Citigroup Has Lowered Expectations for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its price objective cut by investment analysts at Citigroup from $556.00 to $437.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 72.97% from the company’s previous close.

A number of other equities analysts have also commented on the company. Barclays raised RH from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $383.00 to $515.00 in a report on Wednesday, January 8th. Guggenheim lifted 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. 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 report on Monday, December 16th. Telsey Advisory Group cut their price objective on shares of RH from $500.00 to $420.00 and set an “outperform” rating for the company in a research report on Monday. Finally, The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and upped their target price for the stock from $261.00 to $374.00 in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, RH has a consensus rating of “Moderate Buy” and an average target price of $412.56.

RH Stock Down 2.0 %

NYSE RH opened at $252.65 on Monday. The company’s 50 day moving average is $347.25 and its 200-day moving average is $352.43. The firm has a market cap of $4.70 billion, a P/E ratio of 72.60, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. RH has a 12-month low of $212.04 and a 12-month high of $457.26.

Insiders Place Their Bets

In other RH news, Director Keith Belling sold 500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 4,970 shares in the company, valued at approximately $2,076,714.50. The trade was a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eri Chaya sold 10,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $416.27, for a total value of $4,162,700.00. 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 corporate insiders.

Institutional Investors Weigh In On RH

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quest Partners LLC raised its stake in shares of 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 during the last quarter. Landscape Capital Management L.L.C. bought a new position in RH during the 3rd quarter valued at approximately $201,000. Charles Schwab Investment Management Inc. raised its position in RH by 26.4% during 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 last quarter. Cerity Partners LLC lifted its holdings in RH by 139.7% in the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock worth $864,000 after buying an additional 1,506 shares during the period. Finally, Centaurus Financial Inc. bought a new stake in shares of RH in the 3rd quarter worth approximately $100,000. 90.17% of the stock is currently owned by institutional investors.

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.