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

RH (NYSE:RH) had its price target decreased by Wedbush from $500.00 to $350.00 in a report released on Wednesday, MarketBeat reports. The brokerage presently has an “outperform” rating on the stock. Wedbush’s price target points to a potential upside of 43.25% from the stock’s previous close.

Several other research analysts also recently commented on RH. Stifel Nicolaus lifted their price target on RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $383.00 to $515.00 in a research note on Wednesday, January 8th. Robert W. Baird boosted their price target on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Loop Capital lifted their price objective on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $403.25.

RH Price Performance

RH stock opened at $244.33 on Wednesday. RH has a fifty-two week low of $212.04 and a fifty-two week high of $457.26. The firm has a fifty day moving average price of $339.83 and a two-hundred day moving average price of $350.92. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 70.21, a P/E/G ratio of 2.65 and a beta of 2.50.

Insider Activity at RH

In other news, 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 transaction of $4,162,700.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction of $208,925.00. Following the completion of the transaction, the director now owns 4,970 shares of the company’s stock, valued at $2,076,714.50. This trade represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,380 shares of company stock valued at $28,922,379 in the last ninety days. Insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in RH by 7,000.0% in the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after acquiring an additional 70 shares during the last quarter. UMB Bank n.a. increased its stake in shares of RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after acquiring an additional 39 shares during the last quarter. GAMMA Investing LLC boosted its stake in RH by 533.3% during the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after acquiring an additional 64 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in RH by 690.0% during the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock valued at $31,000 after purchasing an additional 69 shares during the period. Finally, Rakuten Securities Inc. raised its holdings in RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock worth $44,000 after purchasing an additional 72 shares during the period. Institutional investors 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.