StockNews.com Downgrades RH (NYSE:RH) to Sell

StockNews.com lowered shares of RH (NYSE:RH) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

Other analysts also recently issued research reports about the company. The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and increased their target price for the company from $261.00 to $374.00 in a research note on Thursday, January 30th. Robert W. Baird increased their target price on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Loop Capital increased their target price on RH from $320.00 to $450.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $435.00 to $530.00 in a report on Monday, January 13th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $500.00 price target on shares of RH in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, RH currently has an average rating of “Moderate Buy” and a consensus target price of $423.27.

RH Trading Up 3.9 %

NYSE:RH opened at $230.40 on Wednesday. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 66.21, a PEG ratio of 2.65 and a beta of 2.50. RH has a 1-year low of $212.04 and a 1-year high of $457.26. The business’s fifty day moving average price is $360.64 and its 200 day moving average price is $351.79.

Insider Transactions at RH

In related news, insider Eri Chaya sold 10,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $416.27, for a total transaction of $4,162,700.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Keith Belling sold 500 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $417.85, for a total value of $208,925.00. Following the completion of the transaction, the director now owns 4,970 shares in the company, valued at $2,076,714.50. The trade was a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,380 shares of company stock valued at $28,922,379. Corporate insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its position in shares of RH by 0.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company’s stock worth $1,524,000 after purchasing an additional 29 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in RH by 6.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company’s stock worth $216,000 after buying an additional 31 shares during the period. Insight Advisors LLC PA raised its stake in RH by 2.3% during the 4th quarter. Insight Advisors LLC PA now owns 1,449 shares of the company’s stock worth $571,000 after buying an additional 33 shares during the period. US Bancorp DE raised its stake in RH by 14.6% during the 4th quarter. US Bancorp DE now owns 283 shares of the company’s stock worth $111,000 after buying an additional 36 shares during the period. Finally, UMB Bank n.a. raised its stake in RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after buying an additional 39 shares during the period. 90.17% of the stock is currently owned by institutional investors.

About RH

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.