RH (NYSE:RH) Shares Up 3.8% – Still a Buy?

RH (NYSE:RH) shares shot up 3.8% on Wednesday . The stock traded as high as $243.71 and last traded at $248.19. 89,683 shares were traded during trading, a decline of 88% from the average session volume of 745,746 shares. The stock had previously closed at $239.06.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on RH shares. The Goldman Sachs Group upgraded shares of RH from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $261.00 to $374.00 in a report on Thursday, January 30th. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $383.00 to $515.00 in a research report on Wednesday, January 8th. Wells Fargo & Company decreased their price objective on RH from $500.00 to $375.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Wedbush lowered their target price on RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 26th. Finally, Loop Capital increased their price target on RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, RH presently has an average rating of “Moderate Buy” and an average price target of $400.13.

RH Trading Up 4.4 %

The company has a market cap of $4.64 billion, a price-to-earnings ratio of 71.69, a PEG ratio of 2.65 and a beta of 2.50. The business’s 50 day moving average price is $327.08 and its 200-day moving average price is $351.62.

Insider Buying and Selling at RH

In other news, CAO Christina Hargarten sold 5,280 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the sale, the chief accounting officer now owns 484 shares of the company’s stock, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 66,380 shares of company stock valued at $28,922,379 in the last three months. 28.10% of the stock is currently owned by company insiders.

Institutional Trading of RH

A number of institutional investors have recently bought and sold shares of RH. Wellington Management Group LLP raised its position in shares of RH by 14.0% in the fourth quarter. Wellington Management Group LLP now owns 44,880 shares of the company’s stock valued at $17,664,000 after buying an additional 5,506 shares in the last quarter. 111 Capital bought a new position in RH during the 4th quarter worth $211,000. PKO Investment Management Joint Stock Co bought a new stake in shares of RH during the 4th quarter valued at $590,000. Copia Wealth Management bought a new stake in shares of RH during the 4th quarter valued at $106,000. Finally, Polar Asset Management Partners Inc. grew its holdings in shares of RH by 321.4% during the 4th quarter. Polar Asset Management Partners Inc. now owns 17,700 shares of the company’s stock worth $6,967,000 after purchasing an additional 13,500 shares in the last quarter. 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.