Wells Fargo & Company Raises RH (NYSE:RH) Price Target to $295.00

RH (NYSE:RH) had its price target lifted by equities researchers at Wells Fargo & Company from $275.00 to $295.00 in a note issued to investors on Monday, Marketbeat reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 26.55% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Wall Street Zen upgraded RH from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. Bank of America boosted their target price on RH from $144.00 to $172.00 and gave the company an “underperform” rating in a research note on Wednesday, May 14th. Robert W. Baird boosted their target price on RH from $215.00 to $230.00 and gave the company a “neutral” rating in a research note on Monday, June 16th. Zelman & Associates cut their target price on RH from $305.00 to $251.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 9th. Finally, Guggenheim restated a “buy” rating and issued a $300.00 target price on shares of RH in a research note on Wednesday, July 2nd. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, RH presently has an average rating of “Hold” and an average target price of $273.47.

RH Stock Performance

Shares of RH opened at $233.11 on Monday. The stock has a 50 day simple moving average of $217.24 and a 200 day simple moving average of $210.74. RH has a 52-week low of $123.03 and a 52-week high of $457.26. The firm has a market capitalization of $4.37 billion, a PE ratio of 55.50, a P/E/G ratio of 0.70 and a beta of 2.15.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.20. RH had a negative return on equity of 67.71% and a net margin of 2.57%.The business had revenue of $813.95 million during the quarter, compared to analyst estimates of $817.66 million. During the same period in the previous year, the firm earned ($0.40) EPS. RH’s quarterly revenue was up 12.0% compared to the same quarter last year. RH has set its Q2 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts predict that RH will post 4.39 EPS for the current fiscal year.

Institutional Investors Weigh In On RH

A number of institutional investors and hedge funds have recently made changes to their positions in RH. Cetera Investment Advisers raised its stake in shares of RH by 81.7% during the 4th quarter. Cetera Investment Advisers now owns 3,856 shares of the company’s stock worth $1,518,000 after purchasing an additional 1,734 shares in the last quarter. Deutsche Bank AG raised its stake in shares of RH by 607.9% during the 4th quarter. Deutsche Bank AG now owns 9,464 shares of the company’s stock worth $3,725,000 after purchasing an additional 8,127 shares in the last quarter. Gotham Asset Management LLC bought a new stake in shares of RH during the 4th quarter worth approximately $205,000. J. Goldman & Co LP bought a new stake in shares of RH during the 4th quarter worth approximately $785,000. Finally, Interval Partners LP bought a new stake in shares of RH during the 4th quarter worth approximately $5,904,000. 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.