RH (NYSE:RH) Stock Rating Lowered by The Goldman Sachs Group

RH (NYSE:RH - Get Free Report) was downgraded by analysts at The Goldman Sachs Group from a "neutral" rating to a "sell" rating in a note issued to investors on Tuesday, MarketBeat Ratings reports. They presently have a $179.00 price target on the stock, down from their prior price target of $199.00. The Goldman Sachs Group's price target would indicate a potential downside of 2.89% from the company's current price.

Other equities analysts have also issued reports about the company. UBS Group lowered their target price on RH from $235.00 to $215.00 and set a "neutral" rating for the company in a report on Thursday, June 5th. Morgan Stanley reduced their price objective on RH from $530.00 to $300.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Barclays dropped their target price on RH from $515.00 to $436.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Guggenheim reduced their price target on shares of RH from $500.00 to $300.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, Wells Fargo & Company set a $275.00 price target on shares of RH in a research report on Friday, June 13th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $271.56.

RH Trading Down 1.0%

NYSE RH traded down $1.89 on Tuesday, hitting $184.33. 1,360,905 shares of the stock traded hands, compared to its average volume of 1,391,770. The stock has a 50-day moving average of $186.35 and a 200 day moving average of $284.52. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The company has a market capitalization of $3.45 billion, a P/E ratio of 43.89, a price-to-earnings-growth ratio of 0.54 and a beta of 2.19.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings data on Thursday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.20. The firm had revenue of $813.95 million for the quarter, compared to analysts' expectations of $817.66 million. RH had a negative return on equity of 67.71% and a net margin of 2.57%. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the business posted ($0.40) earnings per share. As a group, equities research analysts expect that RH will post 4.39 earnings per share for the current year.

Hedge Funds Weigh In On RH

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of RH by 0.7% in the 4th quarter. FMR LLC now owns 2,790,314 shares of the company's stock worth $1,098,240,000 after purchasing an additional 18,040 shares during the last quarter. Vanguard Group Inc. grew its position in RH by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,409,962 shares of the company's stock worth $330,509,000 after buying an additional 7,952 shares during the last quarter. Anomaly Capital Management LP grew its position in RH by 9.6% in the fourth quarter. Anomaly Capital Management LP now owns 481,111 shares of the company's stock worth $189,360,000 after buying an additional 41,986 shares during the last quarter. Atreides Management LP increased its holdings in shares of RH by 69.1% in the first quarter. Atreides Management LP now owns 473,321 shares of the company's stock valued at $110,951,000 after buying an additional 193,404 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of RH by 1,960.8% during the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company's stock valued at $143,148,000 after acquiring an additional 346,050 shares during the last quarter. 90.17% of the stock is 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.