RH (NYSE:RH) Price Target Raised to $500.00 at Wells Fargo & Company

RH (NYSE:RH) had its price objective hoisted by Wells Fargo & Company from $425.00 to $500.00 in a research report released on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Other research analysts have also issued research reports about the company. Bank of America boosted their price target on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Barclays reduced their target price on RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. BNP Paribas restated an “underperform” rating and issued a $253.00 price target on shares of RH in a research note on Wednesday, November 13th. Loop Capital raised their price target on RH from $230.00 to $320.00 and gave the company a “hold” rating in a report on Monday, September 16th. Finally, Telsey Advisory Group upped their target price on RH from $290.00 to $330.00 and gave the company a “market perform” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $377.07.

RH Stock Up 16.9 %

NYSE:RH opened at $445.92 on Friday. RH has a twelve month low of $212.43 and a twelve month high of $457.26. The company has a market cap of $8.22 billion, a P/E ratio of 262.31, a price-to-earnings-growth ratio of 2.44 and a beta of 2.44. The business has a 50 day moving average price of $345.55 and a two-hundred day moving average price of $296.23.

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

Insider Activity at RH

In other RH news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the completion of the transaction, the director now directly owns 10,914 shares in the company, valued at approximately $3,714,034.20. This trade represents a 15.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stefan Duban sold 4,285 shares of RH stock in a transaction dated 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 sale, the insider now directly owns 78 shares in the company, valued at $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 have sold 8,285 shares of company stock valued at $2,871,935 over the last ninety days. 28.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RH. Blue Trust Inc. lifted its holdings in RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after buying an additional 74 shares during the period. Ridgewood Investments LLC bought a new position in shares of RH during the second quarter worth about $62,000. Centaurus Financial Inc. acquired a new position in shares of RH in the third quarter worth approximately $100,000. Ameliora Wealth Management Ltd. acquired a new stake in RH during the 3rd quarter valued at approximately $110,000. Finally, Quarry LP acquired a new position in shares of RH in the 3rd quarter worth approximately $141,000. Institutional investors own 90.17% of the company’s stock.

About RH

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.