RH (NYSE:RH) Shares Gap Down After Analyst Downgrade

RH (NYSE:RH - Get Free Report) gapped down prior to trading on Tuesday after UBS Group lowered their price target on the stock from $440.00 to $250.00. The stock had previously closed at $225.32, but opened at $217.37. UBS Group currently has a neutral rating on the stock. RH shares last traded at $221.96, with a volume of 56,577 shares trading hands.

Several other brokerages have also recently weighed in on RH. Loop Capital raised their price target on shares of RH from $320.00 to $450.00 and gave the company a "hold" rating in a research report on Monday, December 16th. Guggenheim increased their price objective on shares of RH from $425.00 to $550.00 and gave the company a "buy" rating in a research note on Friday, December 13th. The Goldman Sachs Group upgraded shares of RH from a "sell" rating to a "neutral" rating and increased their price objective for the company from $261.00 to $374.00 in a research note on Thursday, January 30th. Wells Fargo & Company decreased their price objective on shares of RH from $500.00 to $375.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Morgan Stanley upgraded shares of RH from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $435.00 to $530.00 in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $412.44.

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Insider Buying and Selling

In other RH news, Director Keith Belling sold 500 shares of the business'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 sale, the director now owns 4,970 shares of the company's stock, valued at $2,076,714.50. The trade was a 9.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Edward T. Lee sold 600 shares of the business's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $446.73, for a total transaction of $268,038.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,380 shares of company stock valued at $28,922,379. 28.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc grew its position in shares of RH by 7,000.0% during 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 in the last quarter. UMB Bank n.a. grew its position in RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company's stock worth $28,000 after acquiring an additional 39 shares in the last quarter. GAMMA Investing LLC grew its position in RH by 533.3% in the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company's stock worth $30,000 after acquiring an additional 64 shares in the last quarter. Sunbelt Securities Inc. grew its position in RH by 690.0% in the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock worth $31,000 after acquiring an additional 69 shares in the last quarter. Finally, Rakuten Securities Inc. grew its position 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 acquiring an additional 72 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

RH Stock Up 3.5 %

The firm's 50-day moving average is $353.74 and its 200-day moving average is $351.58. The company has a market capitalization 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.

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.