RH (NYSE:RH) Downgraded by StockNews.com to Sell

RH (NYSE:RH) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

A number of other brokerages have also recently commented on RH. Wells Fargo & Company dropped their price target on RH from $500.00 to $375.00 and set an “overweight” rating on the stock in a research report on Tuesday. Barclays raised RH from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $383.00 to $515.00 in a report on Wednesday, January 8th. Loop Capital increased their price target on RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Wedbush restated an “outperform” rating and issued a $500.00 price objective on shares of RH in a research note on Tuesday, February 18th. Finally, Robert W. Baird upped their price objective on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $423.27.

RH Stock Performance

RH stock opened at $221.30 on Wednesday. RH has a fifty-two week low of $212.04 and a fifty-two week high of $457.26. The business’s 50 day moving average price is $364.18 and its two-hundred day moving average price is $352.64. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 63.59, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50.

Insider Transactions at RH

In other RH news, CAO Christina Hargarten sold 5,280 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the completion of the transaction, the chief accounting officer now owns 484 shares in the company, valued at $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Eri Chaya sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $416.27, for a total value of $4,162,700.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,380 shares of company stock valued at $28,922,379. 28.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Versant Capital Management Inc boosted its holdings in shares of RH by 7,000.0% in the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after purchasing an additional 70 shares during the period. UMB Bank n.a. boosted its holdings in shares of RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares during the period. GAMMA Investing LLC boosted its holdings in shares of RH by 533.3% in the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after purchasing an additional 64 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of RH by 690.0% in the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock valued at $31,000 after purchasing an additional 69 shares during the period. Finally, Rakuten Securities Inc. boosted its holdings in shares of RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after purchasing an additional 72 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

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.