Shares of RH (NYSE:RH - Get Free Report) saw strong trading volume on Monday . 1,635,100 shares traded hands during trading, an increase of 95% from the previous session's volume of 838,933 shares.The stock last traded at $158.61 and had previously closed at $145.66.
Analyst Ratings Changes
Several analysts have recently weighed in on RH shares. UBS Group cut their price objective on RH from $250.00 to $235.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Citigroup reissued a "neutral" rating and issued a $200.00 price target (down from $437.00) on shares of RH in a report on Thursday, April 3rd. Wells Fargo & Company lowered their price objective on shares of RH from $375.00 to $300.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Robert W. Baird cut their target price on shares of RH from $400.00 to $215.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, Stifel Nicolaus reduced their target price on shares of RH from $450.00 to $390.00 and set a "buy" rating for the company in a report on Monday, April 7th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, RH presently has an average rating of "Hold" and an average price target of $283.94.
Check Out Our Latest Report on RH
RH Stock Down 4.2 %
The stock's 50 day moving average price is $277.36 and its two-hundred day moving average price is $339.84. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 47.36, a P/E/G ratio of 2.65 and a beta of 2.44.
RH (NYSE:RH - Get Free Report) last issued its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.33). The firm had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 earnings per share. On average, equities analysts expect that RH will post 4.39 EPS for the current fiscal year.
Insider Activity at RH
In other RH news, insider Eri Chaya sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $447.20, for a total value of $2,361,216.00. Following the transaction, the chief accounting officer now owns 484 shares in the company, valued at approximately $216,444.80. This trade represents a 91.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,880 shares of company stock valued at $24,550,754. 28.10% of the stock is currently owned by corporate insiders.
Institutional Trading of RH
Large investors have recently modified their holdings of the company. Versant Capital Management Inc increased its position in RH by 7,000.0% in the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company's stock worth $28,000 after buying an additional 70 shares during the period. UMB Bank n.a. grew its stake in shares of RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company's stock worth $28,000 after acquiring an additional 39 shares during the last quarter. GAMMA Investing LLC increased its position in RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company's stock worth $30,000 after acquiring an additional 64 shares during the period. Sunbelt Securities Inc. boosted its holdings in RH by 690.0% in the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock valued at $31,000 after purchasing an additional 69 shares during the period. Finally, Rakuten Securities Inc. grew its position in RH by 180.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock worth $44,000 after purchasing an additional 72 shares during the last quarter. 90.17% of the stock is owned by institutional investors.
RH Company Profile
(
Get Free Report)
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.
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