Guggenheim Issues Pessimistic Forecast for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its target price decreased by investment analysts at Guggenheim from $550.00 to $500.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim’s target price points to a potential upside of 104.64% from the company’s previous close.

Several other brokerages have also recently issued reports on RH. Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $435.00 to $530.00 in a research report on Monday, January 13th. Wedbush reissued an “outperform” rating and issued a $500.00 price objective on shares of RH in a report on Tuesday, February 18th. Citigroup reduced their target price on shares of RH from $556.00 to $437.00 and set a “buy” rating for the company in a report on Monday. Loop Capital increased their price target on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Finally, UBS Group cut their price objective on shares of RH from $440.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, RH presently has an average rating of “Moderate Buy” and a consensus target price of $403.25.

RH Trading Up 0.3 %

Shares of RH stock opened at $244.33 on Wednesday. The stock has a market capitalization of $4.55 billion, a P/E ratio of 70.21, a P/E/G ratio of 2.65 and a beta of 2.50. The firm’s 50 day moving average is $339.83 and its 200 day moving average is $350.92. RH has a 12-month low of $212.04 and a 12-month high of $457.26.

Insider Transactions at RH

In other RH news, 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Edward T. Lee sold 600 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $446.73, for a total transaction of $268,038.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,380 shares of company stock worth $28,922,379. 28.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RH

A number of large investors have recently bought and sold shares of the business. Versant Capital Management Inc boosted its stake in shares of RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after purchasing an additional 70 shares during the period. UMB Bank n.a. lifted its holdings in RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after buying an additional 39 shares in the last quarter. GAMMA Investing LLC lifted its holdings in RH by 533.3% during the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after buying an additional 64 shares in the last quarter. Sunbelt Securities Inc. boosted its position in RH by 690.0% in the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock valued at $31,000 after buying an additional 69 shares during the period. Finally, Rakuten Securities Inc. grew 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 acquiring an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

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.