RH (NYSE:RH) Earns Neutral Rating from Citigroup

RH (NYSE:RH)‘s stock had its “neutral” rating reaffirmed by analysts at Citigroup in a research report issued on Thursday,Benzinga reports. They currently have a $200.00 price target on the stock, down from their previous price target of $437.00. Citigroup’s target price would indicate a potential downside of 19.77% from the company’s previous close.

RH has been the subject of a number of other reports. Wells Fargo & Company lowered their price objective on shares of RH from $500.00 to $375.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. The Goldman Sachs Group raised 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 report on Thursday, January 30th. Telsey Advisory Group cut their price objective on shares of RH from $500.00 to $420.00 and set an “outperform” rating on the stock in a report on Monday, March 24th. Robert W. Baird upped 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. Finally, Wedbush cut their price target on RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, RH presently has an average rating of “Hold” and a consensus target price of $376.56.

RH Trading Up 4.3 %

Shares of RH opened at $249.28 on Thursday. The company’s fifty day simple moving average is $323.21 and its 200-day simple moving average is $350.91. The company has a market cap of $4.64 billion, a P/E ratio of 71.63, a P/E/G ratio of 2.65 and a beta of 2.50. RH has a twelve month low of $175.45 and a twelve month high of $457.26.

RH (NYSE:RH) last announced its quarterly earnings data 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 the consensus estimate of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company earned $0.72 EPS. Analysts predict that RH will post 4.39 earnings per share for the current fiscal year.

Insider Buying and Selling at RH

In related news, insider Eri Chaya sold 25,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total value of $11,261,250.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Keith Belling sold 500 shares of RH 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 sale, the director now owns 4,970 shares of the company’s stock, valued at approximately $2,076,714.50. The trade was a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,380 shares of company stock worth $28,922,379. 28.10% of the stock is owned by corporate insiders.

Institutional Trading of RH

A number of hedge funds and other institutional investors have recently made changes to their positions in RH. Cerity Partners LLC boosted its holdings in RH by 139.7% in the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after purchasing an additional 1,506 shares during the last quarter. Polymer Capital Management HK LTD purchased a new position in shares of RH during the 3rd quarter valued at about $201,000. Polar Asset Management Partners Inc. acquired a new position in shares of RH in the 3rd quarter valued at about $1,405,000. Quarry LP purchased a new stake in shares of RH in the third quarter worth about $141,000. Finally, Quantinno Capital Management LP grew its holdings in RH by 58.4% during the third quarter. Quantinno Capital Management LP now owns 1,825 shares of the company’s stock worth $610,000 after acquiring an additional 673 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.