RH (NYSE:RH) Trading 3.9% Higher – What’s Next?

RH (NYSE:RH) shares rose 3.9% during trading on Friday . The stock traded as high as $240.57 and last traded at $243.24. Approximately 411,110 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 763,930 shares. The stock had previously closed at $234.03.

Analyst Upgrades and Downgrades

RH has been the subject of several recent analyst reports. Robert W. Baird raised their target price on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $485.00 to $500.00 in a report on Thursday, December 19th. Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $435.00 to $530.00 in a report on Monday, January 13th. Loop Capital raised their target price on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Finally, Guggenheim raised their target price on shares of RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $412.44.

RH Trading Up 3.5 %

The stock has a market cap of $4.51 billion, a P/E ratio of 69.61, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. The company’s fifty day simple moving average is $353.74 and its 200-day simple moving average is $351.58.

Insider Buying and Selling at RH

In other news, Director Keith Belling sold 500 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $417.85, for a total value of $208,925.00. Following the sale, the director now owns 4,970 shares of the company’s stock, valued at approximately $2,076,714.50. This represents a 9.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the completion of the sale, the chief accounting officer now directly owns 484 shares in the company, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,380 shares of company stock valued at $28,922,379 in the last 90 days. 28.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RH

Several large investors have recently made changes to their positions in RH. Alliancebernstein L.P. grew its holdings in shares of RH by 1,960.8% in the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock worth $143,148,000 after purchasing an additional 346,050 shares during the last quarter. Norges Bank bought a new stake in shares of RH in the 4th quarter worth about $54,314,000. Raymond James Financial Inc. bought a new stake in shares of RH in the 4th quarter worth about $52,190,000. Freestone Grove Partners LP bought a new stake in shares of RH in the 4th quarter worth about $44,744,000. Finally, American Century Companies Inc. grew its holdings in shares of RH by 2,227.7% in the 4th quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock worth $41,603,000 after purchasing an additional 101,160 shares during the last quarter. Institutional investors 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.