RH (NYSE:RH) Stock Rating Lowered by Bank of America

RH (NYSE:RH) was downgraded by investment analysts at Bank of America from a “buy” rating to an “underperform” rating in a report issued on Thursday, Marketbeat Ratings reports. They presently have a $130.00 price objective on the stock, down from their previous price objective of $410.00. Bank of America‘s price target indicates a potential downside of 10.57% from the stock’s previous close.

A number of other research analysts also recently weighed in on RH. Guggenheim lowered their price objective on shares of RH from $500.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday. Wells Fargo & Company cut their price objective on RH from $375.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday. Telsey Advisory Group lowered their target price on RH from $420.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday. The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and boosted their price target for the company from $261.00 to $374.00 in a research note on Thursday, January 30th. Finally, StockNews.com downgraded shares of RH from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, RH presently 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. The stock’s 50 day simple moving average is $312.06 and its 200 day simple moving average is $348.23. RH has a 12-month low of $123.03 and a 12-month high of $457.26. The stock has a market capitalization 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.

RH (NYSE:RH) last announced its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) 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 business had revenue of $812.41 million for the quarter, compared to the consensus estimate of $828.21 million. During the same period in the previous year, the company earned $0.72 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, research analysts predict that RH will post 4.39 earnings per share for the current year.

Insider Transactions at RH

In related news, Director Keith Belling sold 500 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the completion of the sale, the director now owns 4,970 shares in the company, valued at approximately $2,076,714.50. This trade represents a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eri Chaya sold 25,000 shares of RH stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $426.41, for a total value of $10,660,250.00. The disclosure for this sale can be found here. Insiders sold a total of 66,380 shares of company stock valued at $28,922,379 over the last three months. Corporate insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

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