Insider Selling: RH (NYSE:RH) Insider Sells $27,992,000.00 in Stock

RH (NYSE:RH) insider Eri Chaya sold 100,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $279.92, for a total transaction of $27,992,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

RH Trading Up 5.5 %

Shares of NYSE RH opened at $294.19 on Friday. RH has a 12-month low of $207.26 and a 12-month high of $406.38. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 52.82, a price-to-earnings-growth ratio of 3.03 and a beta of 2.54. The stock’s 50 day simple moving average is $277.00 and its 200 day simple moving average is $268.73.

RH (NYSE:RH) last posted its earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.99). RH had a net margin of 4.21% and a negative return on equity of 777.61%. The company had revenue of $738.26 million during the quarter, compared to the consensus estimate of $777.50 million. During the same quarter in the previous year, the business posted $2.88 earnings per share. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. As a group, equities analysts forecast that RH will post 9.08 earnings per share for the current fiscal year.

Institutional Trading of RH

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

Analyst Ratings Changes

Several analysts have recently weighed in on the company. The Goldman Sachs Group raised their target price on RH from $201.00 to $264.00 and gave the company a “sell” rating in a research note on Monday, April 1st. Oppenheimer reaffirmed a “market perform” rating on shares of RH in a research report on Monday, April 1st. JPMorgan Chase & Co. lifted their price target on shares of RH from $329.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Wells Fargo & Company raised their price objective on shares of RH from $350.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Finally, Barclays upped their target price on shares of RH from $293.00 to $340.00 and gave the company an “equal weight” rating in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, RH presently has a consensus rating of “Hold” and an average price target of $332.15.

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.