RH (NYSE:RH) Price Target Lowered to $250.00 at JPMorgan Chase & Co.

RH (NYSE:RH) had its price target decreased by stock analysts at JPMorgan Chase & Co. from $510.00 to $250.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 55.57% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Robert W. Baird lowered their target price on RH from $400.00 to $215.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Citigroup reiterated a “neutral” rating and set a $200.00 target price (down from $437.00) on shares of RH in a research report on Thursday, April 3rd. UBS Group dropped their price target on shares of RH from $250.00 to $235.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Guggenheim decreased their price objective on RH from $500.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Finally, Wedbush cut their target price on RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, March 26th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $278.44.

RH Trading Down 2.4 %

RH stock traded down $3.92 during mid-day trading on Monday, hitting $160.70. The stock had a trading volume of 894,998 shares, compared to its average volume of 1,376,778. RH has a 52 week low of $123.03 and a 52 week high of $457.26. The firm has a market capitalization of $3.01 billion, a P/E ratio of 46.18, a P/E/G ratio of 2.65 and a beta of 2.44. The firm has a fifty day simple moving average of $277.36 and a 200 day simple moving average of $339.84.

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

Insider Activity

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 value of $268,038.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eri Chaya sold 25,000 shares of the stock in a transaction dated Tuesday, January 14th. The stock was 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 have sold 55,880 shares of company stock valued at $24,550,754 in the last 90 days. Insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

Several hedge funds have recently bought and sold shares of the company. M&T Bank Corp raised its position in shares of RH by 46.1% in the third quarter. M&T Bank Corp now owns 1,334 shares of the company’s stock worth $446,000 after buying an additional 421 shares in the last quarter. Invst LLC bought a new position in shares of RH in the third quarter worth approximately $752,000. Virtu Financial LLC purchased a new stake in RH in the third quarter valued at approximately $4,268,000. Sanctuary Advisors LLC grew its stake in RH by 55.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 3,755 shares of the company’s stock worth $1,382,000 after buying an additional 1,341 shares in the last quarter. Finally, Blankinship & Foster LLC purchased a new stake in shares of RH during the 3rd quarter valued at $846,000. 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.