RH (NYSE:RH) Shares Down 5.5% - What's Next?

RH (NYSE:RH - Get Free Report) dropped 5.5% during mid-day trading on Monday . The stock traded as low as $172.20 and last traded at $171.19. Approximately 141,710 shares changed hands during trading, a decline of 86% from the average daily volume of 979,555 shares. The stock had previously closed at $181.11.

Analyst Ratings Changes

RH has been the subject of a number of recent analyst reports. Loop Capital cut their price target on shares of RH from $450.00 to $190.00 and set a "hold" rating for the company in a report on Friday, April 4th. Bank of America increased their price target on RH from $144.00 to $172.00 and gave the stock an "underperform" rating in a report on Wednesday, May 14th. Stifel Nicolaus reduced their price objective on shares of RH from $450.00 to $390.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Wedbush lowered their price objective 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. Finally, Robert W. Baird lowered their price target on shares of RH from $400.00 to $215.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, RH presently has an average rating of "Hold" and an average price target of $275.94.

RH Trading Up 1.1%

The firm's 50 day moving average price is $186.55 and its 200-day moving average price is $302.84. The company has a market cap of $3.34 billion, a P/E ratio of 51.32, a price-to-earnings-growth ratio of 2.65 and a beta of 2.36.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.33). The business had revenue of $812.41 million during the quarter, compared to the consensus estimate of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm's revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 earnings per share. Analysts predict that RH will post 4.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On RH

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. AlphaQuest LLC acquired a new stake in RH during the 1st quarter worth approximately $29,000. Sunbelt Securities Inc. raised its stake in RH by 690.0% during the 4th 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. lifted its holdings in shares of RH by 180.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock worth $44,000 after purchasing an additional 72 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of 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 during the last quarter. Finally, NBC Securities Inc. acquired a new position in RH during the 1st quarter valued at about $45,000. 90.17% of the stock is currently owned by institutional investors.

RH Company Profile

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.