RH (NYSE:RH) Shares Gap Down on Analyst Downgrade

RH (NYSE:RH) gapped down before the market opened on Tuesday after Wells Fargo & Company lowered their price target on the stock from $500.00 to $375.00. The stock had previously closed at $225.32, but opened at $217.37. Wells Fargo & Company currently has an overweight rating on the stock. RH shares last traded at $221.96, with a volume of 56,577 shares.

RH has been the subject of several other research reports. The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $261.00 to $374.00 in a report on Thursday, January 30th. Loop Capital raised their price target on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Guggenheim raised their price target on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a report on Friday, December 13th. StockNews.com raised shares of RH from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Finally, Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $383.00 to $515.00 in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $423.27.

Insider Activity

In other news, CAO Christina Hargarten sold 5,280 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the transaction, the chief accounting officer now owns 484 shares of the company’s stock, valued at $216,444.80. The trade was a 91.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 directly 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 valued at $28,922,379 in the last quarter. Company insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RH. Versant Capital Management Inc boosted its stake in RH by 7,000.0% in the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after purchasing an additional 70 shares during the period. UMB Bank n.a. boosted its stake in RH by 125.8% in the 4th 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 period. GAMMA Investing LLC boosted its stake in RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after purchasing an additional 64 shares during the period. Sunbelt Securities Inc. boosted its stake 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 purchasing an additional 69 shares during the period. Finally, Rakuten Securities Inc. boosted its stake in RH by 180.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock worth $44,000 after purchasing an additional 72 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Trading Down 1.5 %

The stock’s 50 day moving average is $367.82 and its two-hundred day moving average is $352.87. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 63.78, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50.

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.