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

RH (NYSE:RH) had its price objective decreased by Guggenheim from $550.00 to $500.00 in a research note published on Wednesday morning,Benzinga reports. Guggenheim currently has a buy rating on the stock.

A number of other research analysts have also issued reports on the company. Wedbush reaffirmed an “outperform” rating and set a $500.00 target price on shares of RH in a report on Tuesday, February 18th. UBS Group dropped their target price on shares of RH from $440.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Loop Capital raised their target price 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 dropped their price target on RH from $500.00 to $420.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Wells Fargo & Company reduced their price objective on RH from $500.00 to $375.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $403.25.

RH Stock Performance

Shares of NYSE RH opened at $243.83 on Wednesday. RH has a 1 year low of $212.04 and a 1 year high of $457.26. The firm has a market cap of $4.54 billion, a P/E ratio of 70.06, a PEG ratio of 2.65 and a beta of 2.50. The stock has a fifty day moving average price of $343.58 and a two-hundred day moving average price of $351.67.

Insider Buying and Selling

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 shares were 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 directly owns 4,970 shares of the company’s stock, valued at $2,076,714.50. The trade was a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were 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 owns 484 shares in the company, valued at $216,444.80. This represents a 91.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,380 shares of company stock worth $28,922,379. Corporate insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. FMR LLC lifted its holdings in RH by 0.7% in the 4th quarter. FMR LLC now owns 2,790,314 shares of the company’s stock worth $1,098,240,000 after purchasing an additional 18,040 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of 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 grew its stake in RH by 9.6% in the 4th quarter. Anomaly Capital Management LP now owns 481,111 shares of the company’s stock valued at $189,360,000 after buying an additional 41,986 shares during the last quarter. Alliancebernstein L.P. raised its holdings in RH by 1,960.8% in the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock worth $143,148,000 after acquiring an additional 346,050 shares during the period. Finally, Senvest Management LLC lifted its position 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 acquiring an additional 82,742 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

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.