Stifel Nicolaus Cuts RH (NYSE:RH) Price Target to $450.00

by · The Cerbat Gem

RH (NYSE:RH – Free Report) had its target price reduced by Stifel Nicolaus from $500.00 to $450.00 in a report published on Monday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other brokerages also recently commented on RH. Citigroup reduced their price objective on shares of RH from $556.00 to $437.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Telsey Advisory Group reduced their price target on RH from $500.00 to $420.00 and set an “outperform” rating for the company in a report on Monday, March 24th. Robert W. Baird upped their price objective on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Loop Capital raised their target price on RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Finally, Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $435.00 to $530.00 in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $400.13.

View Our Latest Analysis on RH

RH Stock Up 4.3 %

Shares of NYSE RH opened at $249.28 on Monday. The business has a 50-day moving average price of $323.21 and a 200 day moving average price of $350.91. The stock has a market cap 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 has a 52-week low of $212.04 and a 52-week high of $457.26.

RH (NYSE:RH – Get Free Report) last issued its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.33). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business had revenue of $812.41 million for the quarter, compared to analysts’ expectations of $828.21 million. During the same period in the previous year, the business posted $0.72 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. Sell-side analysts anticipate that RH will post 4.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Christina Hargarten sold 5,280 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the completion of the sale, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at approximately $216,444.80. This trade represents a 91.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $268,038.00. The disclosure for this sale can be found here. Insiders have sold a total of 66,380 shares of company stock worth $28,922,379 over the last quarter. 28.10% of the stock is owned by corporate insiders.

Institutional Trading of RH

Hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc lifted its position in shares of RH by 7,000.0% in the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after buying an additional 70 shares during the last quarter. UMB Bank n.a. raised its stake 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 acquiring an additional 39 shares during the period. GAMMA Investing LLC lifted its holdings in RH by 533.3% in the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after acquiring an additional 64 shares during the last quarter. Sunbelt Securities Inc. boosted its stake 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 acquiring an additional 69 shares during the period. Finally, Rakuten Securities Inc. grew its holdings in shares of RH by 180.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after purchasing an additional 72 shares during the last quarter. 90.17% of the stock is owned by institutional investors.

RH Company Profile

(Get Free Report)

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.

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