Citigroup Cuts RH (NYSE:RH) Price Target to $437.00

RH (NYSE:RH) had its target price reduced by Citigroup from $556.00 to $437.00 in a research report report published on Monday morning, Marketbeat reports. Citigroup currently has a buy rating on the stock.

Other analysts have also issued reports about the stock. Guggenheim raised 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. Telsey Advisory Group cut their price target on shares of RH from $500.00 to $420.00 and set an “outperform” rating on the stock in a report on Monday. The Goldman Sachs Group upgraded shares of RH from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $261.00 to $374.00 in a report on Thursday, January 30th. Wedbush reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of RH in a research report on Tuesday, February 18th. Finally, Loop Capital lifted their target price on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Two 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $403.25.

RH Stock Down 3.6 %

RH stock opened at $243.83 on Monday. The stock’s 50 day moving average is $343.58 and its 200 day moving average is $351.67. The company has a market capitalization of $4.54 billion, a P/E ratio of 70.06, a PEG ratio of 2.65 and a beta of 2.50. RH has a twelve month low of $212.04 and a twelve month high of $457.26.

Insider Buying and Selling

In related news, insider Eri Chaya sold 10,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $416.27, for a total value of $4,162,700.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Keith Belling sold 500 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $417.85, for a total value 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. This represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. Over 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 insiders.

Institutional Investors Weigh In On RH

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RH. FMR LLC lifted its holdings in RH by 0.7% during the fourth quarter. FMR LLC now owns 2,790,314 shares of the company’s stock valued at $1,098,240,000 after purchasing an additional 18,040 shares in the last quarter. Vanguard Group Inc. raised its position in shares of RH by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 1,402,010 shares of the company’s stock valued at $551,817,000 after purchasing an additional 18,389 shares during the period. Anomaly Capital Management LP raised its position in shares of RH by 9.6% during the 4th quarter. Anomaly Capital Management LP now owns 481,111 shares of the company’s stock valued at $189,360,000 after purchasing an additional 41,986 shares during the period. Alliancebernstein L.P. lifted its stake in shares of RH by 1,960.8% during the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock valued at $143,148,000 after buying an additional 346,050 shares in the last quarter. Finally, Senvest Management LLC boosted its holdings in RH by 35.6% in the 4th quarter. Senvest Management LLC now owns 315,368 shares of the company’s stock worth $124,126,000 after buying an additional 82,742 shares during the period. 90.17% of the stock is owned by hedge funds and other institutional investors.

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.