A number of other research firms have also recently weighed in on RH. UBS Group dropped their price target on RH from $550.00 to $470.00 and set a neutral rating on the stock in a research note on Wednesday, March 30th. Jefferies Financial Group upgraded RH from a hold rating to a buy rating and dropped their price target for the company from $634.00 to $560.00 in a research note on Wednesday, March 30th. Loop Capital lowered their price objective on RH from $800.00 to $700.00 in a research report on Friday, April 1st. Citigroup lowered their price objective on RH from $668.00 to $535.00 and set a buy rating on the stock in a research report on Thursday, March 31st. Finally, Bank of America lowered their price objective on RH from $700.00 to $650.00 and set a buy rating on the stock in a research report on Wednesday, March 30th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of $598.76.
RH traded down $15.90 during trading hours on Friday, reaching $293.31. The company’s stock had a trading volume of 984,746 shares, compared to its average volume of 959,693. RH has a 52 week low of $286.07 and a 52 week high of $744.56. The company’s 50-day moving average is $346.48 and its 200-day moving average is $464.09. The company has a debt-to-equity ratio of 2.36, a quick ratio of 2.22 and a current ratio of 2.91. The firm has a market cap of $6.37 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 1.15 and a beta of 2.19.
In other news, CFO Jack M. Preston sold 2,222 shares of the firm’s stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $350.00, for a total transaction of $777,700.00. Following the completion of the transaction, the chief financial officer now directly owns 5,622 shares in the company, valued at $1,967,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hilary K. Krane sold 138 shares of the firm’s stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $319.64, for a total value of $44,110.32. Following the transaction, the director now owns 6,978 shares of the company’s stock, valued at $2,230,447.92. The disclosure for this sale can be found here. Insiders sold 447,408 shares of company stock valued at $144,336,637 over the last quarter. Corporate insiders own 33.00% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Darsana Capital Partners LP bought a new stake in RH in the third quarter worth approximately $266,764,000. D1 Capital Partners L.P. increased its holdings in RH by 32.8% in the fourth quarter. D1 Capital Partners L.P. now owns 1,286,235 shares of the company’s stock worth $689,345,000 after purchasing an additional 318,000 shares in the last quarter. Lone Pine Capital LLC increased its holdings in RH by 24.3% in the fourth quarter. Lone Pine Capital LLC now owns 1,603,888 shares of the company’s stock worth $859,588,000 after purchasing an additional 313,268 shares in the last quarter. Select Equity Group L.P. increased its holdings in RH by 169.3% in the fourth quarter. Select Equity Group L.P. now owns 423,889 shares of the company’s stock worth $227,179,000 after purchasing an additional 266,464 shares in the last quarter. Finally, Palestra Capital Management LLC acquired a new stake in RH in the third quarter valued at approximately $165,770,000. Institutional investors own 96.27% of the company’s stock.
RH Company Profile (Get Rating)
RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, dÃ©cor, 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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