Guggenheim Cuts RH (NYSE:RH) Price Target to $500.00

RH (NYSE:RH) had its price target lowered by Guggenheim from $550.00 to $500.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

RH has been the subject of several other research reports. Telsey Advisory Group lowered their price target on RH from $500.00 to $420.00 and set an “outperform” rating for the company in a research report on Monday, March 24th. Loop Capital raised their price objective on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. StockNews.com lowered RH from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. The Goldman Sachs Group raised RH from a “sell” rating to a “neutral” rating and increased their price target for the company from $261.00 to $374.00 in a research note on Thursday, January 30th. Finally, Citigroup reduced their price objective on RH from $556.00 to $437.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $403.25.

RH Price Performance

NYSE RH opened at $236.26 on Wednesday. The stock has a market capitalization of $4.40 billion, a PE ratio of 67.89, a PEG ratio of 2.65 and a beta of 2.50. RH has a 1 year low of $212.04 and a 1 year high of $457.26. The business’s 50-day moving average is $335.63 and its 200 day moving average is $350.88.

Insiders Place Their Bets

In other news, CAO Christina Hargarten sold 5,280 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the sale, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at $216,444.80. This represents a 91.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Edward T. Lee sold 600 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,380 shares of company stock valued at $28,922,379. Insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

Large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in RH by 14.0% during the 4th quarter. Wellington Management Group LLP now owns 44,880 shares of the company’s stock worth $17,664,000 after buying an additional 5,506 shares in the last quarter. 111 Capital acquired a new position in shares of RH during the 4th quarter valued at about $211,000. PKO Investment Management Joint Stock Co purchased a new stake in shares of RH in the 4th quarter valued at approximately $590,000. Copia Wealth Management purchased a new position in RH in the fourth quarter worth approximately $106,000. Finally, Polar Asset Management Partners Inc. grew its holdings in shares of RH by 321.4% during the 4th quarter. Polar Asset Management Partners Inc. now owns 17,700 shares of the company’s stock worth $6,967,000 after purchasing an additional 13,500 shares during the period. 90.17% of the stock is currently 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.