Wells Fargo & Company Issues Pessimistic Forecast for RH (NYSE:RH) Stock Price

RH (NYSE:RH - Get Free Report) had its target price reduced by equities research analysts at Wells Fargo & Company from $300.00 to $250.00 in a report released on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price target would suggest a potential upside of 34.76% from the stock's current price.

Several other analysts have also recently weighed in on RH. Loop Capital dropped their price target on shares of RH from $450.00 to $190.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Stifel Nicolaus lowered their target price on shares of RH from $450.00 to $390.00 and set a "buy" rating for the company in a report on Monday, April 7th. The Goldman Sachs Group dropped their target price on shares of RH from $276.00 to $194.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Wall Street Zen upgraded RH from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, UBS Group lowered their target price on RH from $235.00 to $215.00 and set a "neutral" rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $270.00.

RH Trading Up 1.1%

Shares of NYSE RH traded up $2.05 during midday trading on Monday, hitting $185.52. 877,144 shares of the company's stock were exchanged, compared to its average volume of 998,343. The business's fifty day moving average price is $183.11 and its two-hundred day moving average price is $299.46. RH has a 12-month low of $123.03 and a 12-month high of $457.26. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 53.31, a PEG ratio of 2.65 and a beta of 2.19.

RH (NYSE:RH - Get Free Report) last announced its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.33). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm had revenue of $812.41 million during the quarter, compared to analysts' expectations of $828.21 million. During the same period in the previous year, the business posted $0.72 earnings per share. The company's revenue for the quarter was up 10.0% on a year-over-year basis. Equities analysts expect that RH will post 4.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. AlphaQuest LLC acquired a new position in RH in the 1st quarter worth about $29,000. Sunbelt Securities Inc. boosted its holdings in RH by 690.0% in the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock valued at $31,000 after acquiring an additional 69 shares in the last quarter. Rakuten Securities Inc. grew its position in RH by 180.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock valued at $44,000 after purchasing an additional 72 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of RH by 146.1% in the 1st quarter. GAMMA Investing LLC now owns 187 shares of the company's stock worth $44,000 after purchasing an additional 111 shares during the period. Finally, NBC Securities Inc. bought a new stake in RH during the 1st quarter valued at approximately $45,000. 90.17% of the stock is currently owned by institutional investors.

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.

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