RH (NYSE:RH) Reaches New 12-Month High – Time to Buy?

Shares of RH (NYSE:RH) hit a new 52-week high during trading on Friday . The company traded as high as $358.79 and last traded at $357.00, with a volume of 220373 shares trading hands. The stock had previously closed at $348.10.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Citigroup increased their target price on RH from $340.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. decreased their price target on RH from $345.00 to $338.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Morgan Stanley lifted their price objective on shares of RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Finally, TD Cowen upped their target price on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $322.54.

RH Trading Up 2.3 %

The company has a market cap of $6.56 billion, a price-to-earnings ratio of 206.11, a price-to-earnings-growth ratio of 1.89 and a beta of 2.43. The stock has a 50-day simple moving average of $296.75 and a 200-day simple moving average of $274.11.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.13. The business had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm posted $3.93 earnings per share. As a group, research analysts expect that RH will post 5.61 EPS for the current fiscal year.

Insider Buying and Selling at RH

In other news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the sale, the director now directly owns 10,914 shares of the company’s stock, valued at $3,714,034.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other RH news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the transaction, the director now owns 10,914 shares of the company’s stock, valued at $3,714,034.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the transaction, the insider now directly owns 78 shares in the company, valued at $27,016.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 28.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On RH

A number of hedge funds have recently bought and sold shares of RH. Price T Rowe Associates Inc. MD lifted its stake in shares of RH by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock valued at $231,728,000 after buying an additional 62,198 shares during the period. Anomaly Capital Management LP increased its position in shares of RH by 503.6% during the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after purchasing an additional 291,368 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of RH by 18.0% in the second quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after purchasing an additional 41,242 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in RH by 24.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 227,247 shares of the company’s stock worth $55,548,000 after purchasing an additional 44,278 shares during the period. Finally, Marshall Wace LLP boosted its stake in RH by 58.6% during the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after buying an additional 64,423 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.