Zelman & Associates Cuts RH (NYSE:RH) Price Target to $251.00

RH (NYSE:RH - Get Free Report) had its target price cut by equities research analysts at Zelman & Associates from $305.00 to $251.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Zelman & Associates' price objective indicates a potential upside of 20.02% from the company's current price.

A number of other equities research analysts have also weighed in on RH. Stifel Nicolaus reduced their price objective on shares of RH from $450.00 to $390.00 and set a "buy" rating on the stock in a report on Monday, April 7th. UBS Group cut their price target on shares of RH from $235.00 to $215.00 and set a "neutral" rating on the stock in a research note on Thursday, June 5th. Wells Fargo & Company set a $275.00 price target on shares of RH in a research note on Friday, June 13th. Citigroup reiterated a "neutral" rating and set a $200.00 price target (down from $437.00) on shares of RH in a research note on Thursday, April 3rd. Finally, Wedbush cut their price target on shares of RH from $500.00 to $350.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 26th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $270.35.

RH Price Performance

Shares of RH traded down $4.33 during midday trading on Wednesday, reaching $209.12. The stock had a trading volume of 566,526 shares, compared to its average volume of 1,047,370. RH has a 1-year low of $123.03 and a 1-year high of $457.26. The company's fifty day simple moving average is $193.03 and its two-hundred day simple moving average is $267.86. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 49.71, a PEG ratio of 0.59 and a beta of 2.17.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings data on Thursday, June 12th. The company reported $0.13 earnings per share 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 business had revenue of $813.95 million for the quarter, compared to analyst estimates of $817.66 million. During the same period last year, the business earned ($0.40) EPS. The company's revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts forecast that RH will post 4.39 earnings per share for the current year.

Institutional Trading of RH

Hedge funds and other institutional investors have recently made changes to their positions in the company. LPL Financial LLC boosted its stake in shares of RH by 61.3% in the fourth quarter. LPL Financial LLC now owns 9,141 shares of the company's stock valued at $3,598,000 after buying an additional 3,473 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in RH by 146.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,986 shares of the company's stock worth $934,000 after acquiring an additional 2,371 shares during the period. Deutsche Bank AG grew its holdings in RH by 607.9% during the fourth quarter. Deutsche Bank AG now owns 9,464 shares of the company's stock worth $3,725,000 after acquiring an additional 8,127 shares during the period. Sterling Capital Management LLC grew its holdings in RH by 49.7% during the fourth quarter. Sterling Capital Management LLC now owns 762 shares of the company's stock worth $300,000 after acquiring an additional 253 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in RH by 0.9% during the fourth quarter. Victory Capital Management Inc. now owns 50,684 shares of the company's stock worth $19,949,000 after acquiring an additional 445 shares during the period. Hedge funds and other institutional investors own 90.17% of the company's stock.

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.