RH (NYSE:RH) Price Target Lowered to $250.00 at Wells Fargo & Company

RH (NYSE:RH) had its price target trimmed by Wells Fargo & Company from $300.00 to $250.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other brokerages have also recently issued reports on RH. Wedbush lowered their price objective on shares of RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 26th. Citigroup restated a “neutral” rating and issued a $200.00 price target (down previously from $437.00) on shares of RH in a research report on Thursday, April 3rd. Loop Capital dropped their price target on RH from $450.00 to $190.00 and set a “hold” rating on the stock in a report on Friday, April 4th. Stifel Nicolaus reduced their price objective on RH from $450.00 to $390.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Finally, Robert W. Baird decreased their target price on RH from $400.00 to $215.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $270.00.

RH Price Performance

Shares of NYSE:RH opened at $184.85 on Monday. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 53.12, a PEG ratio of 2.65 and a beta of 2.19. RH has a 12 month low of $123.03 and a 12 month high of $457.26. The stock’s 50 day moving average price is $181.82 and its 200 day moving average price is $298.18.

RH (NYSE:RH) last issued its quarterly 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 net margin of 2.25% and a negative return on equity of 35.72%. The firm had revenue of $812.41 million for the quarter, compared to analyst estimates of $828.21 million. During the same quarter last year, the business posted $0.72 earnings per share. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, sell-side analysts expect that RH will post 4.39 EPS for the current year.

Hedge Funds Weigh In On RH

Several institutional investors and hedge funds have recently modified their holdings of RH. FMR LLC lifted its holdings in shares of RH by 0.7% during the 4th quarter. FMR LLC now owns 2,790,314 shares of the company’s stock valued at $1,098,240,000 after buying an additional 18,040 shares during the last quarter. Vanguard Group Inc. lifted its stake in RH by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,409,962 shares of the company’s stock valued at $330,509,000 after acquiring an additional 7,952 shares during the last quarter. Anomaly Capital Management LP grew its position in RH by 9.6% in the fourth quarter. Anomaly Capital Management LP now owns 481,111 shares of the company’s stock worth $189,360,000 after acquiring an additional 41,986 shares in the last quarter. Atreides Management LP grew its position in RH by 69.1% in the first quarter. Atreides Management LP now owns 473,321 shares of the company’s stock worth $110,951,000 after acquiring an additional 193,404 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of RH by 1,960.8% during the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock worth $143,148,000 after purchasing an additional 346,050 shares during the last quarter. 90.17% of the stock is currently owned by hedge funds and other 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.