RH (NYSE:RH) Shares Up 3.9% - Time to Buy?

RH (NYSE:RH - Get Free Report) shares rose 3.9% on Friday . The company traded as high as $240.57 and last traded at $243.24. Approximately 411,110 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 763,930 shares. The stock had previously closed at $234.03.

Analyst Upgrades and Downgrades

Several research firms recently commented on RH. Stifel Nicolaus increased their target price on shares of RH from $420.00 to $500.00 and gave the company a "buy" rating in a report on Monday, December 16th. Guggenheim upped their price target on shares of RH from $425.00 to $550.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Robert W. Baird lifted their price objective on RH from $300.00 to $400.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. The Goldman Sachs Group raised RH from a "sell" rating to a "neutral" rating and boosted their target price for the company from $261.00 to $374.00 in a research note on Thursday, January 30th. Finally, Citigroup reduced their price target on RH from $556.00 to $437.00 and set a "buy" rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, RH currently has a consensus rating of "Moderate Buy" and an average price target of $412.56.

RH Stock Performance

The firm has a market cap of $4.68 billion, a PE ratio of 72.59, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. The stock has a 50-day simple moving average of $350.53 and a two-hundred day simple moving average of $352.39.

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Insider Buying and Selling at RH

In other RH news, Director Keith Belling sold 500 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $2,076,714.50. This represents a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Eri Chaya sold 10,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $416.27, for a total value of $4,162,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,380 shares of company stock valued at $28,922,379. Company insiders own 28.10% of the company's stock.

Hedge Funds Weigh In On RH

Several hedge funds have recently modified their holdings of the stock. UMB Bank n.a. increased its holdings in 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 acquiring an additional 39 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of 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 last quarter. GAMMA Investing LLC increased its holdings in shares of RH by 533.3% in the fourth 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 shares of RH by 690.0% in the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock worth $31,000 after buying an additional 69 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its stake in RH by 180.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock valued at $44,000 after buying an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company's stock.

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.