RH (NYSE:RH) Given New $500.00 Price Target at Guggenheim

RH (NYSE:RH) had its price target reduced by equities researchers at Guggenheim from $550.00 to $500.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Guggenheim’s target price suggests a potential upside of 104.64% from the stock’s current price.

A number of other research firms have also weighed in on RH. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $435.00 to $530.00 in a report on Monday, January 13th. StockNews.com cut RH from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Wedbush reiterated an “outperform” rating and issued a $500.00 target price on shares of RH in a research note on Tuesday, February 18th. Wells Fargo & Company reduced their target price on shares of RH from $500.00 to $375.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Finally, Telsey Advisory Group lowered their price target on shares of RH from $500.00 to $420.00 and set an “outperform” rating on the stock in a report on Monday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $403.25.

RH Price Performance

Shares of RH stock opened at $244.33 on Wednesday. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 70.21, a PEG ratio of 2.65 and a beta of 2.50. The firm’s 50-day moving average is $339.83 and its two-hundred day moving average is $350.92. RH has a 1 year low of $212.04 and a 1 year high of $457.26.

Insider Activity

In other RH news, insider Edward T. Lee sold 600 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $446.73, for a total transaction of $268,038.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the completion of the sale, the chief accounting officer now owns 484 shares in the company, valued at approximately $216,444.80. This trade represents a 91.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,380 shares of company stock worth $28,922,379 in the last ninety days. Company insiders own 28.10% of the company’s stock.

Institutional Trading of RH

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