RH (NYSE:RH) Price Target Lowered to $450.00 at Stifel Nicolaus

RH (NYSE:RH) had its price objective decreased by equities researchers at Stifel Nicolaus from $500.00 to $450.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 90.47% from the stock’s previous close.

RH has been the subject of a number of other reports. Loop Capital lifted their price objective on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Wedbush cut their price target on RH from $500.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, March 26th. Bank of America lowered their price objective on RH from $510.00 to $410.00 and set a “buy” rating for the company in a research note on Wednesday, March 26th. Citigroup dropped their target price on RH from $556.00 to $437.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Finally, StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, RH has an average rating of “Moderate Buy” and a consensus target price of $400.13.

RH Stock Down 2.9 %

Shares of RH opened at $236.26 on Monday. The business’s fifty day moving average is $335.63 and its 200 day moving average is $352.36. RH has a 12-month low of $212.04 and a 12-month high of $457.26. The stock has a market cap of $4.40 billion, a P/E ratio of 67.89, a P/E/G ratio of 2.65 and a beta of 2.50.

Insider Transactions at RH

In related news, CAO Christina Hargarten sold 5,280 shares of RH 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 completion of the sale, the chief accounting officer now owns 484 shares of the company’s stock, valued at approximately $216,444.80. This trade represents a 91.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Edward T. Lee sold 600 shares of the business’s stock in a transaction dated 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 in the last quarter. Insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP raised its holdings in RH by 14.0% during the 4th quarter. Wellington Management Group LLP now owns 44,880 shares of the company’s stock valued at $17,664,000 after acquiring an additional 5,506 shares during the period. 111 Capital bought a new stake in shares of RH during the 4th quarter valued at $211,000. PKO Investment Management Joint Stock Co bought a new stake in shares of RH during the 4th quarter valued at $590,000. Copia Wealth Management bought a new position in RH in the 4th quarter worth about $106,000. Finally, Polar Asset Management Partners Inc. boosted its stake in RH by 321.4% in the 4th quarter. Polar Asset Management Partners Inc. now owns 17,700 shares of the company’s stock worth $6,967,000 after purchasing an additional 13,500 shares during the period. 90.17% of the stock is owned by 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.