RH (RH) Gets a Buy Rating from Wells Fargo

Wells Fargo analyst Zachary Fadem maintained a Buy rating on RH (RHResearch Report) yesterday and set a price target of $175. The company’s shares closed last Monday at $158.88, close to its 52-week high of $159.04.

According to TipRanks.com, Fadem is a 5-star analyst with an average return of 16.0% and a 76.1% 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 $152.88 average price target, a -0.5% downside 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.

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RH’s market cap is currently $2.85B and has a P/E ratio of 26.58. The company has a Price to Book ratio of -11.79.

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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.