RH’s (RH) Neutral Rating Reiterated at Citigroup

RH (NYSE:RH)‘s stock had its “neutral” rating reaffirmed by equities researchers at Citigroup in a report released on Thursday,Benzinga reports. They presently have a $200.00 price objective on the stock, down from their previous price objective of $437.00. Citigroup’s price target indicates a potential downside of 19.77% from the company’s previous close.

A number of other analysts have also commented on the company. StockNews.com lowered RH from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. Bank of America decreased their target price on RH from $510.00 to $410.00 and set a “buy” rating for the company in a research report on Wednesday, March 26th. Wedbush dropped their price target on shares of RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, March 26th. The Goldman Sachs Group upgraded shares of RH from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $261.00 to $374.00 in a research note on Thursday, January 30th. Finally, Guggenheim lowered their price objective on shares of RH from $550.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $376.56.

RH Price Performance

RH opened at $249.28 on Thursday. The firm has a market cap of $4.64 billion, a PE ratio of 71.63, a P/E/G ratio of 2.65 and a beta of 2.50. The stock has a 50-day moving average price of $323.21 and a 200-day moving average price of $350.91. RH has a 1 year low of $175.45 and a 1 year high of $457.26.

RH (NYSE:RH) last issued its earnings results 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). The firm had revenue of $812.41 million during the quarter, compared to the consensus estimate of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 EPS. As a group, sell-side analysts anticipate that RH will post 4.39 EPS for the current year.

Insider Activity at RH

In related news, CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the transaction, the chief accounting officer now owns 484 shares of the company’s stock, valued at approximately $216,444.80. This represents a 91.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Keith Belling sold 500 shares of the firm’s 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 sale, the director now directly owns 4,970 shares in the company, valued at approximately $2,076,714.50. This represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,380 shares of company stock worth $28,922,379. 28.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On RH

A number of institutional investors have recently added to or reduced their stakes in RH. Versant Capital Management Inc boosted its position in shares of RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after acquiring an additional 70 shares during the last quarter. UMB Bank n.a. increased its holdings in RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after acquiring an additional 39 shares during the last quarter. GAMMA Investing LLC lifted its stake in RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after purchasing an additional 64 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of RH by 690.0% during the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock valued at $31,000 after purchasing an additional 69 shares during the last quarter. Finally, Rakuten Securities Inc. grew its position 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 in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

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.