RH (NYSE:RH) Stock Price Up 4.7%

RH (NYSE:RH - Get Free Report) rose 4.7% during mid-day trading on Tuesday . The stock traded as high as $289.36 and last traded at $289.29. Approximately 448,952 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 661,735 shares. The stock had previously closed at $276.26.

Analyst Ratings Changes

RH has been the topic of several analyst reports. Oppenheimer reiterated a "market perform" rating on shares of RH in a research note on Monday, April 1st. Loop Capital boosted their price objective on shares of RH from $260.00 to $350.00 and gave the company a "hold" rating in a report on Monday, April 1st. Wedbush boosted their price objective on shares of RH from $275.00 to $320.00 and gave the company a "neutral" rating in a report on Thursday, March 28th. Barclays boosted their price objective on shares of RH from $293.00 to $340.00 and gave the company an "equal weight" rating in a report on Monday, April 1st. Finally, Robert W. Baird boosted their price objective on shares of RH from $280.00 to $300.00 and gave the company a "neutral" rating in a report on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $332.15.

RH Price Performance

The firm has a market capitalization of $5.29 billion, a P/E ratio of 51.83, a price-to-earnings-growth ratio of 2.99 and a beta of 2.46. The stock's 50-day simple moving average is $278.57 and its two-hundred day simple moving average is $268.06.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $1.71 by ($0.99). RH had a negative return on equity of 777.61% and a net margin of 4.21%. The firm had revenue of $738.26 million during the quarter, compared to the consensus estimate of $777.50 million. During the same quarter in the previous year, the company earned $2.88 earnings per share. The business's revenue for the quarter was down 4.4% compared to the same quarter last year. On average, analysts forecast that RH will post 9.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Mark S. Demilio sold 2,000 shares of the company's stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the completion of the transaction, the director now owns 12,991 shares in the company, valued at $4,004,086.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 23.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On RH

Several institutional investors have recently bought and sold shares of RH. Klein Pavlis & Peasley Financial Inc. purchased a new stake in shares of RH in the fourth quarter valued at $1,246,000. Moody National Bank Trust Division purchased a new position in RH in the 4th quarter worth about $1,043,000. Neo Ivy Capital Management purchased a new position in RH in the 3rd quarter worth about $480,000. Suvretta Capital Management LLC purchased a new position in RH in the 2nd quarter worth about $27,418,000. Finally, Hsbc Holdings PLC purchased a new stake in RH in the 3rd quarter worth $10,112,000. Institutional investors own 90.17% of the company's stock.

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.