Robert W. Baird Has Lowered Expectations for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its price target lowered by investment analysts at Robert W. Baird from $400.00 to $215.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 47.90% from the stock’s previous close.

RH has been the topic of a number of other reports. Citigroup restated a “neutral” rating and issued a $200.00 price target (down from $437.00) on shares of RH in a research note on Thursday. Barclays raised RH from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $383.00 to $515.00 in a research report on Wednesday, January 8th. Telsey Advisory Group reduced their price target on shares of RH from $420.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday. Stifel Nicolaus dropped their price objective on shares of RH from $500.00 to $450.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Finally, The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and upped their target price for the company from $261.00 to $374.00 in a report on Thursday, January 30th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, RH currently has an average rating of “Hold” and a consensus price target of $293.81.

RH Stock Performance

Shares of NYSE:RH opened at $145.37 on Thursday. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 41.77, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44. The business has a 50-day simple moving average of $312.06 and a two-hundred day simple moving average of $348.23. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26.

RH (NYSE:RH) last released its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.33). The company had revenue of $812.41 million for the quarter, compared to analysts’ expectations of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 earnings per share. As a group, research analysts predict that RH will post 4.39 earnings per share for the current year.

Insiders Place Their Bets

In other RH news, CAO Christina Hargarten sold 5,280 shares of the stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at $216,444.80. This trade represents a 91.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Eri Chaya sold 25,000 shares of RH stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. 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. Corporate insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RH. Virtu Financial LLC bought a new stake in shares of RH in the third quarter worth about $4,268,000. Invst LLC purchased a new position in RH during the 3rd quarter valued at approximately $752,000. Cerity Partners LLC grew its holdings 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 buying an additional 1,506 shares in the last quarter. Victory Capital Management Inc. increased its stake in RH by 0.9% in 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 stake in shares of RH during the 4th quarter worth approximately $289,000. 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.