Wells Fargo & Company Has Lowered Expectations for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its price objective dropped by equities researchers at Wells Fargo & Company from $500.00 to $375.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 62.76% from the company’s current price.

A number of other equities analysts have also commented on the company. StockNews.com upgraded RH from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Guggenheim raised their target price on RH from $425.00 to $550.00 and gave the company a “buy” rating in a report on Friday, December 13th. Stifel Nicolaus raised their target price on RH from $420.00 to $500.00 and gave the company a “buy” rating in a report on Monday, December 16th. The Goldman Sachs Group raised RH from a “sell” rating to a “neutral” rating and raised their target price for the company from $261.00 to $374.00 in a report on Thursday, January 30th. Finally, Robert W. Baird raised their target price on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $423.27.

RH Price Performance

RH stock opened at $230.40 on Tuesday. The stock’s fifty day moving average price is $360.64 and its two-hundred day moving average price is $351.79. RH has a one year low of $212.04 and a one year high of $457.26. The firm has a market cap of $4.29 billion, a PE ratio of 66.21, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50.

Insider Transactions at RH

In related news, insider Eri Chaya sold 10,000 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $416.27, for a total value of $4,162,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Belling sold 500 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $417.85, for a total value of $208,925.00. Following the completion of the sale, the director now directly owns 4,970 shares of the company’s stock, valued at $2,076,714.50. The trade was a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,380 shares of company stock valued at $28,922,379. Corporate insiders own 28.10% of the company’s stock.

Hedge Funds Weigh In On RH

A number of hedge funds have recently added to or reduced their stakes in the stock. 111 Capital acquired a new position in RH during the 4th quarter valued at about $211,000. PKO Investment Management Joint Stock Co purchased a new position in shares of RH in the 4th quarter worth approximately $590,000. Copia Wealth Management purchased a new position in shares of RH in the 4th quarter worth approximately $106,000. Polar Asset Management Partners Inc. boosted its stake in shares of RH by 321.4% in the 4th quarter. Polar Asset Management Partners Inc. now owns 17,700 shares of the company’s stock worth $6,967,000 after buying an additional 13,500 shares during the last quarter. Finally, Putney Financial Group LLC purchased a new position in shares of RH in the 4th quarter worth approximately $98,000. Institutional investors and hedge funds 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.