RH (NYSE:RH) Trading 8.9% Higher - Here's What Happened

RH (NYSE:RH - Get Free Report)'s share price shot up 8.9% on Tuesday . The company traded as high as $167.52 and last traded at $169.62. 658,465 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 921,624 shares. The stock had previously closed at $155.79.

Analyst Ratings Changes

RH has been the subject of a number of research reports. Robert W. Baird lowered their price target on RH from $400.00 to $215.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. StockNews.com downgraded shares of RH from a "hold" rating to a "sell" rating in a research report on Wednesday, March 19th. Guggenheim reduced their price target on shares of RH from $500.00 to $300.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Morgan Stanley dropped their price objective on shares of RH from $530.00 to $300.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Finally, The Goldman Sachs Group set a $276.00 target price on shares of RH in a report on Thursday, April 3rd. Three 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $278.44.

RH Trading Up 0.1 %

The stock has a market capitalization of $3.46 billion, a P/E ratio of 53.01, a P/E/G ratio of 2.65 and a beta of 2.44. The stock's 50 day simple moving average is $236.39 and its 200 day simple moving average is $329.27.

RH (NYSE:RH - Get Free Report) last issued its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.91 by ($0.33). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business had revenue of $812.41 million during the quarter, compared to the consensus estimate of $828.21 million. During the same period in the prior year, the business earned $0.72 EPS. The business's revenue was up 10.0% on a year-over-year basis. On average, sell-side analysts expect that RH will post 4.39 EPS for the current fiscal year.

Institutional Trading of RH

Several hedge funds have recently bought and sold shares of RH. Invst LLC bought a new stake in shares of RH during the third quarter valued at approximately $752,000. Virtu Financial LLC acquired a new position in RH during the 3rd quarter worth $4,268,000. Blankinship & Foster LLC bought a new position in shares of RH in the third quarter worth $846,000. Inspire Trust Co. N.A. increased its holdings in shares of RH by 8.6% during the third quarter. Inspire Trust Co. N.A. now owns 5,065 shares of the company's stock valued at $1,694,000 after purchasing an additional 400 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company's stock valued at $28,000 after purchasing an additional 70 shares in the last quarter. 90.17% of the stock is currently owned by 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.