Guggenheim Issues Pessimistic Forecast for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its price target reduced by investment analysts at Guggenheim from $500.00 to $300.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Guggenheim’s target price points to a potential upside of 106.37% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. UBS Group dropped their price objective on RH from $440.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Wells Fargo & Company cut their price target on shares of RH from $500.00 to $375.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and raised their price objective for the company from $261.00 to $374.00 in a research note on Thursday, January 30th. Telsey Advisory Group dropped their price objective on shares of RH from $420.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Barclays cut their target price on shares of RH from $515.00 to $436.00 and set an “overweight” rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, RH has a consensus rating of “Hold” and an average price target of $293.81.

RH Price Performance

NYSE RH opened at $145.37 on Thursday. The stock has a market capitalization of $2.70 billion, a P/E ratio of 41.77, a PEG ratio of 2.65 and a beta of 2.44. The firm’s 50-day moving average is $312.06 and its two-hundred day moving average is $348.23. RH has a 12 month low of $123.03 and a 12 month high of $457.26.

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

Insider Activity at RH

In related news, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total value of $11,261,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith Belling sold 500 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the sale, the director now owns 4,970 shares of the company’s stock, valued at $2,076,714.50. This represents a 9.14 % decrease in their position. 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 quarter. 28.10% of the stock is owned by insiders.

Hedge Funds Weigh In On RH

Hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in RH by 14.0% in the fourth quarter. Wellington Management Group LLP now owns 44,880 shares of the company’s stock valued at $17,664,000 after buying an additional 5,506 shares during the last quarter. 111 Capital acquired a new position in shares of RH in the 4th quarter valued at $211,000. PKO Investment Management Joint Stock Co purchased a new stake in RH in the 4th quarter valued at $590,000. Copia Wealth Management acquired a new stake in RH during the 4th quarter worth $106,000. Finally, Polar Asset Management Partners Inc. grew its position in RH by 321.4% during the 4th quarter. Polar Asset Management Partners Inc. now owns 17,700 shares of the company’s stock worth $6,967,000 after purchasing an additional 13,500 shares during the last quarter. Hedge funds and other institutional investors 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.