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

RH (NYSE:RH)’s share price gapped down prior to trading on Tuesday after StockNews.com downgraded the stock from a hold rating to a sell rating. The stock had previously closed at $225.32, but opened at $217.37. RH shares last traded at $221.96, with a volume of 56,577 shares changing hands.

RH has been the topic of several other research reports. Guggenheim boosted 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. Morgan Stanley raised shares of RH from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $435.00 to $530.00 in a report on Monday, January 13th. Stifel Nicolaus upped their target price on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, December 16th. 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 report on Tuesday. Finally, Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $383.00 to $515.00 in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, RH presently has an average rating of “Moderate Buy” and an average price target of $423.27.

Insider Buying and Selling at RH

In related news, insider Eri Chaya sold 25,000 shares of RH stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the transaction, the chief accounting officer now directly owns 484 shares in the company, valued at $216,444.80. The trade was a 91.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,380 shares of company stock worth $28,922,379. Company insiders own 28.10% of the company’s stock.

Institutional Trading of RH

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

RH Stock Performance

The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 66.21, a P/E/G ratio of 2.65 and a beta of 2.50. The firm’s fifty day simple moving average is $360.64 and its 200 day simple moving average is $351.79.

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.