RH (NYSE:RH) Cut to Sell at StockNews.com

RH (NYSE:RH - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Wednesday.

Several other equities analysts have also recently weighed in on RH. The Goldman Sachs Group raised RH from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $261.00 to $374.00 in a report on Thursday, January 30th. Stifel Nicolaus upped their price objective on shares of RH from $420.00 to $500.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Wedbush reissued an "outperform" rating and issued a $500.00 target price on shares of RH in a report on Tuesday, February 18th. Guggenheim boosted their target price on shares of RH from $425.00 to $550.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Finally, Telsey Advisory Group upgraded shares of RH from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $485.00 to $500.00 in a research report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $412.44.

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RH Stock Performance

NYSE:RH traded up $8.21 during mid-day trading on Wednesday, hitting $242.24. 1,263,340 shares of the stock were exchanged, compared to its average volume of 766,718. The firm's 50-day simple moving average is $353.74 and its 200 day simple moving average is $350.89. RH has a fifty-two week low of $212.04 and a fifty-two week high of $457.26. The stock 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.

Insider Transactions at RH

In other RH news, insider Edward T. Lee sold 600 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $446.73, for a total transaction of $268,038.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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. This represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,380 shares of company stock worth $28,922,379. Company insiders own 28.10% of the company's stock.

Hedge Funds Weigh In On RH

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