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

RH (NYSE:RH) had its price target dropped by analysts at Wells Fargo & Company from $500.00 to $375.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 66.63% from the company’s current price.

Other analysts have also recently issued reports about the stock. The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and upped their target price for the company from $261.00 to $374.00 in a report on Thursday, January 30th. Guggenheim upped their price target on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Telsey Advisory Group raised RH from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $485.00 to $500.00 in a research note on Thursday, December 19th. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $435.00 to $530.00 in a research note on Monday, January 13th. Finally, Stifel Nicolaus increased their target price on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $423.27.

RH Stock Down 0.0 %

NYSE RH opened at $225.06 on Tuesday. The company has a 50-day moving average price of $367.82 and a 200-day moving average price of $352.87. RH has a 52 week low of $212.04 and a 52 week high of $457.26. The firm has a market capitalization of $4.19 billion, a P/E ratio of 64.67, a PEG ratio of 2.65 and a beta of 2.50.

Insider Buying and Selling

In other news, CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eri Chaya sold 10,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $416.27, for a total value 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 worth $28,922,379. 28.10% of the stock is owned by insiders.

Institutional Investors Weigh In On RH

Several large investors have recently bought and sold shares of RH. Virtu Financial LLC bought a new stake in shares of RH in the 3rd quarter worth about $4,268,000. Invst LLC bought a new stake in RH during the third quarter worth approximately $752,000. Cerity Partners LLC raised its position in RH by 139.7% during the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after purchasing an additional 1,506 shares during the period. L.M. Kohn & Company purchased a new stake in RH during the fourth quarter valued at approximately $289,000. Finally, Victory Capital Management Inc. lifted its stake in shares of RH by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock valued at $19,949,000 after purchasing an additional 445 shares during the last quarter. 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.