RH (NYSE:RH - Free Report) had its price target cut by Wells Fargo & Company from $500.00 to $375.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.
RH has been the subject of a number of other research reports. Wedbush restated an "outperform" rating and issued a $500.00 price objective on shares of RH in a research note on Tuesday, February 18th. Stifel Nicolaus lifted their price objective on RH from $420.00 to $500.00 and gave the company a "buy" rating in a report on Monday, December 16th. Robert W. Baird increased their target price on RH from $300.00 to $400.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Telsey Advisory Group raised RH from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $485.00 to $500.00 in a research note on Thursday, December 19th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $412.44.
Read Our Latest Report on RH
RH Stock Up 3.5 %
RH stock traded up $8.21 during trading hours on Tuesday, hitting $242.24. The stock had a trading volume of 1,263,340 shares, compared to its average volume of 766,718. The company has a 50-day moving average of $353.74 and a two-hundred day moving average of $350.89. RH has a fifty-two week low of $212.04 and a fifty-two week high of $457.26. The company has a market cap of $4.51 billion, a PE ratio of 69.61, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50.
Insider Buying and Selling at RH
In other RH news, CAO Christina Hargarten sold 5,280 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now 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 filing with the SEC, which can be accessed through the SEC website. Also, insider Eri Chaya sold 25,000 shares of the business's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total value of $11,261,250.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,380 shares of company stock worth $28,922,379. Company insiders own 28.10% of the company's stock.
Institutional Investors Weigh In On RH
Several large investors have recently bought and sold shares of RH. Virtu Financial LLC acquired a new stake in RH during the 3rd quarter worth $4,268,000. Invst LLC bought a new position in shares of RH during the 3rd quarter valued at about $752,000. Cerity Partners LLC grew its position in shares of 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 stake in RH by 0.9% during the 4th quarter. Victory Capital Management Inc. now owns 50,684 shares of the company's stock worth $19,949,000 after purchasing an additional 445 shares in the last quarter. Finally, L.M. Kohn & Company acquired a new stake in RH during the 4th quarter worth approximately $289,000. Institutional investors own 90.17% of the company's stock.
About RH
(
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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.
Further Reading
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