RH (NYSE:RH) Shares Down 6.9%

RH (NYSE:RH - Get Free Report)'s share price fell 6.9% during trading on Wednesday . The stock traded as low as $266.39 and last traded at $268.89. 218,337 shares changed hands during trading, a decline of 67% from the average session volume of 663,265 shares. The stock had previously closed at $288.70.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. 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 report on Thursday, March 28th. Loop Capital boosted their target price on shares of RH from $260.00 to $350.00 and gave the stock a "hold" rating in a research report on Monday, April 1st. Wedbush upped their price objective on shares of RH from $275.00 to $320.00 and gave the company a "neutral" rating in a research report on Thursday, March 28th. StockNews.com lowered shares of RH from a "hold" rating to a "sell" rating in a research report on Wednesday, December 13th. Finally, The Goldman Sachs Group increased their price target on shares of RH from $201.00 to $264.00 and gave the stock a "sell" rating in a research report on Monday, April 1st. Two equities research 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $332.15.

RH Price Performance

The company's 50 day moving average price is $279.09 and its 200 day moving average price is $268.05. The firm has a market capitalization of $4.77 billion, a P/E ratio of 46.76, a PEG ratio of 3.04 and a beta of 2.46.

RH (NYSE:RH - Get Free Report) last released its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.99). RH had a net margin of 4.21% and a negative return on equity of 777.61%. The company had revenue of $738.26 million for the quarter, compared to the consensus estimate of $777.50 million. During the same period last year, the company earned $2.88 earnings per share. RH's revenue for the quarter was down 4.4% compared to the same quarter last year. On average, research analysts anticipate that RH will post 9.08 EPS for the current fiscal year.

Insider Activity at RH

In other RH news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total value of $616,440.00. Following the sale, the director now directly owns 12,991 shares in the company, valued at $4,004,086.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 23.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RH

Several hedge funds have recently bought and sold shares of RH. Morgan Stanley raised its holdings in shares of RH by 145.6% during the fourth quarter. Morgan Stanley now owns 594,574 shares of the company's stock worth $158,864,000 after acquiring an additional 352,456 shares during the period. FMR LLC raised its holdings in shares of RH by 11.5% during the third quarter. FMR LLC now owns 2,143,424 shares of the company's stock worth $566,636,000 after acquiring an additional 221,858 shares during the period. Steadfast Capital Management LP raised its holdings in shares of RH by 239.4% during the fourth quarter. Steadfast Capital Management LP now owns 288,949 shares of the company's stock worth $77,204,000 after acquiring an additional 203,826 shares during the period. Norges Bank acquired a new stake in shares of RH during the fourth quarter worth $46,157,000. Finally, Bank of America Corp DE grew its position in RH by 148.8% in the first quarter. Bank of America Corp DE now owns 244,618 shares of the company's stock valued at $59,577,000 after purchasing an additional 146,280 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.