RH (NYSE:RH) Shares Gap Up After Analyst Upgrade

RH (NYSE:RH) gapped up prior to trading on Thursday after Gordon Haskett upgraded the stock from a hold rating to an accumulate rating. The stock had previously closed at $611.33, but opened at $666.00. Gordon Haskett now has a $750.00 price target on the stock, up from their previous price target of $550.00. RH shares last traded at $693.76, with a volume of 21,943 shares traded.

A number of other research analysts also recently issued reports on RH. Telsey Advisory Group boosted their target price on shares of RH from $600.00 to $675.00 and gave the company an “outperform” rating in a research report on Monday. Robert W. Baird boosted their price target on shares of RH from $510.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday. Citigroup boosted their price target on shares of RH from $634.00 to $770.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group upgraded shares of RH from an “underperform” rating to a “hold” rating and boosted their price target for the company from $335.00 to $500.00 in a research note on Friday, March 26th. Finally, Wedbush boosted their price target on shares of RH from $700.00 to $720.00 and gave the company an “outperform” rating in a research note on Thursday. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. RH presently has an average rating of “Buy” and a consensus target price of $644.53.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC lifted its holdings in RH by 41.3% during the first quarter. Advisory Services Network LLC now owns 479 shares of the company’s stock valued at $286,000 after purchasing an additional 140 shares during the last quarter. Aperture Investors LLC lifted its holdings in shares of RH by 48.2% in the first quarter. Aperture Investors LLC now owns 40,983 shares of the company’s stock worth $24,450,000 after buying an additional 13,320 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of RH by 18.4% in the first quarter. Principal Financial Group Inc. now owns 58,363 shares of the company’s stock worth $34,819,000 after buying an additional 9,065 shares in the last quarter. Stonnington Group LLC purchased a new stake in shares of RH in the first quarter worth about $428,000. Finally, Virtu Financial LLC lifted its holdings in shares of RH by 355.6% in the first quarter. Virtu Financial LLC now owns 6,601 shares of the company’s stock worth $3,938,000 after buying an additional 5,152 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

The stock has a market capitalization of $14.85 billion, a PE ratio of 74.51, a PEG ratio of 1.98 and a beta of 2.50. The company has a quick ratio of 0.28, a current ratio of 0.87 and a debt-to-equity ratio of 2.38. The firm has a fifty day moving average price of $641.94.

RH (NYSE:RH) last announced its quarterly earnings results on Tuesday, June 8th. The company reported $4.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.69. RH had a net margin of 9.54% and a return on equity of 207.69%. The firm had revenue of $860.79 million for the quarter, compared to the consensus estimate of $757.74 million. During the same period in the prior year, the firm posted $1.27 earnings per share. The company’s revenue for the quarter was up 82.0% on a year-over-year basis. As a group, research analysts expect that RH will post 20.92 earnings per share for the current year.

About RH (NYSE:RH)

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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