RH (NYSE:RH) Trading Down 6.5% - Should You Sell?

RH (NYSE:RH - Get Free Report)'s share price fell 6.5% during trading on Tuesday . The company traded as low as $190.00 and last traded at $189.63. 1,130,711 shares were traded during mid-day trading, an increase of 8% from the average session volume of 1,048,468 shares. The stock had previously closed at $202.91.

Analyst Ratings Changes

A number of research firms have recently commented on RH. Barclays cut their price objective on RH from $515.00 to $436.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Guggenheim reiterated a "buy" rating and set a $300.00 target price on shares of RH in a report on Wednesday, July 2nd. JPMorgan Chase & Co. reduced their price target on RH from $510.00 to $250.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company set a $275.00 price target on RH in a research report on Friday, June 13th. Finally, Loop Capital reduced their price target on RH from $450.00 to $190.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $270.35.

RH Stock Performance

The company has a market capitalization of $3.52 billion, a PE ratio of 44.71, a P/E/G ratio of 0.60 and a beta of 2.17. The firm has a fifty day simple moving average of $193.58 and a 200-day simple moving average of $263.06.

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

Institutional Investors Weigh In On RH

Institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. grew 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 last quarter. AlphaQuest LLC bought a new position in RH during the first quarter valued at about $29,000. Farther Finance Advisors LLC boosted its stake in RH by 67.8% during 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 holdings in shares of RH by 53.8% during the second quarter. UMB Bank n.a. now owns 180 shares of the company's stock valued at $34,000 after purchasing an additional 63 shares during the last quarter. Finally, GAMMA Investing LLC lifted 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 purchasing an additional 111 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors.

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.

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