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

RH (NYSE:RH) had its price target dropped by research analysts at Citigroup from $556.00 to $437.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 69.39% from the stock’s current price.

Several other brokerages have also recently weighed in on RH. Robert W. Baird raised their price objective on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Guggenheim raised their price target on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, December 13th. StockNews.com downgraded shares of RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $383.00 to $515.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company cut their target price on RH from $500.00 to $375.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $412.56.

RH Price Performance

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

Insider Transactions at RH

In related news, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Keith Belling sold 500 shares of RH stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $417.85, for a total transaction of $208,925.00. Following the completion of the transaction, the director now owns 4,970 shares of the company’s stock, valued at $2,076,714.50. This represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,380 shares of company stock worth $28,922,379. 28.10% of the stock is owned by company insiders.

Institutional Trading of RH

A number of institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its holdings in RH by 7,000.0% during the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after buying an additional 70 shares in the last quarter. UMB Bank n.a. grew its stake in RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after acquiring an additional 39 shares in the last quarter. GAMMA Investing LLC increased its holdings in RH by 533.3% during the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after acquiring an additional 64 shares during the period. Sunbelt Securities Inc. increased its holdings in RH by 690.0% during the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock worth $31,000 after acquiring an additional 69 shares during the period. Finally, Rakuten Securities Inc. lifted its stake in RH by 180.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock worth $44,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

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.