RH (NYSE:RH) Shares Gap Up to $219.19

RH (NYSE:RH) gapped up before the market opened on Thursday . The stock had previously closed at $219.19, but opened at $234.02. RH shares last traded at $237.26, with a volume of 244,437 shares.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RH. StockNews.com upgraded RH to a “sell” rating in a research note on Friday, June 21st. JPMorgan Chase & Co. increased their price target on RH from $329.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Robert W. Baird reduced their price target on RH from $300.00 to $275.00 and set a “neutral” rating on the stock in a research report on Friday, June 14th. BNP Paribas raised RH to a “hold” rating in a research report on Friday, June 14th. Finally, Loop Capital reduced their price target on RH from $350.00 to $230.00 and set a “hold” rating on the stock in a research report on Monday, June 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, RH has a consensus rating of “Hold” and an average target price of $310.46.

RH Stock Performance

The stock has a fifty day simple moving average of $259.31 and a two-hundred day simple moving average of $271.30. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 65.72, a P/E/G ratio of 0.79 and a beta of 2.51.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, June 13th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.32). RH had a net margin of 2.72% and a negative return on equity of 29.15%. The firm had revenue of $726.96 million for the quarter, compared to analyst estimates of $725.15 million. During the same period last year, the business earned $2.21 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. Equities analysts expect that RH will post 8.29 earnings per share for the current fiscal year.

Insider Activity at RH

In related news, insider Eri Chaya sold 100,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $279.92, for a total transaction of $27,992,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Eri Chaya sold 100,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $279.92, for a total transaction of $27,992,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark S. Demilio sold 1,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total value of $288,990.00. Following the transaction, the director now directly owns 11,991 shares of the company’s stock, valued at $3,465,279.09. The disclosure for this sale can be found here. Insiders have sold a total of 103,000 shares of company stock valued at $28,897,430 in the last 90 days. 28.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Klein Pavlis & Peasley Financial Inc. bought a new stake in RH in the 4th quarter valued at about $1,246,000. Moody National Bank Trust Division acquired a new position in RH during the 4th quarter valued at about $1,043,000. Xcel Wealth Management LLC boosted its stake in RH by 6.9% during the 4th quarter. Xcel Wealth Management LLC now owns 95,373 shares of the company’s stock valued at $27,799,000 after purchasing an additional 6,165 shares during the last quarter. Locust Wood Capital Advisers LLC boosted its stake in RH by 190.9% during the 4th quarter. Locust Wood Capital Advisers LLC now owns 87,408 shares of the company’s stock valued at $25,478,000 after purchasing an additional 57,362 shares during the last quarter. Finally, Findell Capital Management LLC acquired a new position in RH during the 4th quarter valued at about $5,247,000. 90.17% of the stock is owned by institutional investors.

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.