RH (NYSE:RH) Price Target Cut to $420.00 by Analysts at Telsey Advisory Group

RH (NYSE:RH) had its price objective decreased by Telsey Advisory Group from $500.00 to $420.00 in a report issued on Monday morning, MarketBeat reports. Telsey Advisory Group currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus raised their target price on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. 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. Wedbush restated an “outperform” rating and set a $500.00 price target on shares of RH in a research note on Tuesday, February 18th. Robert W. Baird lifted their price objective on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and increased their target price for the stock from $261.00 to $374.00 in a research report 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 stock. According to data from MarketBeat, RH currently has a consensus rating of “Moderate Buy” and a consensus target price of $412.56.

RH Trading Up 6.7 %

RH opened at $258.52 on Monday. RH has a 12-month low of $212.04 and a 12-month high of $457.26. The stock has a market capitalization of $4.81 billion, a P/E ratio of 74.29, a PEG ratio of 2.65 and a beta of 2.50. The stock has a 50-day moving average price of $350.53 and a 200-day moving average price of $352.39.

Insider Buying and Selling at RH

In other news, insider Eri Chaya sold 10,000 shares of RH stock in a transaction on Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of the firm’s stock in a transaction on 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 transaction, the chief accounting officer now owns 484 shares of the company’s stock, valued at $216,444.80. This trade represents a 91.60 % decrease in their position. 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 three months. Corporate insiders own 28.10% of the company’s stock.

Institutional Trading of RH

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