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

RH (NYSE:RH) had its price target lifted by analysts at Wells Fargo & Company from $425.00 to $500.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 12.10% from the stock’s current price.

A number of other research analysts have also commented on RH. Guggenheim upped their price target on RH from $425.00 to $550.00 and gave the company a “buy” rating in a research report on Friday. Citigroup upped their target price on RH from $340.00 to $355.00 and gave the company a “buy” rating in a report on Friday, September 13th. Telsey Advisory Group lifted their price target on shares of RH from $290.00 to $330.00 and gave the company a “market perform” rating in a report on Monday, December 9th. StockNews.com raised shares of RH to a “sell” rating in a research report on Thursday, September 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $420.00 target price (up from $375.00) on shares of RH in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $377.07.

RH Stock Up 17.0 %

Shares of NYSE RH opened at $446.04 on Friday. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 262.38, a PEG ratio of 2.44 and a beta of 2.44. The firm’s fifty day moving average is $347.81 and its 200 day moving average is $297.56. RH has a 52 week low of $212.43 and a 52 week high of $457.26.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) 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 analysts’ expectations of $812.19 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. RH’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.42) EPS. Equities research analysts anticipate that RH will post 5.63 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the transaction, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 15.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stefan Duban sold 4,285 shares of RH stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the completion of the transaction, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. This represents a 98.21 % decrease in their position. 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 quarter. Corporate insiders own 28.10% of the company’s stock.

Institutional Trading of RH

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