RH (NYSE:RH) Insider Eri Chaya Sells 10,000 Shares

RH (NYSE:RH) insider Eri Chaya sold 10,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $416.27, for a total transaction of $4,162,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

RH Trading Down 2.8 %

Shares of RH stock traded down $11.52 on Tuesday, reaching $403.44. The company had a trading volume of 397,465 shares, compared to its average volume of 395,641. The company has a 50-day moving average of $370.35 and a 200-day moving average of $314.41. RH has a 12 month low of $212.43 and a 12 month high of $457.26. The stock has a market cap of $7.51 billion, a PE ratio of 115.93, a PEG ratio of 2.73 and a beta of 2.43.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc raised 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 acquiring an additional 70 shares during the period. GAMMA Investing LLC raised its stake in shares of RH by 533.3% in the 4th 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 period. Blue Trust Inc. lifted its holdings in shares of 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. Centaurus Financial Inc. acquired a new position in shares of RH during the third quarter worth about $100,000. Finally, Ameliora Wealth Management Ltd. bought a new position in shares of RH during the third quarter worth about $110,000. 90.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RH has been the subject of several research reports. Wells Fargo & Company increased their target price on shares of RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Bank of America raised their price objective on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Citigroup boosted 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. JPMorgan Chase & Co. lowered their price target on shares of RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Finally, BNP Paribas restated an “underperform” rating and set a $253.00 target price on shares of RH in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $402.40.

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.