RH (NYSE:RH) Shares Gap Down After Insider Selling

RH (NYSE:RHGet Rating) gapped down before the market opened on Friday after an insider sold shares in the company. The stock had previously closed at $288.50, but opened at $280.20. RH shares last traded at $279.34, with a volume of 5,784 shares traded.

Specifically, insider Edward T. Lee sold 2,190 shares of RH stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $300.00, for a total transaction of $657,000.00. Following the sale, the insider now directly owns 2,624 shares of the company’s stock, valued at $787,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Edward T. Lee sold 2,190 shares of RH stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $300.00, for a total transaction of $657,000.00. Following the sale, the insider now directly owns 2,624 shares of the company’s stock, valued at $787,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Eri Chaya sold 10,000 shares of RH stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $266.55, for a total value of $2,665,500.00. Following the sale, the insider now directly owns 53,643 shares in the company, valued at $14,298,541.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,355 shares of company stock valued at $3,883,187. 23.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of RH from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, September 14th. Barclays lifted their target price on shares of RH from $300.00 to $328.00 and gave the company an “overweight” rating in a research note on Monday, September 12th. Morgan Stanley cut their target price on shares of RH from $350.00 to $325.00 and set an “equal weight” rating for the company in a research note on Friday, September 9th. William Blair started coverage on shares of RH in a research note on Wednesday, September 21st. They issued an “outperform” rating for the company. Finally, StockNews.com started coverage on shares of RH in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, RH currently has a consensus rating of “Moderate Buy” and an average price target of $342.13.

RH Stock Performance

The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 1.52 and a beta of 2.10. The company has a current ratio of 3.39, a quick ratio of 2.49 and a debt-to-equity ratio of 2.55. The stock’s 50 day moving average is $255.96 and its two-hundred day moving average is $267.73.

RH (NYSE:RHGet Rating) last announced its earnings results on Thursday, September 8th. The company reported $8.08 earnings per share for the quarter, topping analysts’ consensus estimates of $6.81 by $1.27. The firm had revenue of $991.62 million during the quarter, compared to analyst estimates of $969.20 million. RH had a net margin of 16.95% and a return on equity of 67.69%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $8.48 EPS. Analysts expect that RH will post 24.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On RH

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE lifted its position in RH by 5.8% during the 2nd quarter. US Bancorp DE now owns 688 shares of the company’s stock worth $145,000 after buying an additional 38 shares in the last quarter. DAVENPORT & Co LLC lifted its position in RH by 2.7% during the 1st quarter. DAVENPORT & Co LLC now owns 1,499 shares of the company’s stock worth $489,000 after buying an additional 40 shares in the last quarter. Lincoln Capital LLC lifted its position in RH by 1.2% during the 2nd quarter. Lincoln Capital LLC now owns 3,567 shares of the company’s stock worth $757,000 after buying an additional 44 shares in the last quarter. KB Financial Partners LLC lifted its position in RH by 61.6% during the 1st quarter. KB Financial Partners LLC now owns 118 shares of the company’s stock worth $38,000 after buying an additional 45 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its position in RH by 2.2% during the 3rd quarter. Kestra Advisory Services LLC now owns 2,150 shares of the company’s stock worth $529,000 after buying an additional 46 shares in the last quarter. 83.19% of the stock is owned by institutional investors.

About RH

(Get Rating)

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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