Stefan Duban Sells 4,285 Shares of RH (NYSE:RH) Stock

RH (NYSE:RH) insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the completion of the sale, the insider now owns 78 shares of the company’s stock, valued at $27,016.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

RH Trading Down 1.3 %

RH stock opened at $344.28 on Friday. The company has a 50-day moving average price of $272.03 and a 200 day moving average price of $268.65. RH has a 12-month low of $207.26 and a 12-month high of $354.86. The stock has a market cap of $6.35 billion, a P/E ratio of 95.37, a PEG ratio of 1.70 and a beta of 2.42.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. During the same quarter last year, the firm earned $3.93 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. As a group, analysts forecast that RH will post 6.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup boosted their price target on shares of RH from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, September 13th. BNP Paribas upgraded shares of RH to a “hold” rating in a research report on Friday, June 14th. Wedbush lifted their price objective on RH from $250.00 to $310.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. Telsey Advisory Group reiterated a “market perform” rating and set a $290.00 price objective on shares of RH in a research note on Tuesday, September 10th. Finally, Morgan Stanley raised their target price on RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $322.54.

Hedge Funds Weigh In On RH

Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of RH by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 265,035 shares of the company’s stock valued at $77,260,000 after acquiring an additional 15,312 shares during the period. Norges Bank acquired a new stake in shares of RH in the fourth quarter valued at $38,736,000. Wells Fargo & Company MN lifted its stake in RH by 3.4% during the 4th quarter. Wells Fargo & Company MN now owns 26,945 shares of the company’s stock worth $7,854,000 after acquiring an additional 891 shares in the last quarter. Quest Partners LLC acquired a new position in RH in the 4th quarter valued at about $37,000. Finally, TCW Group Inc. increased its stake in RH by 8.5% during the fourth quarter. TCW Group Inc. now owns 17,349 shares of the company’s stock worth $5,057,000 after purchasing an additional 1,364 shares during the period. 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.