RH (RH) Receives a Buy from Wells Fargo

By Jason Carr

In a report released today, Zachary Fadem from Wells Fargo maintained a Buy rating on RH (RHResearch Report), with a price target of $195. The company’s shares closed last Monday at $171.51, close to its 52-week high of $174.41.

According to TipRanks.com, Fadem is a 5-star analyst with an average return of 15.7% and a 72.9% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Advance Auto Parts.

RH has an analyst consensus of Moderate Buy, with a price target consensus of $176.50, implying a 1.8% upside from current levels. In a report issued on September 5, Loop Capital Markets also maintained a Buy rating on the stock with a $160 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $174.41 and a one-year low of $84.11. Currently, RH has an average volume of 846.6K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

RH operates as a holding company which operates the business through its subsidiary Restoration Hardware, Inc. It offers furniture, lighting, textiles, bathware, decor, outdoor and garden, as well as baby and child products. The company operates an integrated business with multiple channels of distribution including galleries, source books and websites.