RH (NYSE:RH) Shares Gap Down - Time to Sell?

RH (NYSE:RH - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $195.60, but opened at $190.41. RH shares last traded at $187.33, with a volume of 205,296 shares.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RH. Loop Capital dropped their price target on 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. lowered their price objective on RH from $510.00 to $250.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group lowered their price objective on RH from $276.00 to $194.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Barclays lowered their price objective on RH from $515.00 to $436.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Finally, UBS Group lowered their price objective on RH from $250.00 to $235.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, RH presently has a consensus rating of "Hold" and a consensus price target of $275.94.

RH Price Performance

The stock has a 50-day simple moving average of $194.42 and a 200-day simple moving average of $308.78. The stock has a market cap of $3.55 billion, a PE ratio of 54.57, a P/E/G ratio of 2.65 and a beta of 2.36.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) 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 firm had revenue of $812.41 million for the quarter, compared to analysts' expectations of $828.21 million. During the same period last year, the firm posted $0.72 EPS. RH's revenue was up 10.0% on a year-over-year basis. As a group, equities research analysts anticipate that RH will post 4.39 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. UMB Bank n.a. increased its holdings in RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company's stock valued at $28,000 after buying an additional 39 shares during the last quarter. AlphaQuest LLC bought a new stake in RH in the first quarter valued at about $29,000. Sunbelt Securities Inc. increased its holdings in RH by 690.0% in 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 during the last quarter. Rakuten Securities Inc. increased its holdings in RH by 180.0% in 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 during the last quarter. Finally, GAMMA Investing LLC increased its holdings in RH by 146.1% in 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 during 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.