RH (NYSE:RH) Given New $251.00 Price Target at Zelman & Associates

RH (NYSE:RH - Get Free Report) had its target price lowered by equities research analysts at Zelman & Associates from $305.00 to $251.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Zelman & Associates' price target points to a potential upside of 17.51% from the stock's current price.

A number of other equities research analysts also recently issued reports on RH. Telsey Advisory Group lowered their price target on RH from $280.00 to $255.00 and set an "outperform" rating for the company in a research report on Monday, June 9th. JPMorgan Chase & Co. lowered their price target on RH from $510.00 to $250.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Barclays lowered their price target on RH from $515.00 to $436.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Wedbush decreased their target price on RH from $500.00 to $350.00 and set an "outperform" rating for the company in a research report on Wednesday, March 26th. Finally, Wall Street Zen raised RH from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $270.35.

RH Stock Up 5.1%

Shares of NYSE:RH traded up $10.34 during midday trading on Wednesday, reaching $213.61. The company's stock had a trading volume of 1,182,392 shares, compared to its average volume of 1,049,140. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 50.86, a price-to-earnings-growth ratio of 0.59 and a beta of 2.17. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The business has a 50 day moving average price of $192.46 and a 200 day moving average price of $269.20.

RH (NYSE:RH - Get Free Report) last announced 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. The business had revenue of $813.95 million during the quarter, compared to the consensus estimate of $817.66 million. RH had a negative return on equity of 67.71% and a net margin of 2.57%. The business's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.40) earnings per share. Sell-side analysts anticipate that RH will post 4.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. AlphaQuest LLC acquired a new stake in RH during the first quarter valued at approximately $29,000. Sunbelt Securities Inc. raised its stake in RH by 690.0% during the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock valued at $31,000 after buying an additional 69 shares in the last quarter. Rakuten Securities Inc. raised its stake in RH by 180.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock valued at $44,000 after buying an additional 72 shares in the last quarter. GAMMA Investing LLC raised its stake in RH by 146.1% during the first quarter. GAMMA Investing LLC now owns 187 shares of the company's stock valued at $44,000 after buying an additional 111 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in RH by 214.9% during the second quarter. Parallel Advisors LLC now owns 233 shares of the company's stock valued at $44,000 after buying an additional 159 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.