Loop Capital Issues Pessimistic Forecast for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its price target decreased by equities research analysts at Loop Capital from $450.00 to $190.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Loop Capital’s price objective would indicate a potential upside of 30.70% from the stock’s current price.

A number of other analysts have also recently weighed in on RH. 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. Guggenheim cut their price objective on shares of RH from $500.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday. Robert W. Baird cut their price target on shares of RH from $400.00 to $215.00 and set a “neutral” rating on the stock in a research note on Thursday. Telsey Advisory Group decreased their price objective on shares of RH from $420.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Morgan Stanley dropped their price objective on RH from $530.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday. Three investment 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. According to MarketBeat.com, RH currently has a consensus rating of “Hold” and a consensus target price of $293.81.

RH Stock Down 2.7 %

RH stock opened at $145.37 on Friday. RH has a 52-week low of $123.03 and a 52-week high of $457.26. The firm has a market cap 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 company’s 50 day moving average is $312.06 and its two-hundred day moving average is $348.35.

RH (NYSE:RH) last posted 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). The company had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. RH’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 EPS. On average, equities research analysts anticipate that RH will post 4.39 earnings per share for the current fiscal year.

Insider Transactions at RH

In other news, insider Edward T. Lee sold 600 shares of RH 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Christina Hargarten sold 5,280 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,380 shares of company stock valued at $28,922,379 in the last quarter. Insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its holdings in RH by 0.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company’s stock worth $1,524,000 after purchasing an additional 29 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of RH by 6.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company’s stock worth $216,000 after acquiring an additional 31 shares in the last quarter. Insight Advisors LLC PA boosted its stake in shares of RH by 2.3% during the 4th quarter. Insight Advisors LLC PA now owns 1,449 shares of the company’s stock worth $571,000 after acquiring an additional 33 shares in the last quarter. US Bancorp DE raised its stake in shares of RH by 14.6% in the 4th quarter. US Bancorp DE now owns 283 shares of the company’s stock valued at $111,000 after acquiring an additional 36 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

About RH

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.