RH (NYSE:RH) Trading Down 6.1%

RH (NYSE:RH) shares fell 6.1% on Wednesday . The company traded as low as $256.00 and last traded at $257.46. 634,759 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 665,575 shares. The stock had previously closed at $274.05.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of RH from $329.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Wells Fargo & Company increased their price objective on shares of RH from $350.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Barclays raised their price target on shares of RH from $293.00 to $340.00 and gave the company an “equal weight” rating in a research report on Monday, April 1st. Oppenheimer reissued a “market perform” rating on shares of RH in a report on Monday, April 1st. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $335.00 price objective (up from $285.00) on shares of RH in a research note on Tuesday, March 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $332.15.

RH Price Performance

The firm’s fifty day moving average price is $276.78 and its 200-day moving average price is $272.67. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 45.78, a P/E/G ratio of 2.83 and a beta of 2.54.

RH (NYSE:RH) last issued its earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.99). The firm had revenue of $738.26 million for the quarter, compared to analyst estimates of $777.50 million. RH had a negative return on equity of 777.61% and a net margin of 4.21%. RH’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.88 earnings per share. On average, research analysts predict that RH will post 8.99 earnings per share for the current year.

Insider Buying and Selling at RH

In other news, insider Eri Chaya sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $279.92, for a total value of $27,992,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total transaction of $616,440.00. Following the completion of the transaction, the director now directly owns 12,991 shares in the company, valued at approximately $4,004,086.02. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Eri Chaya sold 100,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $279.92, for a total value of $27,992,000.00. The disclosure for this sale can be found here. Insiders sold 103,000 shares of company stock valued at $28,897,430 in the last 90 days. Insiders own 23.90% of the company’s stock.

Hedge Funds Weigh In On RH

Hedge funds have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas grew its stake in RH by 24.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 1,452 shares of the company’s stock valued at $384,000 after purchasing an additional 285 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of RH in the 3rd quarter worth $407,000. Victory Capital Management Inc. grew its stake in shares of RH by 2,139.9% in the 3rd quarter. Victory Capital Management Inc. now owns 75,014 shares of the company’s stock valued at $19,831,000 after buying an additional 71,665 shares during the period. Versor Investments LP acquired a new stake in shares of RH during the 3rd quarter worth about $397,000. Finally, Aveo Capital Partners LLC purchased a new stake in shares of RH in the 3rd quarter valued at approximately $1,061,000. 90.17% of the stock is currently owned by institutional investors.

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.