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

RH (NYSE:RH) insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 can be accessed through this hyperlink.

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 transaction 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 transaction of $4,162,700.00.

RH Stock Down 3.9 %

NYSE:RH opened at $417.62 on Friday. RH has a twelve month low of $212.43 and a twelve month high of $457.26. The stock has a market cap of $7.77 billion, a P/E ratio of 120.01, a price-to-earnings-growth ratio of 10.14 and a beta of 2.43. The firm’s fifty day simple moving average is $398.66 and its 200 day simple moving average is $332.01.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (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 35.72%. The company had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. During the same quarter in the prior year, the firm earned ($0.42) EPS. RH’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts expect that RH will post 4.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in RH by 18.0% in the second quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock worth $66,239,000 after purchasing an additional 41,242 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of RH by 4.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock valued at $296,000 after purchasing an additional 47 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of RH during the second quarter valued at approximately $1,298,000. Pacer Advisors Inc. boosted its position in shares of RH by 1.7% in the 2nd quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock worth $572,000 after purchasing an additional 40 shares in the last quarter. Finally, Ensign Peak Advisors Inc grew its stake in shares of RH by 45.1% in the 2nd quarter. Ensign Peak Advisors Inc now owns 9,028 shares of the company’s stock worth $2,207,000 after buying an additional 2,804 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RH. Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $435.00 to $530.00 in a report on Monday, January 13th. BNP Paribas reaffirmed an “underperform” rating and set a $253.00 price objective on shares of RH in a research note on Wednesday, November 13th. Barclays raised RH from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $383.00 to $515.00 in a research note on Wednesday, January 8th. StockNews.com lowered RH from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Finally, Wedbush reiterated an “outperform” rating and issued a $500.00 price objective on shares of RH in a research report on Monday, January 6th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.