RH (NYSE:RH) Price Target Cut to $437.00 by Analysts at Citigroup

RH (NYSE:RH - Get Free Report) had its target price lowered by stock analysts at Citigroup from $556.00 to $437.00 in a report issued on Monday, Marketbeat.com reports. The brokerage presently has a "buy" rating on the stock. Citigroup's price objective points to a potential upside of 79.93% from the stock's current price.

Other equities research analysts have also issued reports about the company. Loop Capital upped their price objective on RH from $320.00 to $450.00 and gave the company a "hold" rating in a research note on Monday, December 16th. Telsey Advisory Group lowered their target price on RH from $500.00 to $420.00 and set an "outperform" rating for the company in a research note on Monday. Morgan Stanley raised shares of RH from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $435.00 to $530.00 in a research note on Monday, January 13th. Wells Fargo & Company decreased their target price on RH from $500.00 to $375.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. Finally, 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 report on Wednesday, January 8th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $403.25.

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RH Stock Down 0.3 %

Shares of RH stock traded down $0.71 during trading hours on Monday, reaching $242.87. 494,443 shares of the company's stock were exchanged, compared to its average volume of 765,399. RH has a fifty-two week low of $212.04 and a fifty-two week high of $457.26. The business has a fifty day moving average price of $343.58 and a 200-day moving average price of $351.67. The stock has a market capitalization of $4.52 billion, a P/E ratio of 69.79, a P/E/G ratio of 2.65 and a beta of 2.50.

Insider Buying and Selling at RH

In related news, CAO Christina Hargarten sold 5,280 shares of the firm's stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 484 shares of the company's stock, valued at approximately $216,444.80. This trade 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 is available through the SEC website. Also, Director Keith Belling sold 500 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $417.85, for a total value of $208,925.00. Following the sale, the director now directly owns 4,970 shares in the company, valued at $2,076,714.50. This represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,380 shares of company stock valued at $28,922,379 in the last quarter. 28.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its position in RH by 0.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company's stock worth $1,524,000 after purchasing an additional 29 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in RH by 6.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company's stock valued at $216,000 after purchasing an additional 31 shares during the period. Insight Advisors LLC PA raised its position in shares of RH by 2.3% during the fourth quarter. Insight Advisors LLC PA now owns 1,449 shares of the company's stock worth $571,000 after acquiring an additional 33 shares during the last quarter. US Bancorp DE lifted its stake in shares of RH by 14.6% in the fourth quarter. US Bancorp DE now owns 283 shares of the company's stock worth $111,000 after acquiring an additional 36 shares during the period. Finally, UMB Bank n.a. boosted its position in RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company's stock valued at $28,000 after acquiring an additional 39 shares during the last quarter. 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.