Citigroup Cuts RH (NYSE:RH) Price Target to $437.00

RH (NYSE:RH) had its price objective dropped by equities research analysts at Citigroup from $556.00 to $437.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 69.39% from the stock’s previous close.

A number of other research firms have also recently commented on RH. Robert W. Baird boosted their price target on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Stifel Nicolaus upped 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. Wells Fargo & Company lowered 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, March 18th. Guggenheim lifted their price target on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Wedbush reiterated an “outperform” rating and set a $500.00 price objective on shares of RH in a research report on Tuesday, February 18th. Two 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $412.56.

RH Trading Up 6.5 %

Shares of RH traded up $15.81 during trading hours on Monday, reaching $257.99. 490,052 shares of the company’s stock traded hands, compared to its average volume of 726,750. RH has a 12 month low of $212.04 and a 12 month high of $457.26. The stock has a market cap of $4.80 billion, a PE ratio of 74.14, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. The firm’s 50 day simple moving average is $353.74 and its 200-day simple moving average is $352.33.

Insider Activity at RH

In other news, insider Eri Chaya sold 25,000 shares of RH stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total value of $11,261,250.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Keith Belling sold 500 shares of the company’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 transaction, the director now owns 4,970 shares of the company’s stock, valued at approximately $2,076,714.50. This represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,380 shares of company stock worth $28,922,379 in the last three months. 28.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Quest Partners LLC boosted its position in RH by 57.5% during the 3rd quarter. Quest Partners LLC now owns 898 shares of the company’s stock valued at $300,000 after acquiring an additional 328 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of RH in the 3rd quarter valued at approximately $201,000. Charles Schwab Investment Management Inc. boosted its position in shares of RH by 26.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after purchasing an additional 38,572 shares in the last quarter. Cerity Partners LLC grew its stake in RH by 139.7% in the third 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 period. Finally, Centaurus Financial Inc. purchased a new stake in RH in the third quarter worth $100,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

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.