Insider Selling: RH (NYSE:RH) Insider Sells 100,000 Shares of Stock

RH (NYSE:RH) insider Eri Chaya sold 100,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $279.92, for a total value of $27,992,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

RH Stock Up 0.2 %

Shares of RH opened at $278.88 on Thursday. The company has a 50 day moving average of $276.60 and a two-hundred day moving average of $268.29. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 50.07, a price-to-earnings-growth ratio of 3.03 and a beta of 2.54. RH has a twelve month low of $207.26 and a twelve month high of $406.38.

RH (NYSE:RH) last announced its earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.99). RH had a negative return on equity of 777.61% and a net margin of 4.21%. The business had revenue of $738.26 million for the quarter, compared to analysts’ expectations of $777.50 million. During the same quarter last year, the firm earned $2.88 earnings per share. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, sell-side analysts expect that RH will post 9.08 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on RH shares. Barclays raised their price target on shares of RH from $293.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Monday, April 1st. Wedbush increased their price objective on RH from $275.00 to $320.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Oppenheimer reaffirmed a “market perform” rating on shares of RH in a research report on Monday, April 1st. Telsey Advisory Group reissued a “market perform” rating and set a $335.00 price target (up previously from $285.00) on shares of RH in a research report on Tuesday, March 26th. Finally, JPMorgan Chase & Co. lifted their price objective on RH from $329.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, RH presently has a consensus rating of “Hold” and an average price target of $332.15.

Hedge Funds Weigh In On RH

Hedge funds and other institutional investors have recently modified their holdings of the stock. Creekmur Asset Management LLC acquired a new position in RH during the 4th quarter valued at approximately $25,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of RH in the 4th quarter valued at $35,000. Quest Partners LLC acquired a new position in shares of RH in the 4th quarter valued at $37,000. Global Retirement Partners LLC raised its stake in RH by 120.3% in the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the company’s stock worth $41,000 after acquiring an additional 77 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new stake in RH during the 1st quarter worth about $47,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

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.