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

RH (NYSE:RH - Get Free Report)'s stock price gapped up before the market opened on Friday after StockNews.com upgraded the stock from a sell rating to a hold rating. The stock had previously closed at $381.38, but opened at $443.97. RH shares last traded at $447.62, with a volume of 676,477 shares traded.

Several other equities research analysts have also recently weighed in on RH. Telsey Advisory Group boosted their target price on RH from $290.00 to $330.00 and gave the stock a "market perform" rating in a research note on Monday, December 9th. Wells Fargo & Company increased their target price on shares of RH from $425.00 to $500.00 and gave the company an "overweight" rating in a research report on Friday. Wedbush reissued an "outperform" rating and issued a $500.00 price target (up from $430.00) on shares of RH in a research report on Friday. Robert W. Baird lifted their target price on RH from $300.00 to $400.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Guggenheim upped their target price on RH from $425.00 to $550.00 and gave the company a "buy" rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $377.07.

Insiders Place Their Bets

In related news, insider Edward T. Lee sold 2,000 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 value of $1,484,195.45. Following the completion of the transaction, the insider now directly owns 78 shares in the company, valued at $27,016.86. This represents a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,285 shares of company stock valued at $2,871,935 in the last ninety days. Insiders own 28.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Anomaly Capital Management LP lifted its position in shares of RH by 503.6% during the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company's stock worth $85,365,000 after purchasing an additional 291,368 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of RH by 141.5% in the 3rd quarter. Two Sigma Advisers LP now owns 159,600 shares of the company's stock worth $53,375,000 after acquiring an additional 93,500 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of RH by 58.6% in the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company's stock valued at $42,612,000 after acquiring an additional 64,423 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of RH by 77.0% during the 2nd quarter. Victory Capital Management Inc. now owns 128,711 shares of the company's stock valued at $31,462,000 after acquiring an additional 55,999 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in RH by 24.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 227,247 shares of the company's stock worth $55,548,000 after purchasing an additional 44,278 shares during the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Price Performance

The business's fifty day simple moving average is $347.81 and its 200 day simple moving average is $297.56. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 262.38, a P/E/G ratio of 2.44 and a beta of 2.44.

RH (NYSE:RH - Get Free Report) last released its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. During the same quarter last year, the company earned ($0.42) EPS. RH's revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts forecast that RH will post 5.63 EPS for the current fiscal year.

About RH

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.