Wells Fargo & Company Boosts RH (NYSE:RH) Price Target to $360.00

RH (NYSE:RH - Get Free Report) had its price objective upped by research analysts at Wells Fargo & Company from $350.00 to $360.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Wells Fargo & Company's target price would suggest a potential upside of 3.45% from the stock's current price.

RH has been the subject of a number of other research reports. Wedbush raised their price target on shares of RH from $275.00 to $320.00 and gave the stock a "neutral" rating in a research report on Thursday. Bank of America lowered their price target on shares of RH from $345.00 to $309.00 and set a "buy" rating for the company in a research report on Friday, December 8th. TD Cowen lowered their price target on shares of RH from $350.00 to $325.00 and set an "outperform" rating for the company in a research report on Friday, December 8th. Barclays upped their price objective on shares of RH from $256.00 to $293.00 and gave the stock an "equal weight" rating in a report on Friday, December 8th. Finally, Robert W. Baird upped their price target on shares of RH from $280.00 to $300.00 and gave the company a "neutral" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $322.07.

RH Stock Up 17.2 %

Shares of RH traded up $51.00 during mid-day trading on Thursday, hitting $347.99. The company had a trading volume of 4,868,122 shares, compared to its average volume of 616,431. The business's 50-day simple moving average is $271.63 and its 200-day simple moving average is $268.34. RH has a 1-year low of $207.26 and a 1-year high of $406.38. The stock has a market cap of $6.40 billion, a PE ratio of 37.61, a P/E/G ratio of 2.85 and a beta of 2.43.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.99). The business had revenue of $738.26 million during the quarter, compared to analysts' expectations of $777.50 million. RH had a net margin of 7.28% and a return on equity of 81.84%. The company's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.88 EPS. On average, sell-side analysts expect that RH will post 7.83 earnings per share for the current year.

Insider Activity

In other RH news, insider Edward T. Lee sold 2,624 shares of the firm's stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $264.50, for a total transaction of $694,048.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 23.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On RH

Institutional investors have recently bought and sold shares of the company. Klein Pavlis & Peasley Financial Inc. acquired a new position in shares of RH during the 4th quarter worth approximately $1,246,000. Moody National Bank Trust Division acquired a new position in shares of RH during the 4th quarter worth approximately $1,043,000. Neo Ivy Capital Management acquired a new position in shares of RH during the 3rd quarter worth approximately $480,000. Suvretta Capital Management LLC acquired a new position in shares of RH during the 2nd quarter worth approximately $27,418,000. Finally, Hsbc Holdings PLC acquired a new position in shares of RH during the 3rd quarter worth approximately $10,112,000. Institutional investors own 90.17% of the company's stock.

RH Company Profile

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.