UBS Group Cuts RH (NYSE:RH) Price Target to $250.00

RH (NYSE:RH) had its target price reduced by UBS Group from $440.00 to $250.00 in a research report report published on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts also recently issued reports on the company. The Goldman Sachs Group raised RH from a “sell” rating to a “neutral” rating and boosted their price target for the company from $261.00 to $374.00 in a report on Thursday, January 30th. Barclays raised RH from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $383.00 to $515.00 in a report on Wednesday, January 8th. Wells Fargo & Company decreased their price target on RH from $500.00 to $375.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Telsey Advisory Group raised RH from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $485.00 to $500.00 in a report on Thursday, December 19th. Finally, StockNews.com cut RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $412.44.

RH Stock Up 3.5 %

RH stock opened at $242.24 on Friday. RH has a 52 week low of $212.04 and a 52 week high of $457.26. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 69.61, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. The stock has a 50-day moving average price of $353.74 and a 200 day moving average price of $352.33.

Insider Buying and Selling

In other RH news, insider Eri Chaya sold 10,000 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $416.27, for a total value of $4,162,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the sale, the chief accounting officer now 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. Over the last ninety days, insiders sold 66,380 shares of company stock worth $28,922,379. 28.10% of the stock is owned by corporate insiders.

Institutional Trading of RH

Several large investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. lifted 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 purchasing an additional 39 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of RH by 7,000.0% in the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after purchasing an additional 70 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after purchasing an additional 64 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in shares of RH by 690.0% in the 4th 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 last quarter. Finally, Rakuten Securities Inc. lifted its stake in shares of RH by 180.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after purchasing an additional 72 shares during the last quarter. 90.17% of the stock is currently 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.