Bank of America Cuts RH (NYSE:RH) Price Target to $410.00

RH (NYSE:RH) had its target price lowered by Bank of America from $510.00 to $410.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Bank of America currently has a buy rating on the stock.

RH has been the subject of several other research reports. StockNews.com cut RH from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. UBS Group decreased their target price on shares of RH from $440.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Loop Capital boosted their price objective on RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Telsey Advisory Group reduced their price target on shares of RH from $500.00 to $420.00 and set an “outperform” rating on the stock in a research report on Monday, March 24th. Finally, The Goldman Sachs Group upgraded shares of RH from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $261.00 to $374.00 in a research note on Thursday, January 30th. Two equities research 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, RH currently has a consensus rating of “Moderate Buy” and a consensus target price of $403.25.

RH Trading Down 2.9 %

RH stock opened at $236.26 on Wednesday. The business’s 50-day moving average is $335.63 and its 200 day moving average is $350.88. RH has a 12-month low of $212.04 and a 12-month high of $457.26. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 67.89, a PEG ratio of 2.65 and a beta of 2.50.

Insider Transactions at RH

In other news, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were 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 accessible through the SEC website. Also, insider Edward T. Lee sold 600 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $446.73, for a total transaction of $268,038.00. 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. Corporate insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

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

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.