Guggenheim Has Lowered Expectations for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its price objective trimmed by Guggenheim from $550.00 to $500.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

RH has been the subject of several other reports. Barclays raised RH from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $383.00 to $515.00 in a research report on Wednesday, January 8th. Citigroup lowered their price target on RH from $556.00 to $437.00 and set a “buy” rating for the company in a report on Monday, March 24th. The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $261.00 to $374.00 in a report on Thursday, January 30th. Telsey Advisory Group lowered their target price on shares of RH from $500.00 to $420.00 and set an “outperform” rating for the company in a report on Monday, March 24th. Finally, Stifel Nicolaus increased their target price on shares of RH from $420.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, RH currently has a consensus rating of “Moderate Buy” and a consensus price target of $403.25.

RH Stock Down 2.9 %

Shares of RH stock opened at $236.26 on Wednesday. The company has a 50 day moving average of $335.63 and a 200 day moving average of $350.88. The company has a market capitalization 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. RH has a 52-week low of $212.04 and a 52-week high of $457.26.

Insider Buying and Selling

In other news, CAO Christina Hargarten sold 5,280 shares of the firm’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 value of $2,361,216.00. Following the completion of the sale, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at $216,444.80. This trade represents a 91.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Belling sold 500 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $417.85, for a total value of $208,925.00. Following the transaction, the director now directly owns 4,970 shares in the company, valued at $2,076,714.50. This represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,380 shares of company stock valued at $28,922,379 over the last three months. 28.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RH

A number of institutional investors and hedge funds have recently made changes to their positions in RH. Virtu Financial LLC purchased a new position in RH in the 3rd quarter valued at approximately $4,268,000. Invst LLC acquired a new stake in RH in the third quarter valued at $752,000. Cerity Partners LLC increased its position in shares of RH by 139.7% in the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after buying an additional 1,506 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of RH by 0.9% during the 4th quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock worth $19,949,000 after buying an additional 445 shares during the last quarter. Finally, L.M. Kohn & Company purchased a new stake in shares of RH in the 4th quarter worth about $289,000. 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.