RH (NYSE:RH) Trading 6.5% Higher - Still a Buy?

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

Analysts Set New Price Targets

A number of analysts have commented on RH shares. Telsey Advisory Group reduced their price objective on RH from $280.00 to $255.00 and set an "outperform" rating for the company in a research report on Monday, June 9th. Morgan Stanley decreased their price target on shares of RH from $530.00 to $300.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Wells Fargo & Company set a $275.00 price objective on shares of RH in a research note on Friday, June 13th. Loop Capital reduced their price objective on shares of RH from $450.00 to $190.00 and set a "hold" rating for the company in a report on Friday, April 4th. Finally, Citigroup reissued a "neutral" rating and issued a $200.00 target price (down previously from $437.00) on shares of RH in a research note on Thursday, April 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $272.50.

RH Stock Up 4.2%

The firm has a fifty day moving average price of $185.06 and a 200 day moving average price of $290.37. The company has a market cap of $3.56 billion, a P/E ratio of 45.34, a PEG ratio of 0.53 and a beta of 2.19.

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

Hedge Funds Weigh In On RH

Several hedge funds have recently added to or reduced their stakes in RH. Empowered Funds LLC bought a new stake in RH in the fourth quarter valued at approximately $620,000. CIBC Asset Management Inc acquired a new position in RH in the fourth quarter valued at about $219,000. Truist Financial Corp acquired a new position in RH in the fourth quarter valued at about $227,000. Fortis Group Advisors LLC bought a new stake in shares of RH in the fourth quarter worth about $1,907,000. Finally, Alberta Investment Management Corp bought a new stake in shares of RH in the fourth quarter worth about $3,875,000. Institutional investors and hedge funds 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.

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