RH (NYSE:RH) Trading Down 4.5% – Here’s Why

RH (NYSE:RH)’s share price dropped 4.5% during trading on Monday . The stock traded as low as $216.32 and last traded at $214.98. Approximately 260,240 shares were traded during trading, a decline of 66% from the average daily volume of 755,216 shares. The stock had previously closed at $225.06.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RH shares. The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $261.00 to $374.00 in a report on Thursday, January 30th. Guggenheim lifted their price objective on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $383.00 to $515.00 in a report on Wednesday, January 8th. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $435.00 to $530.00 in a report on Monday, January 13th. Finally, Wells Fargo & Company lowered their price target on RH from $500.00 to $375.00 and set an “overweight” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $423.27.

RH Trading Down 1.8 %

The company has a market cap of $4.12 billion, a price-to-earnings ratio of 63.59, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. The stock has a 50-day simple moving average of $364.18 and a 200-day simple moving average of $352.64.

Insider Activity

In other news, Director Keith Belling sold 500 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the sale, the director now directly owns 4,970 shares of the company’s stock, valued at $2,076,714.50. The trade was a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Edward T. Lee sold 600 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. Insiders sold a total of 66,380 shares of company stock worth $28,922,379 over the last 90 days. 28.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. UMB Bank n.a. boosted its stake 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 acquiring an additional 39 shares in the last quarter. Versant Capital Management Inc boosted its stake 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 worth $28,000 after acquiring an additional 70 shares in the last quarter. 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 acquiring an additional 64 shares in the last quarter. Sunbelt Securities Inc. boosted its stake 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 period. Finally, Rakuten Securities Inc. boosted its stake in RH by 180.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after purchasing an additional 72 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

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.