Wells Fargo & Company Lowers RH (NYSE:RH) Price Target to $375.00

RH (NYSE:RH) had its price objective reduced by Wells Fargo & Company from $500.00 to $375.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also recently issued reports about the stock. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $383.00 to $515.00 in a research note on Wednesday, January 8th. Wedbush reissued an “outperform” rating and issued a $500.00 price objective on shares of RH in a research note on Tuesday, February 18th. The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $261.00 to $374.00 in a research note on Thursday, January 30th. Stifel Nicolaus upped their price target on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, StockNews.com raised shares of RH from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, RH has a consensus rating of “Moderate Buy” and a consensus target price of $423.27.

RH Stock Performance

Shares of RH opened at $221.30 on Tuesday. The stock has a market capitalization of $4.12 billion, a P/E ratio of 63.59, a P/E/G ratio of 2.65 and a beta of 2.50. The company’s fifty day moving average is $364.18 and its two-hundred day moving average is $352.64. RH has a 1 year low of $212.04 and a 1 year high of $457.26.

Insider Buying and Selling

In other RH news, Director Keith Belling sold 500 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $417.85, for a total value of $208,925.00. Following the transaction, the director now directly owns 4,970 shares in the company, valued at approximately $2,076,714.50. This represents a 9.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $426.41, for a total transaction of $10,660,250.00. The disclosure for this sale can be found here. Insiders have sold 66,380 shares of company stock worth $28,922,379 in the last three months. Corporate insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RH. PNC Financial Services Group Inc. increased its position in RH by 0.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company’s stock worth $1,524,000 after purchasing an additional 29 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in RH by 6.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company’s stock worth $216,000 after purchasing an additional 31 shares in the last quarter. Insight Advisors LLC PA increased its position in RH by 2.3% during the 4th quarter. Insight Advisors LLC PA now owns 1,449 shares of the company’s stock worth $571,000 after purchasing an additional 33 shares in the last quarter. US Bancorp DE increased its position in RH by 14.6% during the 4th quarter. US Bancorp DE now owns 283 shares of the company’s stock worth $111,000 after purchasing an additional 36 shares in the last quarter. Finally, UMB Bank n.a. increased its position in RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other 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.