RH (NYSE:RH) Given New $437.00 Price Target at Citigroup

RH (NYSE:RH) had its price objective reduced by Citigroup from $556.00 to $437.00 in a research note published on Monday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

RH has been the topic of a number of other reports. Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $435.00 to $530.00 in a report on Monday, January 13th. Wells Fargo & Company reduced their price objective on RH from $500.00 to $375.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. The Goldman Sachs Group raised RH from a “sell” rating to a “neutral” rating and raised their price objective for the company from $261.00 to $374.00 in a research note on Thursday, January 30th. Telsey Advisory Group cut their target price on RH from $500.00 to $420.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Stifel Nicolaus raised their price target on RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $403.25.

RH Stock Performance

RH stock opened at $243.83 on Monday. The firm has a fifty day moving average price of $343.58 and a 200 day moving average price of $351.67. RH has a fifty-two week low of $212.04 and a fifty-two week high of $457.26. The firm has a market cap of $4.54 billion, a PE ratio of 70.06, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50.

Insider Buying and Selling at RH

In other RH news, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $426.41, for a total value of $10,660,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith Belling sold 500 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were 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 approximately $2,076,714.50. This represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,380 shares of company stock valued at $28,922,379 in the last three months. Company insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

Several hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. increased its holdings in RH by 1,960.8% during the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock valued at $143,148,000 after buying an additional 346,050 shares during the period. Norges Bank bought a new stake in RH during the 4th quarter valued at $54,314,000. Raymond James Financial Inc. purchased a new position in shares of RH in the 4th quarter valued at $52,190,000. Freestone Grove Partners LP bought a new position in shares of RH in the 4th quarter worth $44,744,000. Finally, American Century Companies Inc. lifted its stake in shares of RH by 2,227.7% during the 4th quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock worth $41,603,000 after purchasing an additional 101,160 shares during the last quarter. Hedge funds and other 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.