Citigroup Cuts RH (NYSE:RH) Price Target to $437.00

RH (NYSE:RH) had its target price cut by Citigroup from $556.00 to $437.00 in a research note published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

RH has been the topic of a number of other reports. Wells Fargo & Company decreased their price objective on shares of RH from $500.00 to $375.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Wedbush reissued an “outperform” rating and set a $500.00 price target on shares of RH in a report on Tuesday, February 18th. UBS Group reduced their price objective on RH from $440.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday. Guggenheim boosted 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. Finally, Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $383.00 to $515.00 in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $412.56.

RH Trading Up 6.7 %

NYSE RH opened at $258.52 on Monday. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 74.29, a PEG 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. RH has a 1-year low of $212.04 and a 1-year high of $457.26.

Insider Transactions at RH

In other news, insider Eri Chaya sold 10,000 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Belling sold 500 shares of the firm’s stock in a transaction dated 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 66,380 shares of company stock valued at $28,922,379 in the last quarter. 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 stock. Virtu Financial LLC purchased a new stake in RH in the 3rd quarter valued at $4,268,000. Invst LLC purchased a new position in RH in the third quarter worth $752,000. Cerity Partners LLC grew its stake in RH by 139.7% in the 3rd 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 during the period. Victory Capital Management Inc. increased its position in shares of RH by 0.9% during the 4th quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock valued at $19,949,000 after purchasing an additional 445 shares during the last quarter. Finally, L.M. Kohn & Company bought a new stake in shares of RH during the 4th quarter worth $289,000. 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.