RH (NYSE:RH) CEO Purchases $7,353,000.00 in Stock

RH (NYSE:RH) CEO Gary G. Friedman acquired 34,200 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were acquired at an average price of $215.00 per share, with a total value of $7,353,000.00. Following the completion of the transaction, the chief executive officer now owns 3,339,263 shares in the company, valued at $717,941,545. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

RH Price Performance

Shares of RH traded up $20.16 during trading hours on Thursday, hitting $239.35. The stock had a trading volume of 1,741,267 shares, compared to its average volume of 734,531. The firm has a 50 day simple moving average of $259.20 and a 200-day simple moving average of $271.07. The firm has a market capitalization of $4.41 billion, a P/E ratio of 66.30, a price-to-earnings-growth ratio of 0.79 and a beta of 2.51. RH has a 1-year low of $207.26 and a 1-year high of $406.38.

RH (NYSE:RH) last issued its earnings results on Thursday, June 13th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.32). The firm had revenue of $726.96 million during the quarter, compared to analyst estimates of $725.15 million. RH had a net margin of 2.72% and a negative return on equity of 29.15%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.21 earnings per share. Equities analysts predict that RH will post 8.29 EPS for the current fiscal year.

Institutional Trading of RH

Several large investors have recently made changes to their positions in the company. Creekmur Asset Management LLC bought a new position in shares of RH during the 4th quarter worth approximately $25,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of RH during the 4th quarter worth approximately $35,000. Quest Partners LLC bought a new position in shares of RH during the 4th quarter worth approximately $37,000. Global Retirement Partners LLC lifted its position in shares of RH by 120.3% during the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the company’s stock worth $41,000 after buying an additional 77 shares in the last quarter. Finally, Hollencrest Capital Management bought a new position in shares of RH during the 1st quarter worth approximately $47,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RH. Bank of America lowered their target price on RH from $375.00 to $325.00 and set a “buy” rating for the company in a report on Friday, June 14th. Oppenheimer reaffirmed a “market perform” rating on shares of RH in a report on Monday, April 1st. Wells Fargo & Company decreased their price target on RH from $360.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. Telsey Advisory Group decreased their price target on RH from $320.00 to $290.00 and set a “market perform” rating for the company in a research note on Friday, June 14th. Finally, Barclays increased their price target on RH from $293.00 to $340.00 and gave the company an “equal weight” rating in a research note on Monday, April 1st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $310.46.

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.