RH (NYSE:RH) was downgraded by investment analysts at Vetr from a “hold” rating to a “sell” rating in a research note issued to investors on Monday. They currently have a $33.50 price target on the stock. Vetr‘s price target suggests a potential downside of 6.37% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Guggenheim reaffirmed a “buy” rating and issued a $45.00 price target on shares of RH in a research note on Tuesday, December 6th. Goldman Sachs Group Inc downgraded RH from a “conviction-buy” rating to a “buy” rating and set a $40.00 price objective on the stock. in a report on Thursday, January 19th. Zacks Investment Research upgraded RH from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Thursday, February 23rd. Loop Capital started coverage on RH in a report on Wednesday, January 4th. They issued a “hold” rating and a $31.00 price objective on the stock. Finally, Deutsche Bank AG set a $35.00 price objective on RH and gave the company a “hold” rating in a report on Friday, December 9th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $37.20.

Analyst Recommendations for RH (NYSE:RH)

Shares of RH (NYSE:RH) traded down 1.35% during midday trading on Monday, reaching $35.78. The company’s stock had a trading volume of 1,243,972 shares. The company has a market cap of $1.46 billion, a P/E ratio of 50.11 and a beta of 1.57. RH has a 12-month low of $24.41 and a 12-month high of $46.87. The stock’s 50-day moving average price is $29.34 and its 200-day moving average price is $31.47.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, February 23rd. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.02. RH had a return on equity of 7.09% and a net margin of 1.33%. On average, analysts expect that RH will post $1.91 EPS for the current fiscal year.

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A number of large investors have recently modified their holdings of the company. Empyrean Capital Partners LP increased its stake in shares of RH by 100.0% in the third quarter. Empyrean Capital Partners LP now owns 1,400,000 shares of the company’s stock valued at $48,412,000 after buying an additional 700,000 shares during the period. Scopus Asset Management L.P. bought a new stake in shares of RH during the third quarter valued at $20,748,000. Blackstone Group L.P. bought a new stake in shares of RH during the third quarter valued at $17,728,000. Neuberger Berman Group LLC bought a new stake in shares of RH during the third quarter valued at $15,956,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of RH during the fourth quarter valued at $10,438,000.

About RH

RH, formerly Restoration Hardware Holdings, Inc, is a luxury retailer in the home furnishings marketplace. The Company offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. The Company classifies its sales into furniture and non-furniture product lines.

5 Day Chart for NYSE:RH

To view Vetr’s full report, visit Vetr’s official website.

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