RH (NYSE:RH) Stock Price Down 10.2% – Time to Sell?

RH (NYSE:RH) shares traded down 10.2% during trading on Monday . The stock traded as low as $236.91 and last traded at $235.57. 328,811 shares were traded during trading, a decline of 47% from the average session volume of 617,832 shares. The stock had previously closed at $262.43.

Analyst Upgrades and Downgrades

RH has been the topic of several research analyst 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. BNP Paribas restated an “underperform” rating and set a $253.00 price target on shares of RH in a research note on Wednesday, November 13th. 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 report on Wednesday, January 8th. Wells Fargo & Company boosted their target price on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, The Goldman Sachs Group upgraded shares of RH from a “sell” rating to a “neutral” rating and upped their price target for the company from $261.00 to $374.00 in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $431.60.

RH Stock Performance

The stock has a market cap of $4.34 billion, a PE ratio of 67.07, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. The company has a 50 day moving average of $388.33 and a two-hundred day moving average of $354.64.

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

Insiders Place Their Bets

In other news, 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 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 10,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was 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 ninety days, insiders sold 66,880 shares of company stock worth $29,129,879. 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 made changes to their positions in RH. Copia Wealth Management purchased a new stake in RH in the 4th quarter valued at $106,000. Polar Asset Management Partners Inc. boosted its position in shares of RH by 321.4% during the 4th quarter. Polar Asset Management Partners Inc. now owns 17,700 shares of the company’s stock valued at $6,967,000 after acquiring an additional 13,500 shares during the last quarter. Putney Financial Group LLC purchased a new stake in shares of RH in the fourth quarter valued at about $98,000. Invst LLC increased its position in RH by 4.1% during the fourth quarter. Invst LLC now owns 2,342 shares of the company’s stock worth $922,000 after purchasing an additional 93 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its stake in RH by 690.0% during the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock worth $31,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds 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.