Shares of RH (NYSE:RH - Get Free Report) rose 3.8% during trading on Wednesday . The company traded as high as $243.71 and last traded at $248.19. Approximately 89,683 shares changed hands during trading, a decline of 88% from the average daily volume of 745,746 shares. The stock had previously closed at $239.06.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on RH. Robert W. Baird lowered their price objective on shares of RH from $400.00 to $215.00 and set a "neutral" rating on the stock in a research note on Thursday. Citigroup restated a "neutral" rating and issued a $200.00 price target (down from $437.00) on shares of RH in a research report on Thursday. Barclays cut their price objective on shares of RH from $515.00 to $436.00 and set an "overweight" rating for the company in a research report on Thursday. UBS Group decreased their target price on RH from $250.00 to $235.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Morgan Stanley lowered their price target on RH from $530.00 to $300.00 and set an "overweight" rating on the stock in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $293.81.
Get Our Latest Research Report on RH
RH Stock Down 2.7 %
The stock has a fifty day simple moving average of $312.06 and a 200-day simple moving average of $348.23. The company has a market capitalization of $2.70 billion, a P/E ratio of 41.77, a PEG ratio of 2.65 and a beta of 2.44.
RH (NYSE:RH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.33). The firm had revenue of $812.41 million for the quarter, compared to the consensus estimate of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 earnings per share. Analysts predict that RH will post 4.39 earnings per share for the current fiscal year.
Insider Transactions at RH
In other RH news, Director Keith Belling sold 500 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $417.85, for a total value of $208,925.00. Following the completion of the transaction, the director now directly owns 4,970 shares of the company's stock, valued at approximately $2,076,714.50. The trade was a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Eri Chaya sold 10,000 shares of the company's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $416.27, for a total transaction of $4,162,700.00. The disclosure for this sale can be found here. Insiders have sold 66,380 shares of company stock valued at $28,922,379 in the last three months. 28.10% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of RH. UMB Bank n.a. increased its stake in shares of RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company's stock valued at $28,000 after buying an additional 39 shares during the period. Versant Capital Management Inc increased its position in RH by 7,000.0% in the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company's stock worth $28,000 after purchasing an additional 70 shares during the period. GAMMA Investing LLC raised its holdings in RH by 533.3% during the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company's stock worth $30,000 after purchasing an additional 64 shares during the last quarter. Sunbelt Securities Inc. lifted its position in RH by 690.0% during 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. boosted its stake in shares of RH by 180.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock valued at $44,000 after purchasing an additional 72 shares during the last quarter. Institutional investors own 90.17% of the company's stock.
RH Company Profile
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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.
Further Reading
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