RH (NYSE:RH) Reaches New 1-Year Low After Analyst Downgrade

RH (NYSE:RH)’s stock price hit a new 52-week low during mid-day trading on Friday after Loop Capital lowered their price target on the stock from $450.00 to $190.00. Loop Capital currently has a hold rating on the stock. RH traded as low as $138.40 and last traded at $149.95, with a volume of 12768557 shares changing hands. The stock had previously closed at $249.35.

Several other equities research analysts have also recently weighed in on RH. Wedbush reduced their price objective on RH from $500.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, March 26th. 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 research note on Thursday, January 30th. StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Wells Fargo & Company dropped their target price on RH from $375.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday. Finally, UBS Group dropped their price objective on RH from $250.00 to $235.00 and set a “neutral” rating for the company in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $293.81.

Insider Transactions at RH

In related news, Director Keith Belling sold 500 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $417.85, for a total value of $208,925.00. Following the sale, the director now directly owns 4,970 shares in the company, valued at $2,076,714.50. This trade represents a 9.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Eri Chaya sold 10,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,380 shares of company stock worth $28,922,379. Corporate insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

A number of large investors have recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of RH by 0.7% during the 4th quarter. FMR LLC now owns 2,790,314 shares of the company’s stock worth $1,098,240,000 after acquiring an additional 18,040 shares in the last quarter. Vanguard Group Inc. boosted its holdings in RH by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 1,402,010 shares of the company’s stock worth $551,817,000 after purchasing an additional 18,389 shares during the last quarter. Anomaly Capital Management LP grew its position in RH by 9.6% in the fourth quarter. Anomaly Capital Management LP now owns 481,111 shares of the company’s stock valued at $189,360,000 after purchasing an additional 41,986 shares in the last quarter. Alliancebernstein L.P. increased its stake in RH by 1,960.8% in the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock valued at $143,148,000 after buying an additional 346,050 shares during the last quarter. Finally, Senvest Management LLC lifted its position in RH by 35.6% during the 4th quarter. Senvest Management LLC now owns 315,368 shares of the company’s stock worth $124,126,000 after buying an additional 82,742 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

RH Trading Down 2.7 %

The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 41.77, a P/E/G ratio of 2.65 and a beta of 2.44. The stock’s 50 day moving average price is $312.06 and its 200 day moving average price is $348.35.

RH (NYSE:RH) last issued its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 EPS 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 analyst estimates of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the company posted $0.72 earnings per share. On average, research analysts expect that RH will post 4.39 earnings per share for the current year.

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.