Guggenheim Lowers RH (NYSE:RH) Price Target to $500.00

RH (NYSE:RH) had its target price dropped by stock analysts at Guggenheim from $550.00 to $500.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price target suggests a potential upside of 98.37% from the stock’s previous close.

Several other analysts also recently commented on RH. Loop Capital increased their price objective on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $435.00 to $530.00 in a research report on Monday, January 13th. StockNews.com downgraded shares of RH from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. Telsey Advisory Group lowered their target price on shares of RH from $500.00 to $420.00 and set an “outperform” rating for the company in a report on Monday. Finally, The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $261.00 to $374.00 in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $409.44.

RH Price Performance

Shares of NYSE RH opened at $252.06 on Wednesday. The company has a 50-day moving average price of $347.25 and a 200-day moving average price of $352.43. The stock has a market capitalization of $4.69 billion, a P/E ratio of 72.56, a P/E/G 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.

Insider Activity

In other RH news, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction that occurred on 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 directly owns 484 shares in the company, valued at $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Keith Belling sold 500 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the completion of the transaction, the director now owns 4,970 shares of the company’s stock, valued at $2,076,714.50. This trade represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,380 shares of company stock valued at $28,922,379 over the last quarter. Company insiders own 28.10% of the company’s stock.

Institutional Trading of RH

A number of hedge funds have recently bought and sold shares of the company. UMB Bank n.a. lifted its stake in RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares during the last quarter. Versant Capital Management Inc boosted its stake 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 valued at $28,000 after purchasing an additional 70 shares during the period. GAMMA Investing LLC grew its holdings in shares of RH by 533.3% in the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after purchasing an additional 64 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in RH by 690.0% in the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock worth $31,000 after acquiring an additional 69 shares during the last quarter. Finally, Rakuten Securities Inc. increased its position in shares of RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after acquiring an additional 72 shares during the period. Institutional investors own 90.17% of the company’s stock.

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.