RH (NYSE:RH) Given New $325.00 Price Target at Wells Fargo & Company

RH (NYSE:RH) had its target price cut by Wells Fargo & Company from $350.00 to $325.00 in a research note published on Friday, Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts also recently issued reports on RH. BNP Paribas raised RH to a hold rating in a research report on Friday, June 14th. TD Cowen cut their price objective on RH from $350.00 to $325.00 and set a buy rating on the stock in a report on Friday, June 14th. Robert W. Baird decreased their target price on RH from $300.00 to $275.00 and set a neutral rating for the company in a report on Friday, June 14th. Stifel Nicolaus assumed coverage on RH in a research report on Tuesday, July 9th. They issued a buy rating and a $315.00 target price on the stock. Finally, StockNews.com raised shares of RH to a sell rating in a research report on Friday, June 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $307.93.

RH Trading Down 0.7 %

NYSE RH opened at $248.04 on Friday. The firm’s fifty day simple moving average is $261.51 and its two-hundred day simple moving average is $266.17. The firm has a market capitalization of $4.58 billion, a P/E ratio of 68.71, a P/E/G ratio of 1.00 and a beta of 2.42. RH has a 12-month low of $207.26 and a 12-month high of $372.40.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, June 13th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.32). The business had revenue of $726.96 million during the quarter, compared to analyst estimates of $725.15 million. RH had a negative return on equity of 29.15% and a net margin of 2.72%. RH’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.21 EPS. As a group, sell-side analysts predict that RH will post 7.69 earnings per share for the current fiscal year.

Insider Buying and Selling at RH

In other news, CEO Gary G. Friedman acquired 34,200 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was bought at an average cost of $215.00 per share, for a total transaction of $7,353,000.00. Following the purchase, the chief executive officer now owns 3,339,263 shares in the company, valued at $717,941,545. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Anomaly Capital Management LP increased its position in RH by 503.6% during the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock worth $85,365,000 after purchasing an additional 291,368 shares during the last quarter. Norges Bank purchased a new position in RH during the fourth quarter worth about $38,736,000. Granahan Investment Management LLC acquired a new stake in shares of RH during the fourth quarter valued at about $24,915,000. Marshall Wace LLP raised its stake in shares of RH by 58.6% in the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock valued at $42,612,000 after acquiring an additional 64,423 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of RH by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock valued at $231,728,000 after acquiring an additional 62,198 shares during the period. Institutional investors and hedge funds 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.