RH (NYSE:RH) CAO Sells $2,361,216.00 in Stock

RH (NYSE:RH) CAO Christina Hargarten sold 5,280 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the sale, the chief accounting officer now directly owns 484 shares in the company, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

RH Price Performance

RH stock opened at $435.07 on Friday. The stock has a market cap of $8.09 billion, a P/E ratio of 125.02, a PEG ratio of 10.41 and a beta of 2.43. RH has a 1 year low of $212.43 and a 1 year high of $457.26. The firm’s 50 day moving average price is $394.37 and its 200-day moving average price is $330.06.

RH (NYSE:RH) last released its quarterly earnings data 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). The company had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.42) EPS. As a group, equities analysts expect that RH will post 4.37 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC grew its holdings in shares of RH by 4.9% in the third quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock valued at $250,000 after purchasing an additional 35 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of RH by 1.7% in the second quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock valued at $572,000 after purchasing an additional 40 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of RH by 4.0% in 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 in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of RH by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,356 shares of the company’s stock valued at $534,000 after purchasing an additional 52 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Loop Capital increased their price objective on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. BNP Paribas reiterated an “underperform” rating and issued a $253.00 price objective on shares of RH in a research note on Wednesday, November 13th. Wells Fargo & Company increased their price objective on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $435.00 to $530.00 in a research note on Monday, January 13th. Finally, StockNews.com cut shares of RH from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, RH presently has an average rating of “Hold” and a consensus price target of $421.73.

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.