RH (NYSE:RH) Stock Price Target Lowered at Stifel Nicolaus

RH (NYSE:RH) had its price target decreased by Stifel Nicolaus from $130.00 to $120.00 in a report released on Monday, MarketBeat reports. Stifel Nicolaus currently has a hold rating on the stock.

A number of other equities analysts also recently weighed in on RH. UBS Group set a $190.00 target price on shares of RH in a research note on Friday, September 11th. Weiss Ratings raised shares of RH from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, September 11th. The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and increased their price target for the stock from $86.00 to $155.00 in a report on Wednesday, July 8th. JPMorgan Chase & Co. decreased their price target on RH from $212.00 to $190.00 and set an “overweight” rating for the company in a report on Friday, September 11th. Finally, Guggenheim reissued a “buy” rating and issued a $200.00 price objective on shares of RH in a research report on Friday, September 11th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $164.86.

RH Stock Performance

Shares of RH stock opened at $122.31 on Monday. The stock has a market capitalization of $2.32 billion, a PE ratio of 21.76, a PEG ratio of 2.28 and a beta of 1.85. The business’s 50 day simple moving average is $155.79 and its 200 day simple moving average is $147.16. The company has a debt-to-equity ratio of 26.57, a current ratio of 1.12 and a quick ratio of 0.37. RH has a one year low of $106.30 and a one year high of $239.40.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, September 10th. The company reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $2.32. The firm had revenue of $922.15 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business earned $2.93 EPS. As a group, research analysts forecast that RH will post 5.45 earnings per share for the current year.

Insider Activity at RH

In other news, CEO Gary G. Friedman sold 69,069 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $169.48, for a total transaction of $11,705,814.12. Following the transaction, the chief executive officer directly owned 3,282,268 shares of the company’s stock, valued at $556,278,780.64. This represents a 2.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark S. Demilio sold 2,445 shares of the stock in a transaction on Friday, July 10th. The stock was sold at an average price of $168.44, for a total value of $411,835.80. Following the completion of the transaction, the director owned 25,680 shares in the company, valued at approximately $4,325,539.20. This represents a 8.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 128,445 shares of company stock worth $21,211,824. Corporate insiders own 26.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RH. Sequoia Financial Advisors LLC lifted its stake in shares of RH by 7.0% in the second quarter. Sequoia Financial Advisors LLC now owns 14,800 shares of the company’s stock valued at $2,438,000 after buying an additional 967 shares in the last quarter. Engineers Gate Manager LP increased its position in shares of RH by 63.8% during the second quarter. Engineers Gate Manager LP now owns 19,337 shares of the company’s stock worth $3,185,000 after acquiring an additional 7,531 shares in the last quarter. Allworth Financial LP increased its position in shares of RH by 80.4% during the second quarter. Allworth Financial LP now owns 516 shares of the company’s stock worth $85,000 after acquiring an additional 230 shares in the last quarter. Nykredit A S acquired a new stake in shares of RH in the 2nd quarter worth about $123,000. Finally, Corient Private Wealth LP raised its holdings in shares of RH by 54.2% in the 2nd quarter. Corient Private Wealth LP now owns 2,835 shares of the company’s stock worth $467,000 after acquiring an additional 997 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH News Summary

Here are the key news stories impacting RH this week:

• Positive Sentiment: RH recently reported quarterly revenue slightly above expectations and adjusted earnings well ahead of consensus, providing evidence of resilient operating performance despite a challenging retail environment.
• Neutral Sentiment: Analysts continue to forecast positive full-year earnings, but the company’s high leverage and relatively thin net margin remain important risks for investors.
• Negative Sentiment: Stifel Nicolaus cut its RH price target from $130 to $120 and downgraded its outlook to “hold.” The lower valuation target signals limited near-term upside and is the main reason for the stock’s decline. Stifel Nicolaus Issues Pessimistic Forecast for RH Stock Price

RH Company Profile

RH, formerly known as Restoration Hardware, is a luxury home-furnishings company that offers products for residential and hospitality interiors. Its collections include furniture, lighting, textiles, rugs, bath and hardware, outdoor furnishings, and decorative accessories across a range of design categories.

The company sells through a network of RH Galleries, outlet locations, source books and its digital platforms. Its galleries are designed as immersive retail spaces that showcase coordinated room settings and related collections.