Stifel Nicolaus Issues Pessimistic Forecast for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its target price cut by equities research analysts at Stifel Nicolaus from $500.00 to $450.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 88.43% from the company’s previous close.

A number of other brokerages also recently commented on RH. Wedbush lowered their price objective on RH from $500.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, March 26th. UBS Group dropped their price objective on shares of RH from $440.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company decreased their price objective on shares of RH from $500.00 to $375.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Bank of America cut their price target on RH from $510.00 to $410.00 and set a “buy” rating on the stock in a research note on Wednesday, March 26th. Finally, Telsey Advisory Group lowered their price objective on RH from $500.00 to $420.00 and set an “outperform” rating for the company in a research report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $400.13.

RH Stock Performance

Shares of RH stock opened at $238.82 on Monday. RH has a one year low of $212.04 and a one year high of $457.26. The firm’s 50 day moving average price is $327.08 and its 200-day moving average price is $351.62. The firm has a market cap of $4.44 billion, a P/E ratio of 68.63, a P/E/G ratio of 2.65 and a beta of 2.50.

Insider Transactions at RH

In other RH news, insider Eri Chaya sold 10,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Edward T. Lee sold 600 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $446.73, for a total transaction of $268,038.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,380 shares of company stock worth $28,922,379. Company insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RH. Cerity Partners LLC raised its holdings in RH by 139.7% during the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock worth $864,000 after purchasing an additional 1,506 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of RH during the 3rd quarter worth approximately $595,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in RH by 2,691.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,284 shares of the company’s stock valued at $430,000 after buying an additional 1,238 shares in the last quarter. Ingalls & Snyder LLC grew its holdings in RH by 3.0% during the 3rd quarter. Ingalls & Snyder LLC now owns 4,981 shares of the company’s stock valued at $1,666,000 after buying an additional 146 shares during the last quarter. Finally, Portolan Capital Management LLC purchased a new position in RH during the third quarter worth $5,177,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Company Profile

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.