RH (NYSE:RH) Given New $420.00 Price Target at Telsey Advisory Group

RH (NYSE:RH) had its price target decreased by Telsey Advisory Group from $500.00 to $420.00 in a research note published on Monday, Marketbeat reports. Telsey Advisory Group currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Loop Capital raised their price objective on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Guggenheim raised their target price on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and increased their price target for the stock from $261.00 to $374.00 in a report on Thursday, January 30th. UBS Group lowered their target price on shares of RH from $440.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Stifel Nicolaus boosted their price target on shares of RH from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $412.56.

RH Trading Up 6.7 %

Shares of NYSE RH opened at $258.52 on Monday. RH has a 12-month low of $212.04 and a 12-month high of $457.26. The stock has a market cap of $4.81 billion, a PE ratio of 74.29, a P/E/G ratio of 2.65 and a beta of 2.50. The company has a 50-day moving average of $350.53 and a 200 day moving average of $352.39.

Insider Buying and Selling

In other news, CAO Christina Hargarten sold 5,280 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was 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 directly owns 484 shares of the company’s stock, valued at approximately $216,444.80. This represents a 91.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward T. Lee sold 600 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $446.73, for a total transaction of $268,038.00. The disclosure for this sale can be found here. Insiders sold a total of 66,380 shares of company stock worth $28,922,379 over the last 90 days. 28.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its position in RH by 14.0% in the 4th quarter. Wellington Management Group LLP now owns 44,880 shares of the company’s stock valued at $17,664,000 after acquiring an additional 5,506 shares during the period. 111 Capital purchased a new position in RH in the 4th quarter valued at $211,000. PKO Investment Management Joint Stock Co acquired a new position in RH in the 4th quarter valued at $590,000. Copia Wealth Management purchased a new position in RH during the 4th quarter worth $106,000. Finally, Polar Asset Management Partners Inc. lifted its stake in shares of RH by 321.4% in the 4th quarter. Polar Asset Management Partners Inc. now owns 17,700 shares of the company’s stock worth $6,967,000 after acquiring an additional 13,500 shares during the period. 90.17% of the stock is owned by hedge funds and other institutional investors.

About RH

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.