RH (NYSE:RH) Stock Price Up 4.8% - Here's Why

Key Points

• RH's share price increased by 4.8% during trading, reaching a last price of $240.27, although the trading volume decreased significantly to 156,122 shares.
• Wall Street analysts have mixed views on the stock, with a consensus price target of $270.35 and ratings ranging from Buy to Sell based on various reports.
• RH reported earnings of $0.13 per share, surpassing expectations, while revenue was $813.95 million for the quarter, indicating a 12.0% year-over-year growth.

RH (NYSE:RH - Get Free Report)'s stock price shot up 4.8% during trading on Tuesday . The stock traded as high as $240.96 and last traded at $240.27. 156,122 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 1,302,603 shares. The stock had previously closed at $229.21.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RH. Robert W. Baird boosted their price target on RH from $215.00 to $230.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. The Goldman Sachs Group cut RH from a "neutral" rating to a "sell" rating and cut their price objective for the company from $199.00 to $179.00 in a research note on Tuesday, June 24th. Bank of America upped their price objective on RH from $144.00 to $172.00 and gave the company an "underperform" rating in a research note on Wednesday, May 14th. Telsey Advisory Group cut their price objective on RH from $280.00 to $255.00 and set an "outperform" rating on the stock in a research note on Monday, June 9th. Finally, Wall Street Zen upgraded RH from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, RH currently has an average rating of "Hold" and an average target price of $270.35.

RH Trading Up 11.1%

The business has a 50-day moving average price of $207.38 and a two-hundred day moving average price of $223.45. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 57.89, a PEG ratio of 0.71 and a beta of 2.16.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings results on Thursday, June 12th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.20. The business had revenue of $813.95 million for the quarter, compared to analysts' expectations of $817.66 million. RH had a negative return on equity of 67.71% and a net margin of 2.57%.The business's quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.40) EPS. RH has set its Q2 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts predict that RH will post 4.39 earnings per share for the current fiscal year.

Institutional Trading of RH

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. acquired a new stake in shares of RH during the 2nd quarter worth approximately $397,000. Marex Group plc bought a new position in RH in the 2nd quarter worth approximately $231,000. Hollencrest Capital Management grew its holdings in RH by 18.2% in the 2nd quarter. Hollencrest Capital Management now owns 650 shares of the company's stock worth $123,000 after buying an additional 100 shares in the last quarter. FORA Capital LLC bought a new position in RH in the 2nd quarter worth approximately $2,568,000. Finally, Evergreen Capital Management LLC grew its holdings in RH by 3.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 17,243 shares of the company's stock worth $3,259,000 after buying an additional 609 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.