Wells Fargo & Company Lowers RH (NYSE:RH) Price Target to $300.00

RH (NYSE:RH) had its price objective cut by research analysts at Wells Fargo & Company from $375.00 to $300.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 106.37% from the stock’s current price.

A number of other analysts also recently commented on RH. Wedbush dropped their price objective on RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 26th. UBS Group dropped their price target on shares of RH from $440.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Robert W. Baird lowered their price objective on shares of RH from $400.00 to $215.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and increased their target price for the company from $261.00 to $374.00 in a research note on Thursday, January 30th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, RH currently has a consensus rating of “Hold” and an average price target of $293.81.

RH Stock Performance

Shares of RH opened at $145.37 on Thursday. The stock’s fifty day moving average is $312.06 and its 200-day moving average is $348.23. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 41.77, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44. RH has a one year low of $123.03 and a one year high of $457.26.

RH (NYSE:RH) last posted its quarterly earnings data 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 company had revenue of $812.41 million during the quarter, compared to the consensus estimate of $828.21 million. During the same quarter last year, the business earned $0.72 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. Analysts forecast that RH will post 4.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Christina Hargarten sold 5,280 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the sale, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at $216,444.80. This represents a 91.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eri Chaya sold 10,000 shares of the firm’s 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. In the last three months, insiders have sold 66,380 shares of company stock worth $28,922,379. Corporate insiders own 28.10% of the company’s stock.

Institutional Investors Weigh In On RH

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew 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 acquiring an additional 18,040 shares in the last quarter. Vanguard Group Inc. boosted its position in RH by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 1,402,010 shares of the company’s stock valued at $551,817,000 after purchasing an additional 18,389 shares during the last quarter. Anomaly Capital Management LP grew its stake in RH by 9.6% in the fourth quarter. Anomaly Capital Management LP now owns 481,111 shares of the company’s stock valued at $189,360,000 after purchasing an additional 41,986 shares in the last quarter. Alliancebernstein L.P. increased its position in RH by 1,960.8% in 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. Finally, Senvest Management LLC raised its stake in shares of RH by 35.6% during the 4th quarter. Senvest Management LLC now owns 315,368 shares of the company’s stock worth $124,126,000 after purchasing an additional 82,742 shares in the last quarter. Hedge funds and other 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.