RH (NYSE:RH) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

RH (NYSE:RH) had its price objective upped by research analysts at Wells Fargo & Company from $425.00 to $500.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 14.76% from the stock’s current price.

RH has been the subject of a number of other reports. Robert W. Baird increased their price target on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday. Barclays decreased their price target on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Telsey Advisory Group boosted their price objective on RH from $290.00 to $330.00 and gave the stock a “market perform” rating in a report on Monday. Morgan Stanley upped their price objective on shares of RH from $310.00 to $435.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Bank of America boosted their price target on shares of RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $372.40.

RH Stock Up 14.2 %

NYSE:RH traded up $54.33 during trading hours on Friday, hitting $435.71. 2,339,336 shares of the company traded hands, compared to its average volume of 720,617. The company has a market cap of $8.04 billion, a PE ratio of 256.04, a PEG ratio of 2.44 and a beta of 2.44. The firm’s 50-day simple moving average is $345.55 and its 200-day simple moving average is $296.23. RH has a one year low of $212.43 and a one year high of $457.26.

RH (NYSE:RH) last released its quarterly earnings results 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 negative return on equity of 11.29% and a net margin of 1.13%. The firm had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. During the same quarter last year, the firm posted ($0.42) earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities research analysts expect that RH will post 5.63 EPS for the current year.

Insider Buying and Selling at RH

In other RH news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the transaction, the director now owns 10,914 shares in the company, valued at approximately $3,714,034.20. This represents a 15.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value 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. The trade was a 98.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is currently owned by insiders.

Institutional Trading of RH

Institutional investors have recently added to or reduced their stakes in the business. Miracle Mile Advisors LLC purchased a new stake in RH in the second quarter worth approximately $220,000. Raymond James & Associates grew its holdings in shares of RH by 28.1% in the second quarter. Raymond James & Associates now owns 12,864 shares of the company’s stock worth $3,144,000 after acquiring an additional 2,820 shares during the period. Nisa Investment Advisors LLC lifted its holdings in RH by 16.3% in the second quarter. Nisa Investment Advisors LLC now owns 712 shares of the company’s stock valued at $174,000 after acquiring an additional 100 shares during the period. Neo Ivy Capital Management purchased a new position in RH in the second quarter worth about $1,837,000. Finally, Xcel Wealth Management LLC grew its stake in shares of RH by 10.1% during the 2nd quarter. Xcel Wealth Management LLC now owns 122,938 shares of the company’s stock valued at $30,051,000 after purchasing an additional 11,317 shares during the period. 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.