Wells Fargo analyst Zachary Fadem maintained a Buy rating on RH (RH) yesterday and set a price target of $150. The company’s shares closed yesterday at $94.89, close to its 52-week low of $84.11.
Fadem said:
“We are raising our FY19/FY20 EPS estimates by 73c/45c to $9.25/$10.45.”
According to TipRanks.com, Fadem is a 4-star analyst with an average return of 7.4% and a 62.2% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Advance Auto Parts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for RH with a $124.70 average price target, representing a 31.4% upside. In a report issued on June 4, Stifel Nicolaus also maintained a Buy rating on the stock with a $120 price target.
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The company has a one-year high of $162.10 and a one-year low of $84.11. Currently, RH has an average volume of 1.33M.
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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.
