Stifel Nicolaus Issues Pessimistic Forecast for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its price objective trimmed by Stifel Nicolaus from $500.00 to $450.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently weighed in on RH. Telsey Advisory Group cut their price objective on RH from $500.00 to $420.00 and set an “outperform” rating on the stock in a research report on Monday, March 24th. Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $383.00 to $515.00 in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their price target on shares of RH from $500.00 to $375.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Bank of America lowered their price objective on shares of RH from $510.00 to $410.00 and set a “buy” rating on the stock in a research report on Wednesday, March 26th. Finally, UBS Group reduced their target price 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 investment 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $400.13.

RH Stock Down 0.8 %

RH stock opened at $234.40 on Monday. The stock has a market cap of $4.36 billion, a P/E ratio of 67.36, a P/E/G ratio of 2.65 and a beta of 2.50. The company’s 50 day moving average price is $331.40 and its two-hundred day moving average price is $352.21. RH has a 52 week low of $212.04 and a 52 week high of $457.26.

Insider Buying and Selling at RH

In related news, insider Eri Chaya sold 10,000 shares of the business’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 completion of the transaction, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,380 shares of company stock valued at $28,922,379 in the last 90 days. 28.10% of the stock is currently owned by company insiders.

Institutional Trading of RH

Several institutional investors and hedge funds have recently modified their holdings of the business. Cerity Partners LLC raised its stake in RH by 139.7% in the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after purchasing an additional 1,506 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of RH in the 3rd quarter worth $595,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of RH by 2,691.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,284 shares of the company’s stock valued at $430,000 after buying an additional 1,238 shares in the last quarter. Ingalls & Snyder LLC lifted its holdings in shares of RH by 3.0% during the 3rd quarter. Ingalls & Snyder LLC now owns 4,981 shares of the company’s stock worth $1,666,000 after acquiring an additional 146 shares during the last quarter. Finally, Portolan Capital Management LLC purchased a new position in RH in the third quarter worth $5,177,000. Hedge funds and other 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.