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

Shares of RH (NYSE:RH) reached 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 equities analysts have also recently issued reports on RH. StockNews.com upgraded shares of RH to a “sell” rating in a research report on Thursday, September 19th. Barclays lowered their target price on RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Stifel Nicolaus boosted their price target on RH from $315.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Robert W. Baird increased their price objective on RH from $275.00 to $290.00 and gave the company a “neutral” rating in a research note on Friday, September 13th. Finally, Bank of America raised their price target on shares of RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $338.40.

Insider Buying and Selling

In other RH news, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction on Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Stefan Duban sold 4,285 shares of the business’s 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 transaction, the insider now owns 78 shares of the company’s stock, valued at $27,016.86. This trade represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RH

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

RH Stock Up 6.2 %

The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 229.21, a PEG ratio of 2.15 and a beta of 2.44. The company 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 results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) 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 business had revenue of $829.66 million during the quarter, compared to analyst estimates of $824.52 million. During the same period in the prior year, the firm earned $3.93 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. Equities analysts forecast that RH will post 5.63 EPS for the current year.

About RH

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.