The Goldman Sachs Group Cuts RH (NYSE:RH) Price Target to $144.00

by · The Markets Daily

RH (NYSE:RH – Free Report) had its target price decreased by The Goldman Sachs Group from $195.00 to $144.00 in a research report released on Monday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

A number of other research firms have also recently issued reports on RH. Cowen reissued a “buy” rating on shares of RH in a research note on Friday, September 12th. William Blair lowered RH from an “outperform” rating to a “market perform” rating in a report on Thursday, October 2nd. Weiss Ratings lowered shares of RH from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, December 12th. TD Cowen dropped their price target on RH from $265.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, December 12th. Finally, Zacks Research raised shares of RH from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. Nine investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $230.25.

View Our Latest Report on RH

RH Price Performance

Shares of RH stock opened at $170.21 on Monday. RH has a 12 month low of $123.03 and a 12 month high of $455.84. The stock has a 50-day moving average price of $165.55 and a 200 day moving average price of $193.71. The company has a quick ratio of 0.26, a current ratio of 1.19 and a debt-to-equity ratio of 944.39. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 1.11 and a beta of 2.09.

RH (NYSE:RH – Get Free Report) last announced its quarterly earnings data on Thursday, December 11th. The company reported $1.71 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.42). The business had revenue of $883.81 million during the quarter, compared to analyst estimates of $883.65 million. RH had a net margin of 3.22% and a negative return on equity of 161.72%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.48 earnings per share. Research analysts expect that RH will post 4.39 EPS for the current year.

Insider Buying and Selling at RH

In related news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $236.13, for a total transaction of $472,260.00. Following the completion of the sale, the director directly owned 24,616 shares in the company, valued at $5,812,576.08. This represents a 7.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 27.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Clearstead Advisors LLC lifted its holdings in shares of RH by 713.3% during the third quarter. Clearstead Advisors LLC now owns 122 shares of the company’s stock worth $25,000 after purchasing an additional 107 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in RH during the 2nd quarter worth approximately $26,000. Huntington National Bank lifted its holdings in shares of RH by 87.8% in the 3rd quarter. Huntington National Bank now owns 139 shares of the company’s stock worth $28,000 after purchasing an additional 65 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of RH during the first quarter valued at about $29,000. Finally, Farther Finance Advisors LLC raised its stake in shares of RH by 67.8% in the second quarter. Farther Finance Advisors LLC now owns 151 shares of the company’s stock worth $29,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

About RH

(Get Free Report)

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.

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