RH (NYSE:RH) Trading 7% Higher - Should You Buy?

Shares of RH (NYSE:RH - Get Free Report) traded up 7% during trading on Tuesday . The stock traded as high as $206.70 and last traded at $208.35. 367,828 shares were traded during trading, a decline of 73% from the average session volume of 1,344,135 shares. The stock had previously closed at $194.67.

Analyst Ratings Changes

RH has been the topic of a number of recent analyst reports. Telsey Advisory Group cut their price target on RH from $280.00 to $255.00 and set an "outperform" rating on the stock in a report on Monday, June 9th. Wells Fargo & Company set a $275.00 price target on RH in a report on Friday, June 13th. Wedbush cut their price target on RH from $500.00 to $350.00 and set an "outperform" rating on the stock in a report on Wednesday, March 26th. Loop Capital cut their price target on RH from $450.00 to $190.00 and set a "hold" rating on the stock in a report on Friday, April 4th. Finally, UBS Group cut their price target on RH from $235.00 to $215.00 and set a "neutral" rating on the stock in a report on Thursday, June 5th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $270.35.

RH Trading Up 8.7%

The stock has a market cap of $3.96 billion, a P/E ratio of 50.39, a P/E/G ratio of 0.57 and a beta of 2.17. The firm's fifty day moving average is $193.71 and its 200 day moving average is $257.41.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings data on Thursday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $817.66 million. During the same quarter in the previous year, the firm posted ($0.40) EPS. The business's revenue was up 12.0% compared to the same quarter last year. Research analysts forecast that RH will post 4.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RH

A number of large investors have recently modified their holdings of the stock. 111 Capital lifted its position in shares of RH by 110.1% during the second quarter. 111 Capital now owns 2,223 shares of the company's stock worth $420,000 after purchasing an additional 1,165 shares in the last quarter. Platinum Investment Management Ltd. raised its stake in shares of RH by 19.6% during the second quarter. Platinum Investment Management Ltd. now owns 1,481 shares of the company's stock worth $280,000 after buying an additional 243 shares during the last quarter. Pacific Point Advisors LLC bought a new stake in shares of RH during the second quarter worth approximately $567,000. SWS Partners raised its stake in shares of RH by 37.7% during the second quarter. SWS Partners now owns 18,059 shares of the company's stock worth $3,413,000 after buying an additional 4,947 shares during the last quarter. Finally, Covenant Asset Management LLC bought a new stake in shares of RH during the second quarter worth approximately $1,833,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.

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