Zelman & Associates Has Lowered Expectations for RH (NYSE:RH) Stock Price

RH (NYSE:RH - Get Free Report) had its price objective reduced by equities researchers at Zelman & Associates from $305.00 to $251.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Zelman & Associates' price target would suggest a potential upside of 18.07% from the stock's current price.

RH has been the subject of a number of other research reports. Wall Street Zen upgraded shares of RH from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Loop Capital decreased their target price on shares of RH from $450.00 to $190.00 and set a "hold" rating for the company in a research report on Friday, April 4th. JPMorgan Chase & Co. decreased their target price on shares of RH from $510.00 to $250.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Stifel Nicolaus decreased their target price on shares of RH from $450.00 to $390.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Finally, UBS Group decreased their target price on shares of RH from $235.00 to $215.00 and set a "neutral" rating for the company in a research report on Thursday, June 5th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $270.35.

RH Trading Up 4.6%

NYSE RH traded up $9.32 during trading hours on Wednesday, reaching $212.59. 112,476 shares of the company traded hands, compared to its average volume of 1,042,323. RH has a 12 month low of $123.03 and a 12 month high of $457.26. The stock has a market capitalization of $3.98 billion, a PE ratio of 50.45, a PEG ratio of 0.58 and a beta of 2.17. The company has a 50 day moving average of $192.46 and a two-hundred day moving average of $269.20.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings data on Thursday, June 12th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.20. RH had a net margin of 2.57% and a negative return on equity of 67.71%. The firm had revenue of $813.95 million for the quarter, compared to the consensus estimate of $817.66 million. During the same period in the prior year, the firm posted ($0.40) EPS. The firm's revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts anticipate that RH will post 4.39 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. AlphaQuest LLC acquired a new position in shares of RH in the first quarter worth about $29,000. Sunbelt Securities Inc. boosted its holdings in shares of RH by 690.0% in the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock worth $31,000 after buying an additional 69 shares during the period. Rakuten Securities Inc. boosted its holdings in shares of RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock worth $44,000 after buying an additional 72 shares during the period. GAMMA Investing LLC boosted its holdings in shares of RH by 146.1% in the first quarter. GAMMA Investing LLC now owns 187 shares of the company's stock worth $44,000 after buying an additional 111 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of RH by 214.9% in the second quarter. Parallel Advisors LLC now owns 233 shares of the company's stock worth $44,000 after buying an additional 159 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.