RH (NYSE:RH) Price Target Cut to $155.00 by Analysts at Citigroup

RH (NYSE:RH) had its target price decreased by Citigroup from $166.00 to $155.00 in a research note published on Friday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Other equities research analysts also recently issued reports about the company. Wall Street Zen raised RH from a “sell” rating to a “hold” rating in a research note on Saturday, September 12th. UBS Group set a $190.00 target price on RH in a research note on Friday, September 11th. Wells Fargo & Company reduced their price objective on RH from $225.00 to $175.00 and set an “overweight” rating for the company in a research report on Friday, September 11th. JPMorgan Chase & Co. dropped their price objective on RH from $212.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday, September 11th. Finally, Stifel Nicolaus lowered their price target on shares of RH from $130.00 to $120.00 and set a “hold” rating for the company in a report on Monday, September 28th. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $163.00.

RH Stock Performance

NYSE:RH traded down $6.26 during mid-day trading on Friday, hitting $131.17. The stock had a trading volume of 682,730 shares, compared to its average volume of 860,114. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 2.82 and a beta of 1.92. The company has a current ratio of 1.12, a quick ratio of 0.37 and a debt-to-equity ratio of 26.57. RH has a 52 week low of $106.30 and a 52 week high of $239.40. The company has a 50 day simple moving average of $130.34 and a 200-day simple moving average of $152.07.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, September 10th. The company reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $2.32. The business had revenue of $922.15 million for the quarter, compared to analysts’ expectations of $915.09 million. RH had a net margin of 3.23% and a return on equity of 132.79%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.93 earnings per share. On average, research analysts expect that RH will post 5.19 earnings per share for the current fiscal year.

Insider Transactions at RH

In other RH news, Director Mark Demilio sold 1,000 shares of the stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $132.00, for a total value of $132,000.00. Following the completion of the sale, the director owned 25,680 shares in the company, valued at $3,389,760. This trade represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 26.90% of the company’s stock.

Institutional Investors Weigh In On RH

A number of institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. grew its position in RH by 4.6% during the third quarter. Russell Investments Group Ltd. now owns 51,503 shares of the company’s stock worth $6,271,000 after buying an additional 2,262 shares in the last quarter. D.B. Root & Company LLC increased its stake in shares of RH by 1.4% in the third quarter. D.B. Root & Company LLC now owns 8,531 shares of the company’s stock valued at $1,039,000 after buying an additional 118 shares during the period. Fulcrum Asset Management LLP lifted its position in shares of RH by 12,936.7% in the 3rd quarter. Fulcrum Asset Management LLP now owns 3,911 shares of the company’s stock worth $478,000 after purchasing an additional 3,881 shares during the period. 180 Wealth Advisors LLC raised its position in shares of RH by 5.3% in the 3rd quarter. 180 Wealth Advisors LLC now owns 1,743 shares of the company’s stock worth $212,000 after acquiring an additional 88 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in RH by 24.7% in the third quarter. Parallel Advisors LLC now owns 460 shares of the company’s stock valued at $56,000 after purchasing an additional 91 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

Key Stories Impacting RH

Here are the key news stories impacting RH this week:

• Negative Sentiment: RH declined more than the market, indicating relative weakness among investors. RH declines more than market

About RH

RH, formerly known as Restoration Hardware, is a luxury home-furnishings company that curates and sells products for residential and hospitality interiors. Its offerings include furniture, lighting, textiles, rugs, bath and plumbing fixtures, outdoor furnishings, décor, and related design products.

The company markets its products through a multichannel platform that includes RH Galleries, smaller design galleries, outlet locations, catalogs, and its digital channels. RH also operates businesses such as Waterworks, which specializes in luxury kitchen and bath products, and provides interior-design services through its design professionals.