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

RH (NYSE:RH) had its target price cut by Wells Fargo & Company from $500.00 to $375.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group upgraded shares of RH from a “sell” rating to a “neutral” rating and upped their price target for the stock from $261.00 to $374.00 in a research report on Thursday, January 30th. Stifel Nicolaus upped their price objective on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $383.00 to $515.00 in a report on Wednesday, January 8th. Morgan Stanley raised shares of RH from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $435.00 to $530.00 in a report on Monday, January 13th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of RH in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $423.27.

RH Stock Performance

RH stock opened at $234.56 on Tuesday. The company has a 50-day simple moving average of $357.19 and a 200-day simple moving average of $350.97. The firm has a market capitalization of $4.36 billion, a P/E ratio of 67.40, a P/E/G ratio of 2.65 and a beta of 2.50. RH has a one year low of $212.04 and a one year high of $457.26.

Insider Buying and Selling at RH

In other RH 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 transaction of $4,162,700.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following the sale, the chief accounting officer now owns 484 shares in the company, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 66,380 shares of company stock valued at $28,922,379. 28.10% of the stock is owned by insiders.

Institutional Trading of RH

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc increased its holdings in RH by 7,000.0% in the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after buying an additional 70 shares during the last quarter. UMB Bank n.a. boosted its position in RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares during the period. GAMMA Investing LLC boosted its position in RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after purchasing an additional 64 shares during the period. Sunbelt Securities Inc. boosted its position in shares of RH by 690.0% in the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock valued at $31,000 after acquiring an additional 69 shares during the period. Finally, Rakuten Securities Inc. boosted its position in shares of RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after acquiring an additional 72 shares during the period. 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.