RH (NYSE:RH) Price Target Cut to $350.00 by Analysts at Wedbush

RH (NYSE:RH) had its price target lowered by investment analysts at Wedbush from $500.00 to $350.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Wedbush’s price target suggests a potential upside of 43.55% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $383.00 to $515.00 in a report on Wednesday, January 8th. Stifel Nicolaus upped their target price on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. StockNews.com lowered RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Loop Capital lifted their price objective on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Finally, Robert W. Baird upped 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $403.25.

RH Stock Down 3.6 %

NYSE RH traded down $9.09 during trading hours on Wednesday, hitting $243.82. The company’s stock had a trading volume of 87,348 shares, compared to its average volume of 729,652. RH has a twelve month low of $212.04 and a twelve month high of $457.26. The firm has a market capitalization of $4.54 billion, a P/E ratio of 70.04, a PEG ratio of 2.65 and a beta of 2.50. The stock has a fifty day moving average of $347.25 and a 200 day moving average of $352.43.

Insider Activity

In other news, Director Keith Belling sold 500 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $417.85, for a total value of $208,925.00. Following the completion of the sale, the director now owns 4,970 shares of the company’s stock, valued at approximately $2,076,714.50. The trade was a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction, the chief accounting officer now directly owns 484 shares in the company, valued at $216,444.80. This trade represents a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,380 shares of company stock valued at $28,922,379 over the last ninety days. 28.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RH

A number of large investors have recently modified their holdings of RH. PNC Financial Services Group Inc. increased its position in RH by 0.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company’s stock worth $1,524,000 after purchasing an additional 29 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of RH by 6.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company’s stock worth $216,000 after buying an additional 31 shares in the last quarter. Insight Advisors LLC PA lifted its stake in shares of RH by 2.3% in the 4th quarter. Insight Advisors LLC PA now owns 1,449 shares of the company’s stock valued at $571,000 after acquiring an additional 33 shares during the last quarter. US Bancorp DE lifted its stake in shares of RH by 14.6% in the 4th quarter. US Bancorp DE now owns 283 shares of the company’s stock valued at $111,000 after acquiring an additional 36 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after acquiring an additional 39 shares in the last quarter. Institutional investors and hedge funds 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.