RH (NYSE:RH) Shares Gap Up – Time to Buy?

Shares of RH (NYSE:RH) gapped up before the market opened on Monday . The stock had previously closed at $194.28, but opened at $225.80. RH shares last traded at $231.73, with a volume of 658,240 shares changing hands.

Analyst Ratings Changes

A number of analysts have commented on RH shares. StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. UBS Group reduced their price objective on shares of RH from $250.00 to $235.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Citigroup reaffirmed a “neutral” rating and set a $200.00 price objective (down from $437.00) on shares of RH in a research note on Thursday, April 3rd. Morgan Stanley reduced their price objective on shares of RH from $530.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. Finally, Guggenheim reduced their price objective on shares of RH from $500.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $273.31.

RH Stock Up 15.8%

The business’s 50-day moving average price is $202.35 and its 200-day moving average price is $317.98. The firm has a market capitalization of $4.22 billion, a PE ratio of 64.68, a price-to-earnings-growth ratio of 2.65 and a beta of 2.36.

RH (NYSE:RH) last released its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. During the same quarter in the prior year, the company posted $0.72 EPS. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, analysts anticipate that RH will post 4.39 EPS for the current fiscal year.

Hedge Funds Weigh In On RH

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its holdings in RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares during the last quarter. GAMMA Investing LLC grew its holdings in RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after purchasing an additional 64 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in RH by 690.0% during the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock valued at $31,000 after purchasing an additional 69 shares during the last quarter. Rakuten Securities Inc. grew its holdings in RH by 180.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after purchasing an additional 72 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in RH during the first quarter valued at approximately $45,000. Institutional investors and hedge funds 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.