RH (NYSE:RH) Downgraded to “Sell” Rating by StockNews.com

RH (NYSE:RH) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

A number of other equities analysts also recently commented on the stock. Wedbush reissued an “outperform” rating and issued a $500.00 price objective on shares of RH in a research note on Tuesday, February 18th. Telsey Advisory Group raised shares of RH from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $485.00 to $500.00 in a research note on Thursday, December 19th. Guggenheim boosted their price objective on shares of RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Loop Capital boosted their price objective on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Finally, Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $435.00 to $530.00 in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, RH has an average rating of “Moderate Buy” and a consensus target price of $423.27.

RH Stock Down 1.8 %

Shares of NYSE:RH opened at $221.30 on Wednesday. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 63.59, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. RH has a 52 week low of $212.04 and a 52 week high of $457.26. The firm has a 50 day moving average of $364.18 and a 200 day moving average of $352.64.

Insider Activity

In other RH news, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $426.41, for a total value of $10,660,250.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Keith Belling sold 500 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $417.85, for a total transaction of $208,925.00. Following the completion of the sale, the director now directly 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 disclosure for this sale can be found here. Insiders have sold 66,380 shares of company stock valued at $28,922,379 over the last ninety days. 28.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RH

Several hedge funds have recently added to or reduced their stakes in RH. Alliancebernstein L.P. boosted its holdings in RH by 1,960.8% in the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock valued at $143,148,000 after purchasing an additional 346,050 shares during the last quarter. Norges Bank acquired a new position in shares of RH during the 4th quarter worth about $54,314,000. Raymond James Financial Inc. acquired a new stake in RH in the 4th quarter valued at about $52,190,000. Freestone Grove Partners LP acquired a new stake in RH in the 4th quarter valued at about $44,744,000. Finally, American Century Companies Inc. raised its holdings in RH by 2,227.7% in the 4th quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock valued at $41,603,000 after acquiring an additional 101,160 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

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.