RH (NYSE:RH) Shares Up 5.9% – Here’s What Happened

Shares of RH (NYSE:RH) shot up 5.9% during mid-day trading on Tuesday . The company traded as high as $171.58 and last traded at $173.2880. 361,078 shares changed hands during trading, a decline of 71% from the average session volume of 1,230,857 shares. The stock had previously closed at $163.67.

Analysts Set New Price Targets

RH has been the subject of several recent research reports. Guggenheim restated a “buy” rating and issued a $300.00 price target on shares of RH in a research report on Friday, September 12th. Zacks Research upgraded shares of RH from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. William Blair downgraded shares of RH from an “outperform” rating to a “market perform” rating in a report on Thursday, October 2nd. Citigroup upped their price objective on RH from $200.00 to $233.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Finally, Cowen reissued a “buy” rating on shares of RH in a research report on Friday, September 12th. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, RH presently has a consensus rating of “Hold” and a consensus price target of $230.25.

RH Stock Up 1.3%

The company has a debt-to-equity ratio of 944.39, a quick ratio of 0.26 and a current ratio of 1.19. The company’s 50-day simple moving average is $165.55 and its two-hundred day simple moving average is $193.71. The firm has a market cap of $3.24 billion, a PE ratio of 31.16, a PEG ratio of 1.11 and a beta of 2.09.

RH (NYSE:RH) last announced its earnings results on Thursday, December 11th. The company reported $1.71 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.42). The business had revenue of $883.81 million for the quarter, compared to the consensus estimate of $883.65 million. RH had a net margin of 3.22% and a negative return on equity of 161.72%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.48 EPS. On average, analysts predict that RH will post 4.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $236.13, for a total transaction of $472,260.00. Following the transaction, the director owned 24,616 shares of the company’s stock, valued at approximately $5,812,576.08. The trade was a 7.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 27.00% of the company’s stock.

Institutional Trading of RH

Several large investors have recently made changes to their positions in RH. Ridgewood Investments LLC increased its stake in RH by 19.8% during the 2nd quarter. Ridgewood Investments LLC now owns 303 shares of the company’s stock worth $57,000 after buying an additional 50 shares during the period. Farther Finance Advisors LLC increased its position in RH by 67.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 151 shares of the company’s stock worth $29,000 after purchasing an additional 61 shares during the period. Arizona State Retirement System boosted its stake in shares of RH by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 4,434 shares of the company’s stock worth $901,000 after acquiring an additional 62 shares in the last quarter. UMB Bank n.a. grew its position in shares of RH by 53.8% in the second quarter. UMB Bank n.a. now owns 180 shares of the company’s stock valued at $34,000 after purchasing an additional 63 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of RH by 12.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 605 shares of the company’s stock worth $114,000 after buying an additional 65 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other 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.