RH (NYSE:RH) Shares Down 2.5%

RH (NYSE:RH) shares traded down 2.5% during trading on Wednesday . The company traded as low as $242.95 and last traded at $243.38. 83,520 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 731,310 shares. The stock had previously closed at $249.50.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wells Fargo & Company decreased their price objective on RH from $360.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. Wedbush dropped their target price on RH from $320.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, June 14th. StockNews.com raised RH to a “sell” rating in a report on Friday, June 21st. Bank of America dropped their price objective on RH from $375.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, June 14th. Finally, Telsey Advisory Group dropped their price objective on RH from $320.00 to $290.00 and set a “market perform” rating on the stock in a report on Friday, June 14th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $310.46.

RH Stock Performance

The stock’s fifty day simple moving average is $259.17 and its two-hundred day simple moving average is $270.10. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 69.11, a price-to-earnings-growth ratio of 0.91 and a beta of 2.42.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, June 13th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.32). RH had a net margin of 2.72% and a negative return on equity of 29.15%. The business had revenue of $726.96 million for the quarter, compared to the consensus estimate of $725.15 million. During the same period in the prior year, the company earned $2.21 EPS. RH’s quarterly revenue was down 1.7% on a year-over-year basis. Analysts predict that RH will post 8.15 EPS for the current fiscal year.

Insider Buying and Selling at RH

In other RH news, Director Mark S. Demilio sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total transaction of $288,990.00. Following the completion of the transaction, the director now directly owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Mark S. Demilio sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total value of $288,990.00. Following the transaction, the director now directly owns 11,991 shares of the company’s stock, valued at $3,465,279.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary G. Friedman bought 34,200 shares of the stock in a transaction on Tuesday, June 25th. The shares were acquired at an average cost of $215.00 per share, for a total transaction of $7,353,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,339,263 shares of the company’s stock, valued at $717,941,545. The disclosure for this purchase can be found here. 28.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Klein Pavlis & Peasley Financial Inc. acquired a new stake in shares of RH during the fourth quarter worth approximately $1,246,000. Moody National Bank Trust Division acquired a new stake in shares of RH in the fourth quarter valued at approximately $1,043,000. Xcel Wealth Management LLC increased its holdings in shares of RH by 6.9% in the fourth quarter. Xcel Wealth Management LLC now owns 95,373 shares of the company’s stock valued at $27,799,000 after purchasing an additional 6,165 shares in the last quarter. Locust Wood Capital Advisers LLC increased its holdings in shares of RH by 190.9% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 87,408 shares of the company’s stock valued at $25,478,000 after purchasing an additional 57,362 shares in the last quarter. Finally, Findell Capital Management LLC bought a new position in RH in the fourth quarter valued at approximately $5,247,000. 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.