Insider Selling: RH (NYSE:RH) Director Sells $208,925.00 in Stock

RH (NYSE:RH) Director Keith Belling sold 500 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $417.85, for a total transaction of $208,925.00. Following the completion of the transaction, the director now directly owns 4,970 shares in the company, valued at approximately $2,076,714.50. This represents a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Keith Belling also recently made the following trade(s):

• On Tuesday, December 17th, Keith Belling sold 500 shares of RH stock. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00.

RH Trading Up 0.8 %

Shares of RH opened at $407.20 on Friday. The company has a market capitalization of $7.58 billion, a PE ratio of 117.01, a PEG ratio of 2.73 and a beta of 2.43. The stock’s 50-day moving average price is $375.68 and its two-hundred day moving average price is $317.00. RH has a 12 month low of $212.43 and a 12 month high of $457.26.

RH (NYSE:RH) last announced its 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 company had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. During the same quarter in the previous year, the company earned ($0.42) earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. Equities research analysts predict that RH will post 5.63 EPS for the current fiscal year.

Analysts Set New Price Targets

RH has been the topic of a number of research analyst reports. Citigroup raised their target price on RH from $340.00 to $355.00 and gave the company a “buy” rating in a report on Friday, September 13th. Loop Capital raised their price objective on RH from $320.00 to $450.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Guggenheim boosted their target price on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. reduced their price target 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, Morgan Stanley lifted their price target on shares of RH from $310.00 to $435.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Three equities research 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.com, RH currently has a consensus rating of “Hold” and a consensus target price of $415.40.

Hedge Funds Weigh In On RH

Several hedge funds and other institutional investors have recently bought and sold shares of RH. Nisa Investment Advisors LLC lifted its position in shares of RH by 4.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock valued at $250,000 after acquiring an additional 35 shares during the period. Pacer Advisors Inc. boosted its position in shares of RH by 1.7% during 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. Mercer Global Advisors Inc. ADV grew its stake in shares of RH by 4.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock valued at $296,000 after buying an additional 47 shares during the period. State of Alaska Department of Revenue increased its position in RH by 3.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company’s stock valued at $579,000 after buying an additional 60 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake 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 buying an additional 64 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Company Profile

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.