RH (NYSE:RH) Trading Down 4.5% – Here’s Why

RH (NYSE:RH) shares were down 4.5% during mid-day trading on Monday . The company traded as low as $216.32 and last traded at $214.98. Approximately 260,240 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 755,216 shares. The stock had previously closed at $225.06.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RH shares. Stifel Nicolaus increased their target price on RH from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Robert W. Baird increased their target price on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Loop Capital increased their target price on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Barclays raised RH from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $383.00 to $515.00 in a report on Wednesday, January 8th. Finally, Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $435.00 to $530.00 in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $423.27.

RH Stock Performance

The firm has a market capitalization of $4.12 billion, a P/E ratio of 63.59, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. The company has a 50-day moving average price of $364.18 and a 200-day moving average price of $352.64.

Insider Transactions at RH

In other RH news, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the transaction, the chief accounting officer now directly owns 484 shares in the company, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Eri Chaya sold 25,000 shares of RH stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total value of $11,261,250.00. 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 three months. Insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Versant Capital Management Inc boosted its position in shares of RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after buying an additional 70 shares during the period. UMB Bank n.a. raised its holdings 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 in the last quarter. GAMMA Investing LLC raised its holdings in RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after acquiring an additional 64 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in RH by 690.0% during the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock worth $31,000 after acquiring an additional 69 shares in the last quarter. Finally, Rakuten Securities Inc. raised its holdings in RH by 180.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock worth $44,000 after acquiring an additional 72 shares in the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

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.