RH (NYSE:RH) Hits New 12-Month High on Analyst Upgrade

RH (NYSE:RH) shares hit a new 52-week high during trading on Monday after Telsey Advisory Group raised their price target on the stock from $290.00 to $330.00. Telsey Advisory Group currently has a market perform rating on the stock. RH traded as high as $398.62 and last traded at $398.40, with a volume of 615505 shares. The stock had previously closed at $376.10.

A number of other research analysts have also recently issued reports on the company. Bank of America lifted their price objective on RH from $310.00 to $359.00 and gave the company a “buy” rating in a report on Friday, September 13th. Wedbush raised shares of RH from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $310.00 to $430.00 in a report on Monday, October 21st. Barclays decreased their price objective on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Loop Capital lifted their target price on shares of RH from $230.00 to $320.00 and gave the company a “hold” rating in a research note on Monday, September 16th. Finally, Morgan Stanley increased their price target on RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $338.40.

Insiders Place Their Bets

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 value of $680,600.00. Following the transaction, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 15.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stefan Duban sold 4,285 shares of RH stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the sale, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. This trade represents a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,285 shares of company stock valued at $2,871,935. 28.10% of the stock is currently owned by insiders.

Institutional Trading of RH

A number of hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC raised its position in shares of RH by 4.9% during the third quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock worth $250,000 after purchasing an additional 35 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of RH by 1.7% in the second quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock valued at $572,000 after buying an additional 40 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in RH by 4.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock valued at $296,000 after acquiring an additional 47 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of RH by 3.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company’s stock valued at $579,000 after purchasing an additional 60 shares during the period. Finally, Blue Trust Inc. lifted its stake in RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after acquiring an additional 74 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Trading Up 5.5 %

The company has a market capitalization of $7.32 billion, a P/E ratio of 233.41, a PEG ratio of 2.15 and a beta of 2.44. The firm’s 50 day moving average price is $342.27 and its two-hundred day moving average price is $293.98.

RH (NYSE:RH) last released its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. During the same quarter last year, the firm earned $3.93 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. Analysts anticipate that RH will post 5.63 earnings per share for the current fiscal year.

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.