RH (NYSE:RH) Given New $215.00 Price Target at UBS Group

RH (NYSE:RH - Free Report) had its price target cut by UBS Group from $235.00 to $215.00 in a research report report published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages also recently commented on RH. Wedbush lowered their target price on shares of RH from $500.00 to $350.00 and set an "outperform" rating for the company in a report on Wednesday, March 26th. Wall Street Zen upgraded shares of RH from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Bank of America boosted their target price on RH from $144.00 to $172.00 and gave the stock an "underperform" rating in a research note on Wednesday, May 14th. Citigroup reaffirmed a "neutral" rating and set a $200.00 price target (down from $437.00) on shares of RH in a research report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. dropped their price target on RH from $510.00 to $250.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $274.69.

RH Stock Down 1.5%

RH stock traded down $2.64 during mid-day trading on Thursday, reaching $175.55. 1,647,033 shares of the company traded hands, compared to its average volume of 995,109. The firm's 50 day moving average price is $185.40 and its 200 day moving average price is $301.99. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 50.45, a P/E/G ratio of 2.65 and a beta of 2.36. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26.

RH (NYSE:RH - Get Free Report) last posted its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing analysts' consensus estimates of $1.91 by ($0.33). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company had revenue of $812.41 million during the quarter, compared to the consensus estimate of $828.21 million. During the same quarter in the prior year, the business earned $0.72 EPS. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year. On average, analysts anticipate that RH will post 4.39 EPS for the current fiscal year.

Institutional Investors Weigh In On RH

Institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers increased its position in shares of RH by 1.2% during the first quarter. Rhumbline Advisers now owns 40,787 shares of the company's stock valued at $9,561,000 after buying an additional 489 shares during the period. SWS Partners grew its stake in RH by 39.7% during the first quarter. SWS Partners now owns 13,112 shares of the company's stock valued at $3,074,000 after acquiring an additional 3,725 shares in the last quarter. Intech Investment Management LLC grew its stake in RH by 29.0% during the first quarter. Intech Investment Management LLC now owns 9,790 shares of the company's stock valued at $2,295,000 after acquiring an additional 2,198 shares in the last quarter. Game Plan Financial Advisors LLC increased its holdings in RH by 4.1% during the 1st quarter. Game Plan Financial Advisors LLC now owns 8,100 shares of the company's stock worth $1,899,000 after acquiring an additional 316 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in RH by 6.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 38,622 shares of the company's stock worth $9,053,000 after acquiring an additional 2,244 shares during the period. Hedge funds and other institutional investors own 90.17% of the company's stock.

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.