UBS Group Issues Pessimistic Forecast for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its price target lowered by UBS Group from $440.00 to $250.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 3.21% from the company’s previous close.

Several other research firms also recently commented on RH. Robert W. Baird upped their price target on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $435.00 to $530.00 in a research note on Monday, January 13th. The Goldman Sachs Group upgraded shares of RH from a “sell” rating to a “neutral” rating and upped their price target for the company from $261.00 to $374.00 in a research note on Thursday, January 30th. Wedbush restated an “outperform” rating and issued a $500.00 price target on shares of RH in a research note on Tuesday, February 18th. Finally, Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $383.00 to $515.00 in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $412.44.

RH Stock Performance

RH stock opened at $242.24 on Friday. The company’s 50-day simple moving average is $353.74 and its 200 day simple moving average is $351.58. RH has a 52 week low of $212.04 and a 52 week high of $457.26. 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.

Insider Activity

In related news, Director Keith Belling sold 500 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $417.85, for a total value of $208,925.00. Following the completion of the transaction, the director now owns 4,970 shares in the company, valued at $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 available through this hyperlink. Also, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $426.41, for a total transaction of $10,660,250.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,380 shares of company stock worth $28,922,379. Corporate insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RH. GSA Capital Partners LLP bought a new position in RH in the 3rd quarter valued at approximately $311,000. Quest Partners LLC raised its holdings in RH by 57.5% during the 3rd quarter. Quest Partners LLC now owns 898 shares of the company’s stock worth $300,000 after purchasing an additional 328 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in RH during the 3rd quarter worth approximately $201,000. Charles Schwab Investment Management Inc. raised its holdings in RH by 26.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock worth $61,814,000 after purchasing an additional 38,572 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in RH by 139.7% during the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock worth $864,000 after purchasing an additional 1,506 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

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.