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

RH (NYSE:RH - Free Report) had its price objective trimmed by UBS Group from $440.00 to $250.00 in a report released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also issued research reports about the company. Barclays upgraded shares of RH from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $383.00 to $515.00 in a research note on Wednesday, January 8th. Wedbush restated an "outperform" rating and issued a $500.00 target price on shares of RH in a report on Tuesday, February 18th. Telsey Advisory Group upgraded shares of RH from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $485.00 to $500.00 in a research note on Thursday, December 19th. Robert W. Baird raised their price target on RH from $300.00 to $400.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Finally, Guggenheim upped their price objective on RH from $425.00 to $550.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $412.56.

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RH Stock Up 5.9 %

Shares of RH stock traded up $14.32 on Friday, reaching $256.50. The company's stock had a trading volume of 637,757 shares, compared to its average volume of 729,402. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 73.75, a P/E/G ratio of 2.65 and a beta of 2.50. RH has a 52 week low of $212.04 and a 52 week high of $457.26. The firm's fifty day simple moving average is $353.74 and its two-hundred day simple moving average is $352.33.

Insiders Place Their Bets

In related news, CAO Christina Hargarten sold 5,280 shares of the business'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 sale, the chief accounting officer now owns 484 shares in the company, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Eri Chaya sold 25,000 shares of RH stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The disclosure for this sale can be found here. Insiders sold 66,380 shares of company stock worth $28,922,379 in the last three months. 28.10% of the stock is owned by company insiders.

Institutional Trading of RH

Hedge funds have recently made changes to their positions in the business. 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. UMB Bank n.a. raised its stake in shares of RH by 125.8% in 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 period. GAMMA Investing LLC boosted its stake in shares of RH by 533.3% during the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company's stock worth $30,000 after purchasing an additional 64 shares during the period. Sunbelt Securities Inc. grew its holdings in RH by 690.0% during 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 RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock worth $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.

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.