Wells Fargo & Company Issues Pessimistic Forecast for RH (NYSE:RH) Stock Price

RH (NYSE:RH) had its price target cut by analysts at Wells Fargo & Company from $375.00 to $300.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 99.40% from the stock’s current price.

RH has been the subject of several other reports. Bank of America cut their price target on shares of RH from $510.00 to $410.00 and set a “buy” rating for the company in a research report on Wednesday, March 26th. Citigroup restated a “neutral” rating and issued a $200.00 target price (down previously from $437.00) on shares of RH in a research note on Thursday. Loop Capital lifted their price target on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Wedbush dropped their price objective on shares of RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, March 26th. Finally, Barclays decreased their price objective on shares of RH from $515.00 to $436.00 and set an “overweight” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $327.56.

RH Trading Down 39.7 %

RH stock traded down $98.90 during midday trading on Thursday, hitting $150.45. The stock had a trading volume of 8,400,965 shares, compared to its average volume of 893,886. The business has a fifty day moving average price of $323.21 and a two-hundred day moving average price of $350.91. The firm has a market cap of $2.80 billion, a P/E ratio of 43.23, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. RH has a 1-year low of $138.40 and a 1-year high of $457.26.

RH (NYSE:RH) last issued its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.33). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The firm had revenue of $812.41 million during the quarter, compared to the consensus estimate of $828.21 million. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities analysts anticipate that RH will post 4.39 EPS for the current year.

Insider Buying and Selling at RH

In related news, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $208,925.00. Following the transaction, the director now directly owns 4,970 shares in the company, valued at approximately $2,076,714.50. The trade was a 9.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,380 shares of company stock valued at $28,922,379. 28.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On RH

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its holdings in shares of RH by 0.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company’s stock valued at $1,524,000 after buying an additional 29 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of RH by 6.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company’s stock worth $216,000 after acquiring an additional 31 shares during the period. Insight Advisors LLC PA boosted its holdings in RH by 2.3% in the fourth quarter. Insight Advisors LLC PA now owns 1,449 shares of the company’s stock valued at $571,000 after purchasing an additional 33 shares during the period. US Bancorp DE grew its stake in RH by 14.6% during the 4th quarter. US Bancorp DE now owns 283 shares of the company’s stock worth $111,000 after purchasing an additional 36 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in RH by 125.8% during the 4th 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. 90.17% of the stock is owned by hedge funds and other institutional investors.

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.