RH (NYSE:RH) Stock Price Down 4.5% – What’s Next?

Shares of RH (NYSE:RH) traded down 4.5% during trading on Monday . The stock traded as low as $216.32 and last traded at $214.98. 260,240 shares changed hands during trading, a decline of 66% from the average session volume of 755,216 shares. The stock had previously closed at $225.06.

Analyst Ratings Changes

Several analysts recently issued reports on RH shares. Stifel Nicolaus lifted their target price on RH from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $485.00 to $500.00 in a research report on Thursday, December 19th. Wedbush restated an “outperform” rating and set a $500.00 target price on shares of RH in a research report on Tuesday, February 18th. Robert W. Baird raised their target price on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, StockNews.com upgraded shares of RH from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, RH presently has a consensus rating of “Moderate Buy” and an average price target of $431.60.

RH Trading Down 1.8 %

The stock has a market capitalization of $4.11 billion, a PE ratio of 63.48, a PEG ratio of 2.65 and a beta of 2.50. The business’s 50 day moving average is $371.63 and its 200 day moving average is $353.08.

RH (NYSE:RH) last announced its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. During the same quarter last year, the firm earned ($0.42) EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, analysts anticipate that RH will post 4.39 EPS for the current year.

Insider Buying and Selling

In other news, CAO Christina Hargarten sold 5,280 shares of the firm’s 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 transaction, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at approximately $216,444.80. This trade represents a 91.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Keith Belling sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the sale, the director now owns 5,470 shares of the company’s stock, valued at $2,270,050. The trade was a 8.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 66,880 shares of company stock valued at $29,129,879. Insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

Several institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in RH in the third quarter worth approximately $4,268,000. Invst LLC purchased a new position in shares of RH in the 3rd quarter valued at $752,000. Cerity Partners LLC raised its position in shares of RH by 139.7% in the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock worth $864,000 after acquiring an additional 1,506 shares in the last quarter. L.M. Kohn & Company purchased a new stake in shares of RH during the 4th quarter worth $289,000. Finally, Victory Capital Management Inc. boosted its position in RH by 0.9% during the fourth quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock valued at $19,949,000 after purchasing an additional 445 shares in the last quarter. Hedge funds and other 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.