RH (NYSE:RH) Trading Down 6.7% – What’s Next?

RH (NYSE:RH)’s share price was down 6.7% during mid-day trading on Monday . The company traded as low as $389.43 and last traded at $391.04. Approximately 233,717 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 529,824 shares. The stock had previously closed at $419.11.

Analyst Ratings Changes

RH has been the topic of several recent analyst reports. Wedbush reissued an “outperform” rating and issued a $500.00 target price on shares of RH in a research note on Monday, January 27th. The Goldman Sachs Group upgraded shares of RH from a “sell” rating to a “neutral” rating and upped their price target for the stock from $261.00 to $374.00 in a research note on Thursday, January 30th. Robert W. Baird lifted 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. BNP Paribas reissued an “underperform” rating and set a $253.00 price objective on shares of RH in a report on Wednesday, November 13th. Finally, Telsey Advisory Group upgraded RH from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $485.00 to $500.00 in a research note on Thursday, December 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $431.60.

RH Stock Performance

The business’s fifty day moving average is $407.56 and its two-hundred day moving average is $340.09. The company has a market cap of $7.71 billion, a P/E ratio of 119.19, a price-to-earnings-growth ratio of 9.60 and a beta of 2.42.

RH (NYSE:RH) last issued 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 the consensus estimate of $812.19 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned ($0.42) EPS. Analysts expect that RH will post 4.37 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith Belling sold 500 shares of RH stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $417.85, for a total value of $208,925.00. Following the transaction, the director now owns 4,970 shares of the company’s stock, valued at $2,076,714.50. The trade was a 9.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, 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

Large investors have recently bought and sold shares of the business. Creative Planning lifted its position in shares of RH by 4.2% in the second quarter. Creative Planning now owns 2,426 shares of the company’s stock valued at $593,000 after acquiring an additional 97 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in RH in the 2nd quarter valued at about $601,000. Handelsbanken Fonder AB lifted its holdings in shares of RH by 130.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 7,596 shares of the company’s stock worth $2,540,000 after acquiring an additional 4,300 shares during the last quarter. O Keefe Stevens Advisory Inc. purchased a new position in shares of RH during the third quarter worth $307,000. Finally, CWM LLC grew its position in RH by 47.2% in the 3rd quarter. CWM LLC now owns 468 shares of the company’s stock valued at $157,000 after acquiring an additional 150 shares in the last quarter. 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.