Stifel Nicolaus Cuts RH (NYSE:RH) Price Target to $120.00

Key Points

• Stifel Nicolaus lowered RH’s price target from $130 to $120 and maintained a “hold” rating, implying 3.47% downside from the stock’s $124.32 opening price.
• Analyst sentiment remains cautious: RH has an average “hold” rating and a consensus price target of $164.86, despite seven buy, ten hold, and three sell ratings.
• RH exceeded quarterly expectations, reporting $2.70 in EPS versus the $0.38 consensus and $922.15 million in revenue, up 2.6% year over year; however, insiders sold $21.2 million of shares during the last quarter.

RH (NYSE:RH - Get Free Report) had its target price cut by research analysts at Stifel Nicolaus from $130.00 to $120.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a "hold" rating on the stock. Stifel Nicolaus' target price points to a potential downside of 3.47% from the stock's current price.

RH has been the subject of several other research reports. TD Cowen dropped their target price on shares of RH from $220.00 to $190.00 and set a "buy" rating for the company in a report on Friday, September 11th. UBS Group set a $190.00 target price on shares of RH in a report on Friday, September 11th. Morgan Stanley dropped their target price on shares of RH from $240.00 to $210.00 and set an "overweight" rating for the company in a research report on Friday, September 11th. KeyCorp reaffirmed a "sector weight" rating on shares of RH in a research note on Friday, June 12th. Finally, Wells Fargo & Company reduced their price target on shares of RH from $225.00 to $175.00 and set an "overweight" rating on the stock in a report on Friday, September 11th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, RH presently has an average rating of "Hold" and a consensus target price of $164.86.

RH Trading Up 0.1%

Shares of RH stock opened at $124.32 on Monday. The company has a debt-to-equity ratio of 26.57, a current ratio of 1.12 and a quick ratio of 0.37. The stock has a market capitalization of $2.35 billion, a PE ratio of 22.12, a P/E/G ratio of 2.28 and a beta of 1.85. RH has a 1-year low of $106.30 and a 1-year high of $239.40. The company's fifty day simple moving average is $157.03 and its 200-day simple moving average is $147.30.

RH (NYSE:RH - Get Free Report) last released its quarterly earnings results on Thursday, September 10th. The company reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $2.32. RH had a return on equity of 132.79% and a net margin of 3.23%.The business had revenue of $922.15 million during the quarter, compared to analyst estimates of $915.09 million. During the same quarter in the previous year, the company posted $2.93 earnings per share. RH's revenue for the quarter was up 2.6% on a year-over-year basis. As a group, equities analysts anticipate that RH will post 5.45 earnings per share for the current year.

Insider Buying and Selling at RH

In related news, Director Mark S. Demilio sold 2,445 shares of the stock in a transaction dated Friday, July 10th. The shares were 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 of the company's stock, valued at approximately $4,325,539.20. This trade represents a 8.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary G. Friedman sold 69,069 shares of the business'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 value of $11,705,814.12. Following the sale, the chief executive officer directly owned 3,282,268 shares in the company, valued at $556,278,780.64. The trade was a 2.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 128,445 shares of company stock valued at $21,211,824 in the last quarter. 26.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On RH

Several institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of RH in the 4th quarter worth about $28,092,000. Engineers Gate Manager LP grew its holdings in RH by 63.8% during the 2nd quarter. Engineers Gate Manager LP now owns 19,337 shares of the company's stock valued at $3,185,000 after purchasing an additional 7,531 shares during the last quarter. Deutsche Bank AG grew its holdings in RH by 526.0% during the 2nd quarter. Deutsche Bank AG now owns 19,019 shares of the company's stock valued at $3,133,000 after purchasing an additional 15,981 shares during the last quarter. Oak Thistle LLC purchased a new stake in RH in the 2nd quarter worth about $2,033,000. Finally, Quantinno Capital Management LP lifted its stake in RH by 138.1% in the first quarter. Quantinno Capital Management LP now owns 24,999 shares of the company's stock worth $3,495,000 after purchasing an additional 14,500 shares during the last quarter. 90.17% of the stock is owned by institutional investors.

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.

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