RH (NYSE:RH) Price Target Increased to $360.00 by Analysts at Wells Fargo & Company

RH (NYSE:RH) had its target price increased by Wells Fargo & Company from $350.00 to $360.00 in a research note released on Thursday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages also recently issued reports on RH. Robert W. Baird boosted their price target on RH from $280.00 to $300.00 and gave the company a neutral rating in a report on Thursday. Telsey Advisory Group restated a market perform rating and set a $335.00 price target (up previously from $285.00) on shares of RH in a report on Tuesday. Barclays boosted their price target on RH from $256.00 to $293.00 and gave the company an equal weight rating in a report on Friday, December 8th. Bank of America reduced their price target on RH from $345.00 to $309.00 and set a buy rating on the stock in a report on Friday, December 8th. Finally, StockNews.com downgraded RH from a hold rating to a sell rating in a report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Hold and an average price target of $322.07.

RH Trading Up 17.2 %

NYSE RH opened at $347.99 on Thursday. RH has a 1-year low of $207.26 and a 1-year high of $406.38. The stock has a 50-day moving average of $273.49 and a 200-day moving average of $268.20. The firm has a market cap of $6.40 billion, a PE ratio of 62.48, a price-to-earnings-growth ratio of 2.99 and a beta of 2.43.

RH (NYSE:RH) last released its earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.99). RH had a net margin of 4.21% and a return on equity of 199.51%. The company had revenue of $738.26 million during the quarter, compared to the consensus estimate of $777.50 million. During the same period last year, the firm posted $2.88 EPS. The company’s revenue was down 4.4% on a year-over-year basis. As a group, equities research analysts forecast that RH will post 11.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Edward T. Lee sold 2,624 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $264.50, for a total value of $694,048.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 23.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RH

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creekmur Asset Management LLC bought a new position in RH in the 4th quarter valued at approximately $25,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in RH in the 3rd quarter valued at approximately $30,000. Benjamin F. Edwards & Company Inc. bought a new position in RH in the 4th quarter valued at approximately $35,000. Quest Partners LLC bought a new position in RH in the 4th quarter valued at approximately $37,000. Finally, KB Financial Partners LLC lifted its position in RH by 61.6% in the 1st quarter. KB Financial Partners LLC now owns 118 shares of the company’s stock valued at $38,000 after acquiring an additional 45 shares in the last quarter. 90.17% of the stock is owned by institutional investors.

RH Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings and operates under RH Galleries and RH brand names in the District of Columbia and Canada, as well as Waterworks showrooms throughout the United States and the United Kingdom. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings.