RH (NYSE:RH) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

RH (NYSE:RH) had its price target lifted by research analysts at Wells Fargo & Company from $425.00 to $500.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 12.10% from the company’s previous close.

Other analysts have also issued reports about the stock. Citigroup boosted their target price on shares of RH from $340.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Robert W. Baird boosted their price objective on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday. Telsey Advisory Group raised their target price on RH from $290.00 to $330.00 and gave the stock a “market perform” rating in a report on Monday, December 9th. TD Cowen boosted their price target on RH from $325.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 13th. Finally, StockNews.com raised RH to a “sell” rating in a research note on Thursday, September 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, RH currently has a consensus rating of “Hold” and an average target price of $377.07.

RH Trading Up 17.0 %

Shares of RH opened at $446.04 on Friday. The firm has a market cap of $8.23 billion, a PE ratio of 262.38, a P/E/G ratio of 2.44 and a beta of 2.44. RH has a 1-year low of $212.43 and a 1-year high of $457.26. The firm has a fifty day simple moving average of $347.81 and a two-hundred day simple moving average of $297.56.

RH (NYSE:RH) last posted its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The firm had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.42) EPS. As a group, research analysts forecast that RH will post 5.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Stefan Duban sold 4,285 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the transaction, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. The trade was a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,285 shares of company stock worth $2,871,935 in the last three months. 28.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. grew its position in RH by 308.3% in the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after acquiring an additional 74 shares in the last quarter. Ridgewood Investments LLC bought a new stake in shares of RH in the 2nd quarter valued at approximately $62,000. Centaurus Financial Inc. purchased a new position in shares of RH in the 3rd quarter worth approximately $100,000. Ameliora Wealth Management Ltd. bought a new position in shares of RH during the 3rd quarter valued at approximately $110,000. Finally, Quarry LP purchased a new stake in RH during the 3rd quarter valued at $141,000. 90.17% of the stock is owned by hedge funds and other 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.