Are RH (NYSE:RH) Shares a Sell Now? KeyBanc Has Downgraded Stock

July 17, 2017 - By Michael Collier

 Are RH (NYSE:RH) Shares a Sell Now? KeyBanc Has Downgraded Stock

Investors sentiment decreased to 0.66 in Q4 2016. Its down 0.64, from 1.3 in 2016Q3. It is negative, as 74 investors sold RH shares while 44 reduced holdings. 28 funds opened positions while 50 raised stakes. 41.25 million shares or 13.34% less from 47.60 million shares in 2016Q3 were reported.

150,000 were reported by Point72 Asset L P. Manufacturers Life Company The stated it has 2,408 shares. 1.18M were accumulated by Blackrock Institutional Tru Company Na. Geode Lc holds 0% or 281,507 shares. Meru Cap Gp L P has invested 0.11% in RH (NYSE:RH). Mizuho Usa owns 0.27% invested in RH (NYSE:RH) for 211,900 shares. Cipher Capital L P accumulated 0.01% or 6,962 shares. Boston Ptnrs, a Massachusetts-based fund reported 162,830 shares. Susquehanna Interest Gp Llp holds 0% of its portfolio in RH (NYSE:RH) for 99,106 shares. Jpmorgan Chase invested in 10,579 shares or 0% of the stock. Mackenzie Fincl reported 31,241 shares. Employees Retirement Association Of Colorado has 0% invested in RH (NYSE:RH). Morgan Stanley has invested 0% of its portfolio in RH (NYSE:RH). Blair William & Com Il accumulated 0.01% or 42,077 shares. Iconiq Cap Ltd owns 0.03% invested in RH (NYSE:RH) for 9,073 shares.

RH (NYSE:RH) Receives a Downgrade

The old rating for RH (NYSE:RH) shares of a Overweight has been discontinued, as stock analysts at KeyBanc cut the current rating for RH (NYSE:RH) shares to a Sector Weight.

Investors sentiment decreased to 0.66 in Q4 2016. Its down 0.64, from 1.3 in 2016Q3. It is negative, as 74 investors sold RH shares while 44 reduced holdings. 28 funds opened positions while 50 raised stakes. 41.25 million shares or 13.34% less from 47.60 million shares in 2016Q3 were reported.

150,000 were reported by Point72 Asset L P. Manufacturers Life Company The stated it has 2,408 shares. 1.18M were accumulated by Blackrock Institutional Tru Company Na. Geode Lc holds 0% or 281,507 shares. Meru Cap Gp L P has invested 0.11% in RH (NYSE:RH). Mizuho Usa owns 0.27% invested in RH (NYSE:RH) for 211,900 shares. Cipher Capital L P accumulated 0.01% or 6,962 shares. Boston Ptnrs, a Massachusetts-based fund reported 162,830 shares. Susquehanna Interest Gp Llp holds 0% of its portfolio in RH (NYSE:RH) for 99,106 shares. Jpmorgan Chase invested in 10,579 shares or 0% of the stock. Mackenzie Fincl reported 31,241 shares. Employees Retirement Association Of Colorado has 0% invested in RH (NYSE:RH). Morgan Stanley has invested 0% of its portfolio in RH (NYSE:RH). Blair William & Com Il accumulated 0.01% or 42,077 shares. Iconiq Cap Ltd owns 0.03% invested in RH (NYSE:RH) for 9,073 shares.

RH (NYSE:RH) Ratings Coverage

Among 21 analysts covering Restoration Hardware Holdings (NYSE:RH), 5 have Buy rating, 0 Sell and 16 Hold. Therefore 24% are positive. Restoration Hardware Holdings has $119 highest and $28 lowest target. $56.80’s average target is -11.94% below currents $64.5 stock price. Restoration Hardware Holdings had 68 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of RH (NYSE:RH) has “Neutral” rating given on Monday, May 8 by Buckingham Research. The rating was maintained by Deutsche Bank with “Hold” on Friday, June 2. The firm has “Buy” rating by Guggenheim given on Friday, March 24. The stock has “Hold” rating by Oppenheimer on Friday, July 14. The firm has “Buy” rating by Nomura given on Wednesday, March 30. The firm has “Hold” rating by Loop Capital given on Tuesday, June 20. The firm earned “Hold” rating on Wednesday, January 4 by Loop Capital. The firm has “Neutral” rating by Robert W. Baird given on Thursday, February 25. Telsey Advisory Group maintained the shares of RH in report on Friday, July 14 with “Market Perform” rating. The stock has “Buy” rating by UBS on Monday, November 9.

About 3,661 shares traded. RH (NYSE:RH) has risen 86.65% since July 17, 2016 and is uptrending. It has outperformed by 69.95% the S&P500.

RH, formerly Restoration Hardware Holdings, Inc., is a retailer in the home furnishings marketplace. The company has market cap of $2.05 billion. As of January 28, 2017, the Company had two divisions: RH Segment and Waterworks. It has a 179.39 P/E ratio. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.

More notable recent RH (NYSE:RH) news were published by: Fool.com which released: “Why A10 Networks, CyberArk Software, and RH Slumped Today” on July 14, 2017, also Benzinga.com with their article: “What’s Going On With Restoration Hardware?” published on July 06, 2017, Benzinga.com published: “Restoration Hardware Retreats From Highs” on July 07, 2017. More interesting news about RH (NYSE:RH) were released by: Seekingalpha.com and their article: “RH: The Perils Of A Crowded Short” published on July 13, 2017 as well as Streetinsider.com‘s news article titled: “Restoration Hardware (RH) PT Raised to $75 at Guggenheim; A Public LBO?” with publication date: July 17, 2017.

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