RH (NYSE:RH) Sets New 12-Month High – Here’s What Happened

Shares of RH (NYSE:RH) reached a new 52-week high during trading on Friday . The stock traded as high as $367.24 and last traded at $366.00, with a volume of 382789 shares traded. The stock had previously closed at $344.73.

Analysts Set New Price Targets

RH has been the subject of several analyst reports. BNP Paribas reiterated an “underperform” rating and issued a $253.00 price target on shares of RH in a report on Wednesday, November 13th. Telsey Advisory Group reiterated a “market perform” rating and issued a $290.00 target price on shares of RH in a research note on Tuesday, September 10th. Morgan Stanley raised their price target on RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Wedbush raised shares of RH from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $310.00 to $430.00 in a research note on Monday, October 21st. Finally, TD Cowen increased their price objective on shares of RH from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, RH currently has an average rating of “Hold” and a consensus price target of $326.14.

RH Price Performance

The firm has a 50-day simple moving average of $332.62 and a 200 day simple moving average of $285.96. The company has a market capitalization of $6.79 billion, a PE ratio of 216.48, a price-to-earnings-growth ratio of 1.95 and a beta of 2.43.

RH (NYSE:RH) last announced its earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.56 by $0.13. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. During the same period last year, the business posted $3.93 EPS. The company’s revenue was up 3.6% on a year-over-year basis. Equities research analysts expect that RH will post 5.66 EPS for the current fiscal year.

Insider Activity at RH

In other news, insider Edward T. Lee sold 2,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the sale, the insider now directly owns 78 shares of the company’s stock, valued at $27,016.86. The trade was a 98.21 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,285 shares of company stock valued at $2,871,935. Corporate insiders own 28.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC lifted its position in shares of RH by 68.7% during the first quarter. Lazard Asset Management LLC now owns 13,660 shares of the company’s stock worth $4,757,000 after purchasing an additional 5,565 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in RH by 10.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock valued at $231,728,000 after buying an additional 62,198 shares in the last quarter. Caxton Associates LP lifted its holdings in RH by 221.1% during the 1st quarter. Caxton Associates LP now owns 8,327 shares of the company’s stock worth $2,900,000 after buying an additional 5,734 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of RH in the 1st quarter worth approximately $3,274,000. Finally, Janus Henderson Group PLC increased its holdings in shares of RH by 0.4% in the 1st quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock valued at $2,986,000 after acquiring an additional 38 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors.

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.