Insider Selling: RH (NYSE:RH) Insider Sells 10,000 Shares of Stock

RH (NYSE:RH) insider Eri Chaya sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $416.27, for a total value of $4,162,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

RH Price Performance

RH stock opened at $407.20 on Thursday. The company has a market cap of $7.58 billion, a price-to-earnings ratio of 117.01, a price-to-earnings-growth ratio of 2.73 and a beta of 2.43. RH has a 12 month low of $212.43 and a 12 month high of $457.26. The stock’s 50-day moving average is $372.18 and its 200-day moving average is $315.73.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 32.76%. The business had revenue of $811.73 million during the quarter, compared to analysts’ expectations of $812.19 million. During the same quarter in the previous year, the business posted ($0.42) EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Research analysts anticipate that RH will post 5.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RH. Citigroup upped their price objective on RH from $340.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Guggenheim upped their target price on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a report on Friday, December 13th. Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $383.00 to $515.00 in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on shares of RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Finally, Robert W. Baird lifted their target price on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $415.40.

Institutional Trading of RH

Large investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its position in shares of RH by 7,000.0% in the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after buying an additional 70 shares during the period. GAMMA Investing LLC lifted its position in RH by 533.3% during the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after acquiring an additional 64 shares in the last quarter. Blue Trust Inc. lifted its position in RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after acquiring an additional 74 shares in the last quarter. Centaurus Financial Inc. purchased a new position in RH in the 3rd quarter worth approximately $100,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in RH in the third quarter valued at approximately $110,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.