RH (NYSE:RH) Price Target Cut to $250.00 by Analysts at UBS Group

RH (NYSE:RH) had its target price lowered by UBS Group from $440.00 to $250.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also issued research reports about the company. Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $435.00 to $530.00 in a research note on Monday, January 13th. Wedbush reissued an “outperform” rating and set a $500.00 target price on shares of RH in a research note on Tuesday, February 18th. Stifel Nicolaus increased their price target on RH from $420.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Loop Capital increased their price target on RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Finally, Barclays raised RH from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $412.44.

RH Trading Up 3.5 %

RH opened at $242.24 on Friday. The stock’s 50-day moving average price is $353.74 and its 200 day moving average price is $352.33. RH has a 12-month low of $212.04 and a 12-month high of $457.26. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 69.61, a PEG ratio of 2.65 and a beta of 2.50.

Insider Activity

In related news, insider Eri Chaya sold 10,000 shares of the firm’s 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 filing with the SEC, which is available at this link. Also, insider Edward T. Lee sold 600 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,380 shares of company stock worth $28,922,379. 28.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RH. Alliancebernstein L.P. grew its stake in RH by 1,960.8% during the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock worth $143,148,000 after buying an additional 346,050 shares during the last quarter. Norges Bank purchased a new position in RH during the 4th quarter worth approximately $54,314,000. Raymond James Financial Inc. purchased a new position in RH during the 4th quarter worth approximately $52,190,000. Freestone Grove Partners LP acquired a new stake in RH during the 4th quarter worth approximately $44,744,000. Finally, American Century Companies Inc. lifted its position in RH by 2,227.7% during the 4th quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock worth $41,603,000 after acquiring an additional 101,160 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

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.