RH (NYSE:RH) Shares Gap Up – Time to Buy?

RH (NYSE:RH)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $354.52, but opened at $364.50. RH shares last traded at $362.04, with a volume of 66,998 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Robert W. Baird raised their price objective on shares of RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. StockNews.com upgraded RH to a “sell” rating in a report on Thursday, September 19th. Barclays cut their price target on RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Citigroup increased their price objective on shares of RH from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, Wedbush upgraded shares of RH from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $310.00 to $430.00 in a research report on Monday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $331.77.

RH Stock Performance

The business’s 50-day moving average is $302.37 and its two-hundred day moving average is $274.68. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 198.15, a P/E/G ratio of 2.02 and a beta of 2.43.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, topping 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 company had revenue of $829.66 million for the quarter, compared to analysts’ expectations of $824.52 million. During the same period last year, the firm posted $3.93 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Analysts forecast that RH will post 5.61 EPS for the current year.

Insider Transactions at RH

In related news, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other RH news, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction dated 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 sale, 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. Insiders have sold a total of 8,285 shares of company stock valued at $2,871,935 over the last 90 days. 28.10% of the stock is owned by company insiders.

Institutional Trading of RH

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. increased its stake in shares of RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares during the last quarter. Hollencrest Capital Management bought a new position in RH during the first quarter worth about $47,000. Ridgewood Investments LLC acquired a new position in RH during the second quarter worth approximately $62,000. Ameliora Wealth Management Ltd. bought a new stake in RH in the third quarter valued at approximately $110,000. Finally, CWM LLC lifted its position in shares of RH by 47.2% in the third quarter. CWM LLC now owns 468 shares of the company’s stock valued at $157,000 after buying an additional 150 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

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.