RH (NYSE:RH) Price Target Lowered to $500.00 at Guggenheim

RH (NYSE:RH) had its price objective reduced by stock analysts at Guggenheim from $550.00 to $500.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Guggenheim’s target price indicates a potential upside of 98.37% from the stock’s current price.

Several other brokerages have also recently weighed in on RH. Wedbush reaffirmed an “outperform” rating and issued a $500.00 price target on shares of RH in a research note on Tuesday, February 18th. Telsey Advisory Group reduced their price objective on shares of RH from $500.00 to $420.00 and set an “outperform” rating for the company in a research note on Monday. Robert W. Baird boosted their price target on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. Finally, Wells Fargo & Company lowered their target price on shares of RH from $500.00 to $375.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, RH currently has an average rating of “Moderate Buy” and an average target price of $409.44.

RH Price Performance

RH stock opened at $252.06 on Wednesday. RH has a 1 year low of $212.04 and a 1 year high of $457.26. The firm has a 50-day moving average of $347.25 and a 200 day moving average of $352.43. The company has a market cap of $4.69 billion, a P/E ratio of 72.56, a PEG ratio of 2.65 and a beta of 2.50.

Insider Transactions at RH

In other RH news, insider Eri Chaya sold 25,000 shares of RH stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $426.41, for a total transaction of $10,660,250.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Keith Belling sold 500 shares of the company’s stock in a transaction that occurred 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 approximately $2,076,714.50. The trade was a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,380 shares of company stock worth $28,922,379 in the last three months. Corporate insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

Several large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its stake in shares of RH by 0.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company’s stock worth $1,524,000 after buying an additional 29 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in RH by 6.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company’s stock valued at $216,000 after buying an additional 31 shares during the period. Insight Advisors LLC PA lifted its holdings 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 worth $571,000 after acquiring an additional 33 shares during the last quarter. US Bancorp DE boosted its position in shares of RH by 14.6% during the fourth quarter. US Bancorp DE now owns 283 shares of the company’s stock valued at $111,000 after buying an additional 36 shares during the period. Finally, UMB Bank n.a. boosted its holdings in 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 during the period. 90.17% of the stock is currently 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.