RH (NYSE:RH) Insider Sells $11,261,250.00 in Stock

RH (NYSE:RH) insider Eri Chaya sold 25,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Eri Chaya also recently made the following trade(s):

• On Tuesday, January 14th, Eri Chaya sold 25,000 shares of RH stock. The stock was sold at an average price of $426.41, for a total value of $10,660,250.00.
• On Monday, January 6th, Eri Chaya sold 10,000 shares of RH stock. The shares were sold at an average price of $416.27, for a total value of $4,162,700.00.

RH Stock Down 2.6 %

Shares of RH traded down $12.02 during midday trading on Wednesday, reaching $442.50. 383,160 shares of the stock were exchanged, compared to its average volume of 527,734. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 127.15, a P/E/G ratio of 10.24 and a beta of 2.43. RH has a 12-month low of $212.43 and a 12-month high of $457.26. The firm has a 50 day simple moving average of $392.05 and a 200-day simple moving average of $329.27.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. During the same quarter in the prior year, the business posted ($0.42) EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Research analysts expect that RH will post 4.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $435.00 to $530.00 in a report on Monday, January 13th. Stifel Nicolaus boosted their price target on shares of RH from $420.00 to $500.00 and gave the company a “buy” rating in a report on Monday, December 16th. Wells Fargo & Company increased their price objective on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Finally, Loop Capital lifted their price target on RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, RH currently has a consensus rating of “Hold” and a consensus price target of $421.73.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in RH by 18.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after purchasing an additional 41,242 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of RH by 8.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock valued at $82,206,000 after buying an additional 18,563 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of RH by 26.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after buying an additional 38,572 shares during the period. Marshall Wace LLP grew its position in RH by 58.6% during the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after buying an additional 64,423 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in RH by 141.5% during the third quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock valued at $53,375,000 after acquiring an additional 93,500 shares during the period. 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.