RH (NYSE:RH) Hits New 52-Week High on Analyst Upgrade

Shares of RH (NYSE:RH) reached a new 52-week high 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 trading hands. The stock had previously closed at $376.10.

RH has been the topic of a number of other research reports. Wells Fargo & Company increased their price objective on shares of RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Wedbush raised RH from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $310.00 to $430.00 in a research report on Monday, October 21st. Barclays cut their price objective on RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Bank of America boosted their target price on shares of RH from $310.00 to $359.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, Citigroup lifted their price objective on shares of RH from $340.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Three analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $338.40.

Insider Buying and Selling

In other RH news, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were 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 in the company, valued at approximately $3,714,034.20. The trade was a 15.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction 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 represents a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,285 shares of company stock worth $2,871,935 in the last 90 days. 28.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in RH by 308.3% in the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after acquiring an additional 74 shares during the period. Ridgewood Investments LLC bought a new position in shares of RH during the second quarter valued at approximately $62,000. Centaurus Financial Inc. purchased a new position in RH during the third quarter valued at approximately $100,000. Ameliora Wealth Management Ltd. bought a new position in RH in the third quarter worth approximately $110,000. Finally, Quarry LP purchased a new stake in RH during the third quarter worth $141,000. Institutional investors own 90.17% of the company’s stock.

RH Stock Up 6.2 %

The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 229.21, a P/E/G ratio of 2.15 and a beta of 2.44. The business has a 50-day moving average price of $341.02 and a 200-day moving average price of $292.94.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates 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 negative return on equity of 11.29% and a net margin of 1.13%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.93 earnings per share. On average, equities research analysts forecast that RH will post 5.63 earnings per share for the current 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.