RH (NYSE:RH) Trading Up 6.5% - What's Next?

RH (NYSE:RH - Get Free Report) shares traded up 6.5% during mid-day trading on Wednesday . The stock traded as high as $195.19 and last traded at $194.63. 713,083 shares were traded during trading, a decline of 31% from the average session volume of 1,031,322 shares. The stock had previously closed at $182.69.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays lowered their target price on RH from $515.00 to $436.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Loop Capital lowered their price objective on shares of RH from $450.00 to $190.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Guggenheim cut their target price on shares of RH from $500.00 to $300.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Citigroup reiterated a "neutral" rating and set a $200.00 target price (down from $437.00) on shares of RH in a report on Thursday, April 3rd. Finally, Morgan Stanley dropped their price target on shares of RH from $530.00 to $300.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, RH presently has an average rating of "Hold" and a consensus target price of $272.50.

RH Stock Performance

The firm has a 50-day moving average price of $185.88 and a two-hundred day moving average price of $287.06. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 45.02, a price-to-earnings-growth ratio of 0.54 and a beta of 2.19.

RH (NYSE:RH - Get Free Report) last released its quarterly earnings data 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. RH had a net margin of 2.57% and a negative return on equity of 67.71%. The company had revenue of $813.95 million for the quarter, compared to analysts' expectations of $817.66 million. During the same quarter last year, the company earned ($0.40) earnings per share. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. Research analysts anticipate that RH will post 4.39 earnings per share for the current year.

Institutional Investors Weigh In On RH

A number of institutional investors have recently added to or reduced their stakes in RH. AlphaQuest LLC purchased a new position in shares of RH in the 1st quarter valued at about $29,000. Sunbelt Securities Inc. grew its position 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 buying an additional 69 shares during the period. Rakuten Securities Inc. increased its holdings in 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 in the last quarter. GAMMA Investing LLC lifted its position in shares of RH by 146.1% during 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 during the period. Finally, NBC Securities Inc. acquired a new stake in shares of RH during the 1st quarter valued at approximately $45,000. Hedge funds and other 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.