Zelman & Associates Issues Pessimistic Forecast for RH (NYSE:RH) Stock Price

RH (NYSE:RH - Get Free Report) had its target price reduced by equities research analysts at Zelman & Associates from $305.00 to $251.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Zelman & Associates' price target would indicate a potential upside of 20.68% from the company's previous close.

A number of other brokerages also recently weighed in on RH. Wall Street Zen raised shares of RH from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Morgan Stanley dropped their target price on shares of RH from $530.00 to $300.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Wedbush lowered their price target on shares of RH from $500.00 to $350.00 and set an "outperform" rating for the company in a research report on Wednesday, March 26th. Guggenheim reiterated a "buy" rating and set a $300.00 price target on shares of RH in a research report on Wednesday, July 2nd. Finally, Wells Fargo & Company set a $275.00 price target on shares of RH in a research report on Friday, June 13th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $270.35.

RH Trading Down 2.6%

Shares of RH stock traded down $5.47 during mid-day trading on Wednesday, reaching $207.98. 806,808 shares of the stock were exchanged, compared to its average volume of 1,048,709. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 49.52, a price-to-earnings-growth ratio of 0.60 and a beta of 2.17. The firm has a 50-day simple moving average of $193.25 and a 200 day simple moving average of $266.44. 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 announced its earnings results on Thursday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $817.66 million. During the same quarter last year, the company posted ($0.40) EPS. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. On average, research analysts predict that RH will post 4.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RH. Farther Finance Advisors LLC lifted its stake in RH by 67.8% in the second quarter. Farther Finance Advisors LLC now owns 151 shares of the company's stock valued at $29,000 after buying an additional 61 shares in the last quarter. UMB Bank n.a. lifted its position in shares of RH by 53.8% in the second quarter. UMB Bank n.a. now owns 180 shares of the company's stock worth $34,000 after purchasing an additional 63 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of RH in the second quarter worth $349,000. Parallel Advisors LLC lifted its position 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 purchasing an additional 159 shares in the last quarter. Finally, Pacific Capital Partners Ltd lifted its position in shares of RH by 6.4% in the second quarter. Pacific Capital Partners Ltd now owns 6,673 shares of the company's stock worth $1,261,000 after purchasing an additional 401 shares in the last quarter. Institutional investors and hedge funds 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.