RH (NYSE:RH) Shares Gap Up – What’s Next?

RH (NYSE:RH) shares gapped up before the market opened on Friday . The stock had previously closed at $175.50, but opened at $182.18. RH shares last traded at $183.46, with a volume of 118,938 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RH. Barclays lowered their target price on shares of RH from $515.00 to $436.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. Loop Capital lowered their target price on shares of RH from $450.00 to $190.00 and set a “hold” rating for the company in a research note on Friday, April 4th. Wedbush lowered their target price on shares of RH from $500.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, March 26th. The Goldman Sachs Group lowered their target price on shares of RH from $276.00 to $194.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Finally, Citigroup reissued a “neutral” rating and set a $200.00 target price (down from $437.00) on shares of RH in a research note on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $274.69.

RH Stock Up 4.4%

The firm has a market capitalization of $3.43 billion, a PE ratio of 52.66, a price-to-earnings-growth ratio of 2.65 and a beta of 2.36. The company’s 50-day simple moving average is $183.11 and its 200 day simple moving average is $299.78.

RH (NYSE:RH) last released its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.33). The firm had revenue of $812.41 million for the quarter, compared to analysts’ expectations of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 earnings per share. On average, sell-side analysts forecast that RH will post 4.39 earnings per share for the current fiscal year.

Institutional Trading of RH

Hedge funds have recently modified their holdings of the company. Rhumbline Advisers increased its holdings in shares of RH by 1.2% during the first quarter. Rhumbline Advisers now owns 40,787 shares of the company’s stock valued at $9,561,000 after acquiring an additional 489 shares in the last quarter. SWS Partners increased its holdings in shares of RH by 39.7% during the first quarter. SWS Partners now owns 13,112 shares of the company’s stock valued at $3,074,000 after acquiring an additional 3,725 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of RH by 29.0% during the first quarter. Intech Investment Management LLC now owns 9,790 shares of the company’s stock valued at $2,295,000 after acquiring an additional 2,198 shares in the last quarter. Game Plan Financial Advisors LLC increased its holdings in shares of RH by 4.1% during the first quarter. Game Plan Financial Advisors LLC now owns 8,100 shares of the company’s stock valued at $1,899,000 after acquiring an additional 316 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of RH by 6.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 38,622 shares of the company’s stock valued at $9,053,000 after acquiring an additional 2,244 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other 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.