RH (NYSE:RH) Shares Gap Up on Analyst Upgrade

RH (NYSE:RH) gapped up prior to trading on Thursday after Robert W. Baird raised their price target on the stock from $280.00 to $300.00. The stock had previously closed at $296.99, but opened at $330.54. Robert W. Baird currently has a neutral rating on the stock. RH shares last traded at $337.20, with a volume of 977,184 shares.

A number of other equities research analysts have also recently commented on RH. Barclays increased their target price on RH from $256.00 to $293.00 and gave the stock an “equal weight” rating in a research note on Friday, December 8th. StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a report on Wednesday, December 13th. Wedbush upped their price target on RH from $275.00 to $320.00 and gave the company a “neutral” rating in a report on Thursday. Telsey Advisory Group reissued a “market perform” rating and issued a $335.00 target price (up previously from $285.00) on shares of RH in a report on Tuesday. Finally, TD Cowen lowered their target price on RH from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $320.29.

Insider Buying and Selling at RH

In other news, insider Edward T. Lee sold 2,624 shares of RH stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $264.50, for a total value of $694,048.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 23.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RH

A number of institutional investors and hedge funds have recently modified their holdings of RH. Creekmur Asset Management LLC bought a new stake in shares of RH during the 4th quarter worth approximately $25,000. KB Financial Partners LLC raised its position in RH by 61.6% during the 1st quarter. KB Financial Partners LLC now owns 118 shares of the company’s stock valued at $38,000 after purchasing an additional 45 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in RH during the 4th quarter valued at $35,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in RH during the 3rd quarter valued at $30,000. Finally, Quest Partners LLC bought a new stake in RH during the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Trading Up 17.2 %

The stock has a 50-day simple moving average of $271.63 and a two-hundred day simple moving average of $268.34. The firm has a market capitalization of $6.41 billion, a P/E ratio of 35.52, a price-to-earnings-growth ratio of 2.85 and a beta of 2.43.

RH (NYSE:RH) last announced its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.99). RH had a net margin of 7.28% and a return on equity of 81.84%. The company had revenue of $738.26 million during the quarter, compared to analysts’ expectations of $777.50 million. During the same quarter in the prior year, the business posted $2.88 earnings per share. The company’s revenue was down 4.4% compared to the same quarter last year. As a group, research analysts expect that RH will post 7.83 EPS for the current year.

About RH

RH, together with its subsidiaries, operates as a retailer in the home furnishings and operates under RH Galleries and RH brand names in the District of Columbia and Canada, as well as Waterworks showrooms throughout the United States and the United Kingdom. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings.