RH (NYSE:RH) Given New $375.00 Price Target at Wells Fargo & Company

RH (NYSE:RH) had its price objective lowered by Wells Fargo & Company from $500.00 to $375.00 in a research report released on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other equities analysts also recently weighed in on the stock. Stifel Nicolaus raised 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. Robert W. Baird raised their price target on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Telsey Advisory Group raised shares of RH from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $485.00 to $500.00 in a research note on Thursday, December 19th. Morgan Stanley raised shares of RH from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $435.00 to $530.00 in a research note on Monday, January 13th. Finally, Loop Capital raised their price objective on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $423.27.

RH Stock Down 1.8 %

RH opened at $221.30 on Tuesday. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 63.59, a PEG ratio of 2.65 and a beta of 2.50. RH has a 52-week low of $212.04 and a 52-week high of $457.26. The firm’s fifty day simple moving average is $364.18 and its two-hundred day simple moving average is $352.64.

Insider Activity

In related news, Director Keith Belling sold 500 shares of RH stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $417.85, for a total value of $208,925.00. Following the completion of the transaction, the director now owns 4,970 shares in the company, valued at $2,076,714.50. The trade was a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eri Chaya sold 10,000 shares of RH stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $416.27, for a total transaction of $4,162,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,380 shares of company stock valued at $28,922,379. 28.10% of the stock is currently owned by company insiders.

Institutional Trading of RH

Institutional investors have recently modified their holdings of the stock. UMB Bank n.a. lifted its position in shares of 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 buying an additional 39 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of RH by 7,000.0% during the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after buying an additional 70 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of RH by 533.3% during the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after buying an additional 64 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of RH by 690.0% during the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock worth $31,000 after buying an additional 69 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its position in shares of RH by 180.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock worth $44,000 after buying an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

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.