Telsey Advisory Group Issues Pessimistic Forecast for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its price objective cut by Telsey Advisory Group from $420.00 to $280.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 12.32% from the stock’s current price.

RH has been the subject of a number of other research reports. Guggenheim decreased their price target on shares of RH from $550.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, March 26th. Stifel Nicolaus dropped their target price on shares of RH from $500.00 to $450.00 and set a “buy” rating for the company in a research report on Monday. Robert W. Baird increased their target price on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Barclays raised RH from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. Finally, UBS Group lowered their target price on shares of RH from $440.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $376.56.

RH Trading Up 4.3 %

Shares of RH stock opened at $249.28 on Thursday. RH has a twelve month low of $175.45 and a twelve month high of $457.26. The company 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. The firm has a fifty day simple moving average of $323.21 and a 200-day simple moving average of $350.91.

RH (NYSE:RH) last released 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 business had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 EPS. Equities research analysts predict that RH will post 4.39 EPS for the current year.

Insider Activity

In related news, Director Keith Belling sold 500 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $417.85, for a total transaction of $208,925.00. Following the transaction, the director now owns 4,970 shares in the company, valued at $2,076,714.50. This trade represents a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward T. Lee sold 600 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,380 shares of company stock valued at $28,922,379. Company insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

Several hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC grew its stake in shares of RH by 0.7% in the 4th quarter. FMR LLC now owns 2,790,314 shares of the company’s stock worth $1,098,240,000 after purchasing an additional 18,040 shares during 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 buying an additional 18,389 shares in the last quarter. Anomaly Capital Management LP boosted its holdings in RH by 9.6% during the fourth quarter. Anomaly Capital Management LP now owns 481,111 shares of the company’s stock worth $189,360,000 after buying an additional 41,986 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of RH by 1,960.8% in the fourth 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 in the last quarter. Finally, Senvest Management LLC lifted its position in shares of RH by 35.6% during the 4th quarter. Senvest Management LLC now owns 315,368 shares of the company’s stock valued at $124,126,000 after acquiring an additional 82,742 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors.

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.