RH (NYSE:RH) Rating Lowered to Sell at StockNews.com

RH (NYSE:RH) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

A number of other brokerages have also recently commented on RH. Wedbush reissued an “outperform” rating and set a $500.00 target price on shares of RH in a report on Tuesday, February 18th. Guggenheim increased their target price on RH from $425.00 to $550.00 and gave the company a “buy” rating in a report on Friday, December 13th. Wells Fargo & Company cut their price target on RH from $500.00 to $375.00 and set an “overweight” rating for the company in a report on Tuesday. Loop Capital increased their price target on RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group raised RH from a “sell” rating to a “neutral” rating and increased their price target for the company from $261.00 to $374.00 in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, RH currently has a consensus rating of “Moderate Buy” and a consensus price target of $423.27.

RH Price Performance

Shares of RH stock opened at $234.56 on Wednesday. The business has a 50 day simple moving average of $357.19 and a two-hundred day simple moving average of $350.97. RH has a 12 month low of $212.04 and a 12 month high of $457.26. The stock has a market capitalization of $4.36 billion, a P/E ratio of 67.40, a PEG ratio of 2.65 and a beta of 2.50.

Insiders Place Their Bets

In other RH news, insider Edward T. Lee sold 600 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $446.73, for a total transaction of $268,038.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith Belling sold 500 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $417.85, for a total value of $208,925.00. Following the sale, the director now directly owns 4,970 shares of the company’s stock, valued at approximately $2,076,714.50. This trade 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 over the last quarter. 28.10% of the stock is owned by insiders.

Institutional Investors Weigh In On RH

A number of institutional investors have recently modified their holdings of RH. GSA Capital Partners LLP acquired a new stake in shares of RH in the third quarter valued at $311,000. KBC Group NV grew its stake in shares of RH by 25.8% in the third quarter. KBC Group NV now owns 454 shares of the company’s stock valued at $152,000 after buying an additional 93 shares in the last quarter. Quest Partners LLC grew its stake in shares of RH by 57.5% in the third quarter. Quest Partners LLC now owns 898 shares of the company’s stock valued at $300,000 after buying an additional 328 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of RH in the third quarter valued at $201,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of RH by 26.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after buying an additional 38,572 shares in the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

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.