Keith Belling Sells 500 Shares of RH (NYSE:RH) Stock

RH (NYSE:RH) Director Keith Belling sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the completion of the transaction, the director now owns 5,470 shares in the company, valued at $2,270,050. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

RH Trading Down 2.1 %

NYSE RH traded down $8.37 on Thursday, hitting $388.02. 854,351 shares of the stock traded hands, compared to its average volume of 727,736. The stock has a 50-day moving average of $354.37 and a 200 day moving average of $301.53. RH has a twelve month low of $212.43 and a twelve month high of $457.26. The company has a market capitalization of $7.22 billion, a P/E ratio of 111.50, a price-to-earnings-growth ratio of 2.73 and a beta of 2.44.

RH (NYSE:RH) last posted 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 32.76%. The firm had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. During the same period in the prior year, the company posted ($0.42) earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts expect that RH will post 5.63 earnings per share for the current year.

Institutional Investors Weigh In On RH

Institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. lifted its stake in shares of RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after acquiring an additional 74 shares during the period. Ridgewood Investments LLC bought a new position in RH during the 2nd quarter valued at $62,000. Centaurus Financial Inc. acquired a new position in shares of RH during the 3rd quarter valued at $100,000. Ameliora Wealth Management Ltd. acquired a new position in shares of RH during the 3rd quarter valued at $110,000. Finally, Quarry LP acquired a new stake in shares of RH in the third quarter valued at $141,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on RH shares. Wedbush restated an “outperform” rating and set a $500.00 target price (up previously from $430.00) on shares of RH in a report on Friday, December 13th. Guggenheim boosted their price objective on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Morgan Stanley increased their target price on RH from $310.00 to $435.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. reduced their price target on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Finally, BNP Paribas restated an “underperform” rating and issued a $253.00 price target on shares of RH in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $402.40.

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.