Telsey Advisory Group Has Lowered Expectations for RH (NYSE:RH) Stock Price

RH (NYSE:RH - Get Free Report) had its price objective dropped by equities researchers at Telsey Advisory Group from $280.00 to $255.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Telsey Advisory Group's price target suggests a potential upside of 39.15% from the stock's previous close.

A number of other research analysts also recently commented on the stock. Guggenheim dropped their price objective on shares of RH from $500.00 to $300.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. UBS Group decreased their price target on shares of RH from $235.00 to $215.00 and set a "neutral" rating on the stock in a report on Thursday. Robert W. Baird cut their target price on RH from $400.00 to $215.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Morgan Stanley reduced their target price on RH from $530.00 to $300.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Finally, Stifel Nicolaus cut their price objective on RH from $450.00 to $390.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $273.13.

RH Price Performance

RH stock opened at $183.25 on Monday. The stock's 50 day moving average price is $183.11 and its 200 day moving average price is $299.46. RH has a 1-year low of $123.03 and a 1-year high of $457.26. The company has a market cap of $3.43 billion, a PE ratio of 52.66, a price-to-earnings-growth ratio of 2.65 and a beta of 2.19.

RH (NYSE:RH - Get Free Report) last released its earnings results on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing analysts' consensus estimates of $1.91 by ($0.33). The business had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. RH's revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $0.72 EPS. On average, equities research analysts anticipate that RH will post 4.39 EPS for the current fiscal year.

Institutional Investors Weigh In On RH

Several institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers grew its holdings in shares of RH by 1.2% during the first quarter. Rhumbline Advisers now owns 40,787 shares of the company's stock valued at $9,561,000 after purchasing an additional 489 shares during the last quarter. SWS Partners grew its stake in RH by 39.7% during the 1st quarter. SWS Partners now owns 13,112 shares of the company's stock worth $3,074,000 after buying an additional 3,725 shares during the last quarter. Intech Investment Management LLC increased its position in RH by 29.0% in the first quarter. Intech Investment Management LLC now owns 9,790 shares of the company's stock worth $2,295,000 after buying an additional 2,198 shares during the period. Game Plan Financial Advisors LLC increased its position in RH by 4.1% in the first quarter. Game Plan Financial Advisors LLC now owns 8,100 shares of the company's stock worth $1,899,000 after buying an additional 316 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in RH by 6.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 38,622 shares of the company's stock valued at $9,053,000 after buying an additional 2,244 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company's stock.

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.

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