RH (NYSE:RH) Hits New 1-Year High - What's Next?

RH (NYSE:RH - Get Free Report)'s share price reached a new 52-week high on Friday . The stock traded as high as $358.79 and last traded at $357.00, with a volume of 220373 shares changing hands. The stock had previously closed at $348.10.

Analysts Set New Price Targets

RH has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of RH from $345.00 to $338.00 and set an "overweight" rating on the stock in a research report on Monday, September 16th. Stifel Nicolaus raised their price objective on shares of RH from $315.00 to $375.00 and gave the company a "buy" rating in a research report on Monday, September 16th. Morgan Stanley increased their target price on shares of RH from $300.00 to $310.00 and gave the company an "equal weight" rating in a report on Friday, September 13th. Citigroup increased their target price on shares of RH from $340.00 to $355.00 and gave the company a "buy" rating in a report on Friday, September 13th. Finally, Loop Capital increased their target price on shares of RH from $230.00 to $320.00 and gave the company a "hold" rating in a report on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $322.54.

RH Trading Up 1.8 %

The firm has a market cap of $6.54 billion, a P/E ratio of 208.50, a price-to-earnings-growth ratio of 1.89 and a beta of 2.43. The business's fifty day simple moving average is $296.75 and its 200-day simple moving average is $274.11.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.13. The business had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company's revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.93 EPS. Analysts anticipate that RH will post 5.61 earnings per share for the current year.

Insider Activity

In other news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the sale, the director now owns 10,914 shares of the company's stock, valued at approximately $3,714,034.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the sale, the director now owns 10,914 shares of the company's stock, valued at approximately $3,714,034.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of RH stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the sale, the insider now directly owns 78 shares in the company, valued at $27,016.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 28.10% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its position in RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company's stock valued at $33,000 after acquiring an additional 74 shares during the period. Hollencrest Capital Management purchased a new position in RH during the 1st quarter valued at about $47,000. Ridgewood Investments LLC purchased a new position in RH in the second quarter worth about $62,000. Ameliora Wealth Management Ltd. purchased a new position in RH in the third quarter worth about $110,000. Finally, CWM LLC raised its holdings in RH by 47.2% in the third quarter. CWM LLC now owns 468 shares of the company's stock worth $157,000 after buying an additional 150 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Company Profile

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.