RH (NYSE:RH) Shares Gap Up - Should You Buy?

RH (NYSE:RH - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $194.28, but opened at $225.80. RH shares last traded at $231.73, with a volume of 658,240 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. StockNews.com cut shares of RH from a "hold" rating to a "sell" rating in a research note on Wednesday, March 19th. UBS Group lowered their price objective on shares of RH from $250.00 to $235.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Guggenheim dropped their price objective on shares of RH from $500.00 to $300.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Robert W. Baird reduced their target price on RH from $400.00 to $215.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, The Goldman Sachs Group lowered their price target on RH from $276.00 to $194.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $275.94.

RH Stock Performance

The firm has a market capitalization of $4.07 billion, a PE ratio of 62.43, a P/E/G ratio of 2.65 and a beta of 2.36. The firm has a fifty day moving average of $199.05 and a 200 day moving average of $315.96.

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

Institutional Trading of RH

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company's stock worth $30,000 after buying an additional 64 shares in the last quarter. Grassi Investment Management bought a new stake in shares of RH in the 4th quarter worth approximately $236,000. Miracle Mile Advisors LLC purchased a new position in RH in the 4th quarter worth about $240,000. FNY Investment Advisers LLC acquired a new stake in shares of RH during the fourth quarter valued at approximately $294,000. Finally, Gateway Investment Advisers LLC acquired a new position in RH in the 4th quarter worth approximately $3,570,000. Institutional investors and hedge funds 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.