Citigroup Cuts RH (NYSE:RH) Price Target to $437.00

RH (NYSE:RH) had its target price dropped by analysts at Citigroup from $556.00 to $437.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 72.97% from the company’s current price.

RH has been the topic of a number of other reports. Guggenheim raised their price target on RH from $425.00 to $550.00 and gave the company a “buy” rating in a report on Friday, December 13th. Stifel Nicolaus increased their target price on RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Robert W. Baird boosted their price target on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. UBS Group cut their price objective on shares of RH from $440.00 to $250.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Finally, Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $435.00 to $530.00 in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, RH presently has an average rating of “Moderate Buy” and a consensus price target of $412.56.

RH Price Performance

Shares of NYSE RH opened at $252.65 on Monday. The stock has a market cap of $4.70 billion, a PE ratio of 72.60, a price-to-earnings-growth 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 firm has a fifty day moving average price of $347.25 and a 200-day moving average price of $352.43.

Insider Transactions at RH

In other news, insider Edward T. Lee sold 600 shares of RH 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eri Chaya sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $426.41, for a total value of $10,660,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 66,380 shares of company stock worth $28,922,379 in the last three months. Insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

Several institutional investors have recently made changes to their positions in RH. Quest Partners LLC grew its holdings in RH by 57.5% during the 3rd quarter. Quest Partners LLC now owns 898 shares of the company’s stock valued at $300,000 after purchasing an additional 328 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of RH during the third quarter valued at approximately $201,000. Charles Schwab Investment Management Inc. grew its stake in shares of RH by 26.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after buying an additional 38,572 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of RH by 139.7% in the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock worth $864,000 after buying an additional 1,506 shares during the period. Finally, Centaurus Financial Inc. bought a new stake in shares of RH during the 3rd quarter worth approximately $100,000. 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.