RH (NYSE:RH) Sets New 52-Week High – Here’s What Happened

RH (NYSE:RH)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $367.24 and last traded at $366.00, with a volume of 382789 shares traded. The stock had previously closed at $344.73.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wells Fargo & Company boosted their target price on shares of RH from $325.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Morgan Stanley increased their price target on RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. BNP Paribas reiterated an “underperform” rating and set a $253.00 price objective on shares of RH in a research report on Wednesday, November 13th. Robert W. Baird upped their price objective on shares of RH from $275.00 to $290.00 and gave the company a “neutral” rating in a research note on Friday, September 13th. Finally, Stifel Nicolaus upped their target price on RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $326.14.

RH Stock Performance

The firm’s 50-day moving average price is $331.70 and its 200 day moving average price is $285.35. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 215.18, a PEG ratio of 1.83 and a beta of 2.43.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The company had revenue of $829.66 million during 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 revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts predict that RH will post 5.66 EPS for the current fiscal year.

Insider Buying and Selling

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 15.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 approximately $27,016.86. The trade was a 98.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock worth $2,871,935 in the last ninety days. 28.10% of the stock is owned by insiders.

Hedge Funds Weigh In On RH

Hedge funds have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in RH during the third quarter valued at $4,268,000. Invst LLC bought a new stake in shares of RH during the third quarter valued at approximately $752,000. Sender Co & Partners Inc. grew its stake in RH by 30.5% during the third quarter. Sender Co & Partners Inc. now owns 1,108 shares of the company’s stock valued at $371,000 after acquiring an additional 259 shares in the last quarter. M&T Bank Corp grew its position in shares of RH by 46.1% during the third quarter. M&T Bank Corp now owns 1,334 shares of the company’s stock valued at $446,000 after purchasing an additional 421 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in RH during the 3rd quarter valued at approximately $715,000. 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.