Robert W. Baird Trims RH (NYSE:RH) Target Price to $275.00

RH (NYSE:RH) had its price objective cut by Robert W. Baird from $300.00 to $275.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a neutral rating on the stock.

RH has been the topic of several other reports. Wedbush restated a neutral rating and issued a $320.00 target price on shares of RH in a research note on Monday, May 20th. JPMorgan Chase & Co. upped their price objective on shares of RH from $329.00 to $345.00 and gave the stock an overweight rating in a research report on Thursday, March 28th. Loop Capital increased their price target on shares of RH from $260.00 to $350.00 and gave the company a hold rating in a research report on Monday, April 1st. The Goldman Sachs Group increased their price objective on RH from $201.00 to $264.00 and gave the company a sell rating in a research note on Monday, April 1st. Finally, Barclays lifted their price objective on RH from $293.00 to $340.00 and gave the stock an equal weight rating in a research report on Monday, April 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, RH presently has a consensus rating of Hold and an average price target of $321.85.

RH Price Performance

Shares of NYSE RH opened at $229.73 on Friday. The stock has a market capitalization of $4.21 billion, a P/E ratio of 63.64, a P/E/G ratio of 0.75 and a beta of 2.51. RH has a 1 year low of $207.26 and a 1 year high of $406.38. The company has a 50-day moving average price of $265.77 and a 200-day moving average price of $274.37.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, June 13th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.32). The firm had revenue of $726.96 million for the quarter, compared to the consensus estimate of $725.15 million. RH had a net margin of 2.72% and a negative return on equity of 28.79%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.21 earnings per share. As a group, equities research analysts anticipate that RH will post 8.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Eri Chaya sold 100,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $279.92, for a total transaction of $27,992,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other RH news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the completion of the sale, the director now directly owns 12,991 shares of the company’s stock, valued at $4,004,086.02. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Eri Chaya sold 100,000 shares of the firm’s 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. Over the last ninety days, insiders sold 103,000 shares of company stock valued at $28,897,430. Insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RH. Janus Henderson Group PLC grew its holdings in RH by 0.4% during the 1st quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock valued at $2,986,000 after buying an additional 38 shares in the last quarter. Insight Advisors LLC PA increased its stake in RH by 2.8% in the first quarter. Insight Advisors LLC PA now owns 1,447 shares of the company’s stock worth $504,000 after purchasing an additional 39 shares during the period. Tradition Wealth Management LLC grew its stake in RH by 14.8% in the 4th quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after acquiring an additional 45 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of RH by 0.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company’s stock worth $4,659,000 after buying an additional 47 shares during the period. Finally, New York Life Investment Management LLC raised its holdings in shares of RH by 4.1% in the 4th quarter. New York Life Investment Management LLC now owns 1,703 shares of the company’s stock valued at $496,000 after purchasing an additional 67 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.