Telsey Advisory Group Cuts RH (NYSE:RH) Price Target to $420.00

RH (NYSE:RH) had its target price decreased by equities researchers at Telsey Advisory Group from $500.00 to $420.00 in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the stock. Telsey Advisory Group’s target price suggests a potential upside of 73.38% from the company’s previous close.

RH has been the subject of a number of other reports. The Goldman Sachs Group upgraded shares of 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 report on Thursday, January 30th. Guggenheim boosted their price target on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $383.00 to $515.00 in a report on Wednesday, January 8th. Robert W. Baird lifted their price objective on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Loop Capital boosted their target price on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $407.44.

RH Stock Up 3.5 %

Shares of NYSE RH opened at $242.24 on Monday. The company has a market cap of $4.51 billion, a P/E ratio of 69.61, a P/E/G ratio of 2.65 and a beta of 2.50. RH has a 52 week low of $212.04 and a 52 week high of $457.26. The business has a 50-day simple moving average of $353.74 and a two-hundred day simple moving average of $352.33.

Insider Buying and Selling

In other news, insider Eri Chaya sold 10,000 shares of RH stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $416.27, for a total value of $4,162,700.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Edward T. Lee sold 600 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. Insiders sold 66,380 shares of company stock worth $28,922,379 in the last quarter. 28.10% of the stock is owned by insiders.

Hedge Funds Weigh In On RH

A number of large investors have recently bought and sold shares of the stock. FMR LLC boosted its stake in shares of RH by 0.7% during the fourth quarter. FMR LLC now owns 2,790,314 shares of the company’s stock valued at $1,098,240,000 after purchasing an additional 18,040 shares during the period. Vanguard Group Inc. boosted its position in RH by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 1,402,010 shares of the company’s stock valued at $551,817,000 after buying an additional 18,389 shares during the period. Anomaly Capital Management LP grew its holdings in RH by 9.6% in the 4th quarter. Anomaly Capital Management LP now owns 481,111 shares of the company’s stock worth $189,360,000 after acquiring an additional 41,986 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of RH by 1,960.8% in the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock valued at $143,148,000 after acquiring an additional 346,050 shares during the period. Finally, Senvest Management LLC increased its position in shares of RH by 35.6% in the fourth quarter. Senvest Management LLC now owns 315,368 shares of the company’s stock valued at $124,126,000 after acquiring an additional 82,742 shares during the period. 90.17% of the stock is owned by hedge funds and other institutional investors.

About RH

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.