The Goldman Sachs Group Lowers RH (NYSE:RH) Price Target to $194.00

RH (NYSE:RH) had its price objective cut by The Goldman Sachs Group from $276.00 to $194.00 in a report published on Monday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms also recently weighed in on RH. Guggenheim cut their target price on RH from $500.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Morgan Stanley reduced their price objective on shares of RH from $530.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. Bank of America cut shares of RH from a “buy” rating to an “underperform” rating and dropped their target price for the company from $410.00 to $130.00 in a research report on Thursday, April 3rd. Loop Capital reduced their price target on shares of RH from $450.00 to $190.00 and set a “hold” rating on the stock in a research report on Friday, April 4th. Finally, StockNews.com downgraded shares of RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $273.31.

RH Stock Performance

Shares of RH stock opened at $188.77 on Monday. The firm has a 50-day moving average of $206.50 and a 200-day moving average of $320.11. RH has a 52-week low of $123.03 and a 52-week high of $457.26. The stock has a market cap of $3.54 billion, a PE ratio of 54.24, a PEG ratio of 2.65 and a beta of 2.36.

RH (NYSE:RH) last announced its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $828.21 million. During the same quarter in the previous year, the company earned $0.72 EPS. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities research analysts predict that RH will post 4.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On RH

Hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC raised its position in shares of RH by 61.3% during the fourth quarter. LPL Financial LLC now owns 9,141 shares of the company’s stock worth $3,598,000 after acquiring an additional 3,473 shares during the last quarter. Sterling Capital Management LLC raised its holdings in RH by 49.7% during the 4th quarter. Sterling Capital Management LLC now owns 762 shares of the company’s stock worth $300,000 after purchasing an additional 253 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of RH by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock worth $19,949,000 after purchasing an additional 445 shares during the period. L.M. Kohn & Company bought a new stake in shares of RH in the 4th quarter valued at $289,000. Finally, Pictet Asset Management Holding SA increased its position in shares of RH by 16.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,257 shares of the company’s stock worth $888,000 after buying an additional 314 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

About RH

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.