RH (NYSE:RH) Given New $500.00 Price Target at Wells Fargo & Company

RH (NYSE:RH) had its target price lifted by research analysts at Wells Fargo & Company from $425.00 to $500.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 14.76% from the company’s previous close.

A number of other research firms have also recently issued reports on RH. Morgan Stanley raised their price objective on RH from $310.00 to $435.00 and gave the company an “equal weight” rating in a research report on Friday. BNP Paribas reiterated an “underperform” rating and issued a $253.00 price objective on shares of RH in a report on Wednesday, November 13th. StockNews.com upgraded shares of RH to a “sell” rating in a research note on Thursday, September 19th. Wedbush upgraded shares of RH from a “neutral” rating to an “outperform” rating and upped their price target for the company from $310.00 to $430.00 in a research note on Monday, October 21st. Finally, Stifel Nicolaus restated a “buy” rating and set a $420.00 price objective (up from $375.00) on shares of RH in a research report on Monday. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $372.40.

RH Price Performance

Shares of RH traded up $54.33 during mid-day trading on Friday, hitting $435.71. 2,339,336 shares of the company’s stock were exchanged, compared to its average volume of 720,617. RH has a 52 week low of $212.43 and a 52 week high of $457.26. The company has a market cap of $8.04 billion, a PE ratio of 256.04, a P/E/G ratio of 2.44 and a beta of 2.44. The company has a 50-day simple moving average of $345.55 and a 200 day simple moving average of $296.23.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. During the same quarter in the previous year, the business earned ($0.42) EPS. RH’s revenue was up 8.1% on a year-over-year basis. On average, analysts anticipate that RH will post 5.63 earnings per share for the current year.

Insider Activity at RH

In other news, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the transaction, the insider now owns 78 shares of the company’s stock, valued at approximately $27,016.86. This trade represents a 98.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,285 shares of company stock valued at $2,871,935 in the last 90 days. 28.10% of the stock is owned by corporate insiders.

Institutional Trading of RH

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