RH (NYSE:RH) Rating Lowered to “Sell” at StockNews.com

StockNews.com cut shares of RH (NYSE:RH) from a hold rating to a sell rating in a research note published on Wednesday morning.

RH has been the subject of several other research reports. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $435.00 to $530.00 in a research note on Monday, January 13th. Guggenheim boosted their target price on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Loop Capital boosted their target price on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $383.00 to $515.00 in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $261.00 to $374.00 in a research note on Thursday, January 30th. Two 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $412.44.

RH Stock Performance

Shares of RH opened at $242.24 on Wednesday. The stock has a 50-day simple moving average of $353.74 and a 200-day simple moving average of $350.89. The stock has a market capitalization of $4.51 billion, a PE ratio of 69.61, a PEG ratio of 2.65 and a beta of 2.50. RH has a 1 year low of $212.04 and a 1 year high of $457.26.

Insider Activity

In other RH news, Director Keith Belling sold 500 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was 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 approximately $2,076,714.50. This trade represents a 9.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $426.41, for a total value of $10,660,250.00. 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 corporate insiders.

Hedge Funds Weigh In On RH

Hedge funds and other institutional investors have recently modified their holdings of the company. UMB Bank n.a. lifted its stake in shares of RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares in the last quarter. 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 in the last quarter. GAMMA Investing LLC lifted its stake in shares of RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after purchasing an additional 64 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in shares of 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 buying an additional 69 shares during the period. Finally, Rakuten Securities Inc. raised its holdings in shares of 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 buying an additional 72 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

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.