RH (NYSE:RH) Stock Price Up 7.4% - Should You Buy?

RH (NYSE:RH - Get Free Report)'s share price shot up 7.4% during trading on Tuesday . The company traded as high as $199.81 and last traded at $202.91. 352,599 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 1,028,880 shares. The stock had previously closed at $189.01.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on RH shares. Wells Fargo & Company set a $275.00 price target on RH in a report on Friday, June 13th. Citigroup reiterated a "neutral" rating and set a $200.00 price objective (down from $437.00) on shares of RH in a report on Thursday, April 3rd. JPMorgan Chase & Co. lowered 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. Loop Capital dropped their target price on RH from $450.00 to $190.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. Finally, Guggenheim reissued a "buy" rating and issued a $300.00 price target on shares of RH in a research note on Wednesday. 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's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $271.56.

RH Stock Up 1.7%

The company's fifty day moving average price is $189.95 and its two-hundred day moving average price is $276.53. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 48.53, a price-to-earnings-growth ratio of 0.54 and a beta of 2.17.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings data on Thursday, June 12th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.20. RH had a negative return on equity of 67.71% and a net margin of 2.57%. The company had revenue of $813.95 million for the quarter, compared to analyst estimates of $817.66 million. During the same quarter in the previous year, the firm earned ($0.40) earnings per share. The business's revenue was up 12.0% on a year-over-year basis. Research analysts forecast that RH will post 4.39 earnings per share for the current year.

Hedge Funds Weigh In On RH

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. lifted its holdings in RH by 690.0% during the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock worth $31,000 after acquiring an additional 69 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in shares of RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock valued at $44,000 after buying an additional 72 shares during the period. AlphaQuest LLC acquired a new stake in shares of RH during the first quarter worth $29,000. GAMMA Investing LLC lifted its position in RH by 146.1% in the 1st quarter. GAMMA Investing LLC now owns 187 shares of the company's stock valued at $44,000 after acquiring an additional 111 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in RH during the 1st quarter worth about $45,000. 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.