RH (NYSE:RH) Shares Gap Up - Still a Buy?

RH (NYSE:RH - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $175.50, but opened at $182.18. RH shares last traded at $183.46, with a volume of 118,938 shares.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RH. Citigroup reissued a "neutral" rating and issued a $200.00 target price (down from $437.00) on shares of RH in a research note on Thursday, April 3rd. JPMorgan Chase & Co. reduced their target price on RH from $510.00 to $250.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Bank of America raised their price target on RH from $144.00 to $172.00 and gave the stock an "underperform" rating in a research note on Wednesday, May 14th. Loop Capital lowered their target price on RH from $450.00 to $190.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Finally, Telsey Advisory Group dropped their price objective on shares of RH from $420.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $274.69.

RH Stock Up 4.0%

The stock has a market capitalization of $3.42 billion, a PE ratio of 52.33, a PEG ratio of 2.65 and a beta of 2.36. The stock's 50 day moving average price is $184.22 and its 200-day moving average price is $301.00.

RH (NYSE:RH - Get Free Report) last released its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.33). The business had revenue of $812.41 million for the quarter, compared to analysts' expectations of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 EPS. On average, analysts forecast that RH will post 4.39 earnings per share for the current year.

Institutional Trading of RH

Large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in shares of RH by 0.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company's stock valued at $1,524,000 after purchasing an additional 29 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in RH by 6.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company's stock worth $216,000 after buying an additional 31 shares during the period. Insight Advisors LLC PA increased its position in RH by 2.3% during the fourth quarter. Insight Advisors LLC PA now owns 1,449 shares of the company's stock valued at $571,000 after acquiring an additional 33 shares during the last quarter. US Bancorp DE increased its position in RH by 14.6% during the fourth quarter. US Bancorp DE now owns 283 shares of the company's stock valued at $111,000 after acquiring an additional 36 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of RH by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 6,546 shares of the company's stock valued at $2,576,000 after acquiring an additional 40 shares during the period. 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.

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