RH (NYSE:RH) Price Target Cut to $300.00 by Analysts at Morgan Stanley

RH (NYSE:RH) had its price objective lowered by investment analysts at Morgan Stanley from $530.00 to $300.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 20.35% from the company’s current price.

RH has been the subject of several other research reports. Loop Capital boosted their target price on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Bank of America reduced their price objective on shares of RH from $510.00 to $410.00 and set a “buy” rating for the company in a research report on Wednesday, March 26th. 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. Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $383.00 to $515.00 in a research note on Wednesday, January 8th. Finally, UBS Group cut their target price on RH from $440.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $350.63.

RH Stock Up 4.3 %

NYSE RH opened at $249.28 on Thursday. RH has a 52 week low of $166.34 and a 52 week high of $457.26. The firm has a 50 day moving average of $323.21 and a two-hundred day moving average of $350.91. The stock has a market capitalization of $4.64 billion, a PE ratio of 71.63, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50.

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

Insider Transactions at RH

In other RH news, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Edward T. Lee sold 600 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $446.73, for a total transaction of $268,038.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,380 shares of company stock worth $28,922,379. Company insiders own 28.10% of the company’s stock.

Institutional Trading of RH

A number of institutional investors have recently added to or reduced their stakes in RH. Versant Capital Management Inc boosted its stake in shares of RH by 7,000.0% during the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after acquiring an additional 70 shares in the last quarter. UMB Bank n.a. raised its holdings in RH by 125.8% during the fourth 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. GAMMA Investing LLC boosted its position in RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after purchasing an additional 64 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in RH by 690.0% in the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock valued at $31,000 after purchasing an additional 69 shares during the last quarter. Finally, Rakuten Securities Inc. increased its position in shares of RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after buying an additional 72 shares in the last quarter. 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.