RH (NYSE:RH) Sees Large Volume Increase on Analyst Upgrade

RH (NYSE:RHGet Free Report) saw unusually-strong trading volume on Tuesday after The Goldman Sachs Group raised their price target on the stock from $201.00 to $264.00. The Goldman Sachs Group currently has a sell rating on the stock. Approximately 225,885 shares changed hands during mid-day trading, a decline of 64% from the previous session’s volume of 625,095 shares.The stock last traded at $316.66 and had previously closed at $334.75.

Other equities research analysts have also issued reports about the company. Loop Capital raised their price objective on RH from $260.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday. Wells Fargo & Company lifted their price target on RH from $350.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Bank of America reduced their price target on RH from $345.00 to $309.00 and set a “buy” rating for the company in a report on Friday, December 8th. Wedbush lifted their price target on RH from $275.00 to $320.00 and gave the company a “neutral” rating in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. lifted their price target on RH from $329.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, RH has a consensus rating of “Hold” and an average target price of $332.15.

Get Our Latest Stock Report on RH

Insiders Place Their Bets

In other news, insider Edward T. Lee sold 2,624 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $264.50, for a total transaction of $694,048.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 23.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Raymond James & Associates raised its stake in shares of RH by 81.7% in the first quarter. Raymond James & Associates now owns 11,395 shares of the company’s stock valued at $3,716,000 after purchasing an additional 5,124 shares in the last quarter. US Bancorp DE raised its stake in shares of RH by 13.2% in the first quarter. US Bancorp DE now owns 650 shares of the company’s stock valued at $213,000 after purchasing an additional 76 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of RH by 2.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,609 shares of the company’s stock valued at $851,000 after purchasing an additional 56 shares in the last quarter. D.A. Davidson & CO. acquired a new position in shares of RH in the first quarter valued at $236,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of RH by 10.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,373 shares of the company’s stock valued at $2,078,000 after purchasing an additional 622 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Price Performance

The business has a 50 day moving average of $276.64 and a 200 day moving average of $268.58. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 60.10, a price-to-earnings-growth ratio of 3.51 and a beta of 2.46.

RH (NYSE:RHGet Free Report) last released its quarterly earnings data on Wednesday, March 27th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.99). RH had a return on equity of 199.51% and a net margin of 4.21%. The company had revenue of $738.26 million for the quarter, compared to analyst estimates of $777.50 million. During the same quarter in the prior year, the company earned $2.88 earnings per share. The business’s revenue was down 4.4% compared to the same quarter last year. On average, sell-side analysts forecast that RH will post 11.8 EPS for the current fiscal year.

About RH

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RH, together with its subsidiaries, operates as a retailer in the home furnishings and operates under RH Galleries and RH brand names in the District of Columbia and Canada, as well as Waterworks showrooms throughout the United States and the United Kingdom. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings.

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