 and set a “buy” rating for the company in a research report on Wednesday, March 26th. Finally, StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, RH currently has a consensus rating of “Hold” and an average price target of $293.81.

RH Trading Down 2.7 %

RH stock opened at $145.37 on Thursday. RH has a 12-month low of $123.03 and a 12-month high of $457.26. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 41.77, a P/E/G ratio of 2.65 and a beta of 2.44. The firm has a 50 day moving average of $312.06 and a 200 day moving average of $348.23.

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

Insider Transactions at RH

In related news, insider Edward T. Lee sold 600 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $446.73, for a total transaction of $268,038.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the sale, the chief accounting officer now owns 484 shares in the company, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,380 shares of company stock worth $28,922,379. 28.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RH

Hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its position in shares of RH by 7,000.0% during the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after buying an additional 70 shares in the last quarter. UMB Bank n.a. increased its position in RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares during the period. GAMMA Investing LLC raised its holdings in shares of RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after purchasing an additional 64 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of RH by 690.0% in the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock worth $31,000 after purchasing an additional 69 shares during the period. Finally, Rakuten Securities Inc. boosted its stake in shares of RH by 180.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after purchasing an additional 72 shares in the last quarter. 90.17% of the stock is currently owned by 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.