Insider Selling: RH (NYSE:RH) Insider Sells 600 Shares of Stock

RH (NYSE:RH) insider Edward T. Lee sold 600 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $446.73, for a total value of $268,038.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

RH Stock Down 2.6 %

NYSE:RH traded down $12.02 during trading hours on Wednesday, reaching $442.50. 383,160 shares of the company’s stock were exchanged, compared to its average volume of 527,734. The company has a market capitalization of $8.23 billion, a P/E ratio of 127.15, a price-to-earnings-growth 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 business’s 50-day simple moving average is $392.05 and its two-hundred day simple moving average is $329.27.

RH (NYSE:RH) last issued its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The company had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. During the same quarter in the previous year, the firm earned ($0.42) earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that RH will post 4.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RH. Versant Capital Management Inc boosted its holdings in shares of RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after purchasing an additional 70 shares during the period. UMB Bank n.a. raised its holdings in shares of RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after acquiring an additional 39 shares in the last quarter. GAMMA Investing LLC boosted its position in RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after purchasing an additional 64 shares during the last quarter. Blue Trust Inc. grew its stake in RH by 308.3% in the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after purchasing an additional 74 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new position in RH in the 3rd quarter worth about $100,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wells Fargo & Company raised their target price on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Robert W. Baird raised their price target on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. 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. Stifel Nicolaus increased their price objective on RH from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Wedbush reaffirmed an “outperform” rating and set a $500.00 target price on shares of RH in a research note on Monday, January 6th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, RH has an average rating of “Hold” and a consensus target price of $421.73.

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.