RH (NYSE:RH) Trading Up 7.3%

Shares of RH (NYSE:RH) were up 7.3% on Friday . The stock traded as high as $281.84 and last traded at $279.62. Approximately 410,938 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 722,407 shares. The stock had previously closed at $260.65.

Wall Street Analyst Weigh In

A number of research analysts have commented on RH shares. Stifel Nicolaus started coverage on shares of RH in a research note on Tuesday, July 9th. They set a “buy” rating and a $315.00 price objective on the stock. Telsey Advisory Group reduced their price objective on shares of RH from $320.00 to $290.00 and set a “market perform” rating on the stock in a research note on Friday, June 14th. Robert W. Baird reduced their price objective on shares of RH from $300.00 to $275.00 and set a “neutral” rating on the stock in a research note on Friday, June 14th. Oppenheimer reiterated a “market perform” rating on shares of RH in a research note on Monday, April 1st. Finally, Loop Capital reduced their price objective on shares of RH from $350.00 to $230.00 and set a “hold” rating on the stock in a research note on Monday, June 17th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $310.79.

RH Stock Up 7.8 %

The stock’s 50-day moving average is $255.20 and its 200 day moving average is $266.46. The stock has a market capitalization of $5.18 billion, a PE ratio of 77.00, a P/E/G ratio of 0.96 and a beta of 2.42.

RH (NYSE:RH) last posted its earnings results on Thursday, June 13th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.32). The business had revenue of $726.96 million during the quarter, compared to the consensus estimate of $725.15 million. RH had a negative return on equity of 29.15% and a net margin of 2.72%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.21 earnings per share. As a group, equities research analysts forecast that RH will post 8.01 EPS for the current year.

Insider Transactions at RH

In related news, CEO Gary G. Friedman bought 34,200 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The stock was purchased at an average cost of $215.00 per share, for a total transaction of $7,353,000.00. Following the purchase, the chief executive officer now directly owns 3,339,263 shares in the company, valued at $717,941,545. The purchase was disclosed in a filing with the SEC, which is available through this link. In other RH news, insider Eri Chaya sold 100,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $279.92, for a total value of $27,992,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gary G. Friedman purchased 34,200 shares of the stock in a transaction on Tuesday, June 25th. The stock was acquired at an average cost of $215.00 per share, for a total transaction of $7,353,000.00. Following the acquisition, the chief executive officer now directly owns 3,339,263 shares in the company, valued at $717,941,545. The disclosure for this purchase can be found here. 28.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On RH

Several large investors have recently made changes to their positions in RH. Norges Bank bought a new stake in RH during the 4th quarter worth about $38,736,000. Senvest Management LLC grew its holdings in RH by 47.4% during the 4th quarter. Senvest Management LLC now owns 349,517 shares of the company’s stock worth $101,877,000 after acquiring an additional 112,455 shares during the last quarter. Granahan Investment Management LLC bought a new stake in RH during the 4th quarter worth about $24,915,000. Long Walk Management LP bought a new stake in RH during the 4th quarter worth about $23,318,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in RH by 10.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock worth $231,728,000 after acquiring an additional 62,198 shares during the last quarter. 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.