RH (NYSE:RH) Shares Gap Down Following Analyst Downgrade

RH (NYSE:RH) gapped down prior to trading on Tuesday after StockNews.com downgraded the stock from a hold rating to a sell rating. The stock had previously closed at $225.32, but opened at $217.37. RH shares last traded at $221.96, with a volume of 56,577 shares changing hands.

A number of other analysts also recently issued reports on the stock. Loop Capital lifted their price objective on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Robert W. Baird lifted their price objective on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Wedbush restated an “outperform” rating and set a $500.00 target price on shares of RH in a report on Tuesday, February 18th. Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $485.00 to $500.00 in a report on Thursday, December 19th. Finally, Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $435.00 to $530.00 in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, RH presently has a consensus rating of “Moderate Buy” and an average target price of $423.27.

Insiders Place Their Bets

In other RH news, insider Eri Chaya sold 10,000 shares of RH stock in a transaction on Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction on Friday, January 17th. The stock was sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the transaction, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at approximately $216,444.80. This trade represents a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,380 shares of company stock valued at $28,922,379 over the last ninety days. 28.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RH

A number of institutional investors have recently modified their holdings of the business. FMR LLC boosted its position in shares of RH by 0.7% in the fourth quarter. FMR LLC now owns 2,790,314 shares of the company’s stock valued at $1,098,240,000 after acquiring an additional 18,040 shares during the period. Vanguard Group Inc. boosted its position in shares of RH by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 1,402,010 shares of the company’s stock valued at $551,817,000 after acquiring an additional 18,389 shares during the period. Anomaly Capital Management LP boosted its position in shares of RH by 9.6% in the fourth quarter. Anomaly Capital Management LP now owns 481,111 shares of the company’s stock valued at $189,360,000 after acquiring an additional 41,986 shares during the period. Alliancebernstein L.P. boosted its position in shares of RH by 1,960.8% in the fourth 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 period. Finally, Senvest Management LLC boosted its position in shares of RH by 35.6% in the fourth quarter. Senvest Management LLC now owns 315,368 shares of the company’s stock valued at $124,126,000 after acquiring an additional 82,742 shares during the period. Institutional investors own 90.17% of the company’s stock.

RH Price Performance

The stock’s 50-day moving average price is $360.64 and its 200-day moving average price is $351.79. The company has a market cap of $4.29 billion, a P/E ratio of 66.21, a PEG ratio of 2.65 and a beta of 2.50.

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.