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

RH (NYSE:RH) had its price objective decreased by investment analysts at UBS Group from $440.00 to $250.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 3.21% from the company’s previous close.

Several other analysts have also weighed in on the stock. Wedbush reiterated an “outperform” rating and issued a $500.00 price objective on shares of RH in a research note on Tuesday, February 18th. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and lifted their price target for the company from $261.00 to $374.00 in a research report on Thursday, January 30th. Loop Capital lifted their price target on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Finally, Wells Fargo & Company cut their price objective on shares of RH from $500.00 to $375.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, RH currently has a consensus rating of “Moderate Buy” and a consensus target price of $412.44.

RH Stock Up 3.5 %

NYSE:RH opened at $242.24 on Friday. The company has a fifty day moving average of $353.74 and a 200-day moving average of $351.58. The firm has a market capitalization 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 twelve month low of $212.04 and a twelve month high of $457.26.

Insider Activity at RH

In other news, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Keith Belling sold 500 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $417.85, for a total value of $208,925.00. Following the sale, the director now owns 4,970 shares in the company, valued at approximately $2,076,714.50. This represents a 9.14 % decrease in their ownership of the stock. 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 Investors Weigh In On RH

Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in shares of RH during the third quarter worth about $4,268,000. Invst LLC purchased a new position in shares of RH during the third quarter worth about $752,000. Cerity Partners LLC grew its holdings in shares of RH by 139.7% during the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock worth $864,000 after purchasing an additional 1,506 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of RH by 0.9% during the fourth quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock worth $19,949,000 after purchasing an additional 445 shares in the last quarter. Finally, L.M. Kohn & Company purchased a new position in shares of RH during the fourth quarter worth about $289,000. 90.17% of the stock is currently owned by 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.