UBS Group Issues Pessimistic Forecast for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its price target lowered by equities research analysts at UBS Group from $250.00 to $235.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 61.66% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. 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. Robert W. Baird decreased their target price on shares of RH from $400.00 to $215.00 and set a “neutral” rating on the stock in a research report on Thursday. Wedbush dropped their price target on shares of RH from $500.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, March 26th. StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Finally, The Goldman Sachs Group raised RH from a “sell” rating to a “neutral” rating and lifted their price objective 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $293.81.

RH Stock Down 2.7 %

Shares of 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 company 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. The firm has a 50 day moving average price of $312.06 and a two-hundred day moving average price of $348.23.

RH (NYSE:RH) last released its quarterly earnings results 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 firm had revenue of $812.41 million for the quarter, compared to analyst estimates of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 earnings per share. As a group, research analysts expect that RH will post 4.39 EPS for the current year.

Insiders Place Their Bets

In other news, Director Keith Belling sold 500 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $417.85, for a total value of $208,925.00. Following the completion of the transaction, the director now directly owns 4,970 shares in the company, valued at approximately $2,076,714.50. This represents a 9.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eri Chaya sold 10,000 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $416.27, for a total value of $4,162,700.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,380 shares of company stock valued at $28,922,379. 28.10% of the stock is currently owned by corporate insiders.

Institutional Trading of RH

A number of hedge funds have recently made changes to their positions in RH. Alliancebernstein L.P. grew its stake in shares of RH by 1,960.8% in the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock worth $143,148,000 after purchasing an additional 346,050 shares during the last quarter. Norges Bank bought a new position in shares of RH during the fourth quarter worth about $54,314,000. Raymond James Financial Inc. acquired a new position in shares of RH in the fourth quarter worth approximately $52,190,000. Freestone Grove Partners LP bought a new stake in RH in the fourth quarter valued at approximately $44,744,000. Finally, American Century Companies Inc. raised its holdings in RH by 2,227.7% during the 4th quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock worth $41,603,000 after purchasing an additional 101,160 shares during the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

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.