UBS Group Lowers RH (NYSE:RH) Price Target to $250.00

RH (NYSE:RH) had its price objective dropped by UBS Group from $440.00 to $250.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 4.38% from the stock’s current price.

A number of other analysts have also commented on the company. The Goldman Sachs Group raised RH from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $261.00 to $374.00 in a report on Thursday, January 30th. Wells Fargo & Company decreased their price target on RH from $500.00 to $375.00 and set an “overweight” rating for the company in a report on Tuesday. Stifel Nicolaus raised their price objective on RH from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Guggenheim upped their target price on shares of RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, RH currently has an average rating of “Moderate Buy” and an average price target of $412.44.

RH Stock Up 2.3 %

RH stock traded up $5.48 during midday trading on Friday, reaching $239.51. 357,250 shares of the company’s stock traded hands, compared to its average volume of 763,705. The firm’s fifty day moving average price is $357.19 and its 200-day moving average price is $350.97. RH has a 52 week low of $212.04 and a 52 week high of $457.26. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 68.82, a P/E/G ratio of 2.65 and a beta of 2.50.

Insider Buying and Selling at RH

In related news, 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 value 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 approximately $216,444.80. The trade was a 91.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eri Chaya sold 10,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 66,380 shares of company stock worth $28,922,379 over the last ninety days. 28.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RH

Several hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP bought a new position in RH in the 3rd quarter worth about $311,000. Quest Partners LLC grew its stake in RH by 57.5% during the third quarter. Quest Partners LLC now owns 898 shares of the company’s stock valued at $300,000 after acquiring an additional 328 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in RH during the 3rd quarter worth approximately $201,000. Charles Schwab Investment Management Inc. boosted its holdings in RH by 26.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after purchasing an additional 38,572 shares during the period. Finally, Cerity Partners LLC grew its position in shares of RH by 139.7% during the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after purchasing an additional 1,506 shares in the last quarter. 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.