RH (NYSE:RH) Price Target Lowered to $350.00 at Wedbush

RH (NYSE:RH) had its price target cut by analysts at Wedbush from $500.00 to $350.00 in a note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has an “outperform” rating on the stock. Wedbush’s price objective indicates a potential upside of 43.25% from the stock’s current price.

A number of other research firms also recently issued reports on RH. Telsey Advisory Group decreased their price objective on RH from $500.00 to $420.00 and set an “outperform” rating for the company in a report on Monday. UBS Group lowered their price target on shares of RH from $440.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Stifel Nicolaus lifted their target price on RH from $420.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Citigroup decreased their price target on RH from $556.00 to $437.00 and set a “buy” rating for the company in a research note on Monday. Finally, Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $435.00 to $530.00 in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $403.25.

RH Trading Up 0.3 %

RH opened at $244.33 on Wednesday. The firm’s fifty day simple moving average is $339.83 and its 200 day simple moving average is $350.92. The stock has a market capitalization of $4.55 billion, a P/E ratio of 70.21, a P/E/G ratio of 2.65 and a beta of 2.50. RH has a 12 month low of $212.04 and a 12 month high of $457.26.

Insider Buying and Selling

In related news, insider Eri Chaya sold 10,000 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $416.27, for a total value of $4,162,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Belling sold 500 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $417.85, for a total value of $208,925.00. Following 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,380 shares of company stock valued at $28,922,379. Company insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in shares of RH during the third quarter worth approximately $4,268,000. Invst LLC bought a new position in RH during the 3rd quarter worth $752,000. Cerity Partners LLC raised its holdings in RH by 139.7% in the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after acquiring an additional 1,506 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of RH by 0.9% during the 4th quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock valued at $19,949,000 after acquiring an additional 445 shares during the period. Finally, L.M. Kohn & Company bought a new stake in shares of RH during the 4th quarter valued at $289,000. Institutional investors and hedge funds 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.