RH (NYSE:RH) Shares Down 6.7% – Here’s Why

Shares of RH (NYSE:RH) fell 6.7% during mid-day trading on Monday . The stock traded as low as $389.43 and last traded at $391.04. 233,717 shares were traded during trading, a decline of 56% from the average session volume of 529,824 shares. The stock had previously closed at $419.11.

Wall Street Analyst Weigh In

Several research firms have weighed in on RH. The Goldman Sachs Group raised RH from a “sell” rating to a “neutral” rating and upped their target price for the company from $261.00 to $374.00 in a report on Thursday, January 30th. BNP Paribas reaffirmed an “underperform” rating and issued a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Robert W. Baird boosted their price target on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $383.00 to $515.00 in a research note on Wednesday, January 8th. Finally, Wedbush reiterated an “outperform” rating and set a $500.00 target price on shares of RH in a research report on Monday, January 27th. 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $431.60.

RH Stock Performance

The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 119.19, a price-to-earnings-growth ratio of 9.60 and a beta of 2.42. The firm’s 50 day moving average is $407.56 and its 200-day moving average is $340.09.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. During the same period in the prior year, the business posted ($0.42) earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, research analysts predict that RH will post 4.37 EPS for the current year.

Insider Transactions at RH

In other RH news, insider Eri Chaya sold 10,000 shares of the stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Christina Hargarten sold 5,280 shares of the business’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 owns 484 shares in the company, valued at $216,444.80. This represents a 91.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,880 shares of company stock worth $29,129,879. 28.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RH

Several institutional investors have recently bought and sold shares of RH. Insight Advisors LLC PA lifted its position in RH by 2.3% during the 4th quarter. Insight Advisors LLC PA now owns 1,449 shares of the company’s stock valued at $571,000 after purchasing an additional 33 shares during the period. Nisa Investment Advisors LLC raised its position in shares of RH by 4.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock valued at $250,000 after acquiring an additional 35 shares during the last quarter. US Bancorp DE lifted its stake in shares of RH by 14.6% in the 4th quarter. US Bancorp DE now owns 283 shares of the company’s stock valued at $111,000 after purchasing an additional 36 shares during the period. UMB Bank n.a. boosted its position in shares of RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of RH by 4.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,356 shares of the company’s stock worth $534,000 after purchasing an additional 52 shares during the period. Institutional investors 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.