Wells Fargo & Company Cuts RH (NYSE:RH) Price Target to $250.00

RH (NYSE:RH) had its target price lowered by stock analysts at Wells Fargo & Company from $300.00 to $250.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 34.76% from the stock’s previous close.

A number of other equities research analysts have also commented on RH. Wedbush dropped their price target on RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 26th. Citigroup reaffirmed a “neutral” rating and issued a $200.00 price target (down previously from $437.00) on shares of RH in a research report on Thursday, April 3rd. JPMorgan Chase & Co. lowered their target price on shares of RH from $510.00 to $250.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Guggenheim reduced their price target on shares of RH from $500.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Finally, Wall Street Zen raised RH from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $270.00.

RH Stock Up 1.1%

Shares of RH stock traded up $2.05 on Monday, hitting $185.52. The company’s stock had a trading volume of 877,144 shares, compared to its average volume of 998,343. RH has a 52-week low of $123.03 and a 52-week high of $457.26. The firm has a fifty day moving average price of $183.11 and a 200-day moving average price of $299.46. The company has a market capitalization of $3.47 billion, a P/E ratio of 53.31, a price-to-earnings-growth ratio of 2.65 and a beta of 2.19.

RH (NYSE:RH) last released its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business had revenue of $812.41 million for the quarter, compared to the consensus estimate of $828.21 million. During the same period last year, the firm posted $0.72 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, analysts expect that RH will post 4.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RH. FMR LLC grew its holdings in shares of RH by 0.7% in the fourth quarter. FMR LLC now owns 2,790,314 shares of the company’s stock worth $1,098,240,000 after purchasing an additional 18,040 shares during the last quarter. Vanguard Group Inc. raised its position in shares of RH by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,409,962 shares of the company’s stock valued at $330,509,000 after buying an additional 7,952 shares during the last quarter. Anomaly Capital Management LP increased its holdings in shares of RH by 9.6% in the 4th quarter. Anomaly Capital Management LP now owns 481,111 shares of the company’s stock worth $189,360,000 after buying an additional 41,986 shares during the last quarter. Atreides Management LP raised its holdings in shares of RH by 69.1% in the first quarter. Atreides Management LP now owns 473,321 shares of the company’s stock worth $110,951,000 after buying an additional 193,404 shares during the period. Finally, Alliancebernstein L.P. grew its stake in RH by 1,960.8% in the fourth 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 in 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.