UBS Group Lowers RH (NYSE:RH) Price Target to $340.00

RH (NYSE:RH) had its price target lowered by UBS Group from $350.00 to $340.00 in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 9.34% from the stock’s previous close.

A number of other research analysts also recently commented on the company. Wells Fargo & Company boosted their price target on RH from $300.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday. Wedbush boosted their price target on RH from $230.00 to $360.00 and gave the company a “neutral” rating in a research note on Thursday, August 24th. Telsey Advisory Group boosted their price target on RH from $225.00 to $365.00 and gave the company a “market perform” rating in a research note on Tuesday, August 1st. Citigroup boosted their price target on RH from $330.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, StockNews.com started coverage on RH in a research note on Thursday, August 17th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $327.38.

RH Stock Down 15.6 %

RH opened at $310.95 on Friday. RH has a fifty-two week low of $227.00 and a fifty-two week high of $406.38. The company has a debt-to-equity ratio of 3.70, a quick ratio of 2.01 and a current ratio of 2.91. The company has a market capitalization of $6.86 billion, a P/E ratio of 23.72, a P/E/G ratio of 3.10 and a beta of 2.18. The stock has a fifty day moving average of $367.30 and a 200-day moving average of $299.28.

Insider Activity at RH

In related news, Director Keith Belling sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $279.99, for a total value of $279,990.00. Following the sale, the director now directly owns 5,500 shares in the company, valued at $1,539,945. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Keith Belling sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $279.99, for a total value of $279,990.00. Following the sale, the director now directly owns 5,500 shares in the company, valued at $1,539,945. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward T. Lee sold 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $300.00, for a total value of $420,000.00. Following the completion of the sale, the insider now owns 2,624 shares in the company, valued at $787,200. The disclosure for this sale can be found here. Insiders have sold 4,400 shares of company stock worth $1,310,470 over the last ninety days. Insiders own 23.90% of the company’s stock.

Hedge Funds Weigh In On RH

Several institutional investors have recently added to or reduced their stakes in RH. Raymond James & Associates lifted its stake in RH by 81.7% in the first quarter. Raymond James & Associates now owns 11,395 shares of the company’s stock valued at $3,716,000 after buying an additional 5,124 shares during the period. US Bancorp DE lifted its stake in RH by 13.2% in the first quarter. US Bancorp DE now owns 650 shares of the company’s stock valued at $213,000 after buying an additional 76 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in RH by 2.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,609 shares of the company’s stock valued at $851,000 after buying an additional 56 shares during the period. D.A. Davidson & CO. acquired a new position in RH in the first quarter valued at approximately $236,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of RH by 10.8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,373 shares of the company’s stock worth $2,078,000 after purchasing an additional 622 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

About RH

RH, together with its subsidiaries, operates as a retailer in the home furnishings and operates under RH Galleries and RH brand names in the District of Columbia and Canada, as well as Waterworks showrooms throughout the United States and the United Kingdom. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings.