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

RH (NYSE:RH) insider Eri Chaya sold 100,000 shares of the business’s stock in a transaction that occurred 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 Securities & Exchange Commission, which is available through this hyperlink.

RH Stock Down 0.7 %

RH opened at $278.72 on Wednesday. RH has a 52-week low of $207.26 and a 52-week high of $406.38. The company has a 50 day moving average of $276.31 and a two-hundred day moving average of $268.02. The company has a market cap of $5.11 billion, a P/E ratio of 50.04, a P/E/G ratio of 3.03 and a beta of 2.54.

RH (NYSE:RH) last announced its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates 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 period last year, the company posted $2.88 earnings per share. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. Research analysts anticipate that RH will post 9.08 earnings per share for the current year.

Institutional Investors Weigh In On RH

A number of large investors have recently modified their holdings of RH. Klein Pavlis & Peasley Financial Inc. purchased a new position in RH in the 4th quarter worth approximately $1,246,000. Moody National Bank Trust Division purchased a new position in shares of RH in the fourth quarter valued at $1,043,000. Xcel Wealth Management LLC grew its holdings in RH by 6.9% during the 4th quarter. Xcel Wealth Management LLC now owns 95,373 shares of the company’s stock valued at $27,799,000 after purchasing an additional 6,165 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in RH during the 3rd quarter worth $480,000. Finally, Long Walk Management LP purchased a new stake in RH during the 4th quarter worth $23,318,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Loop Capital lifted their target price on shares of RH from $260.00 to $350.00 and gave the stock a “hold” rating in a research note on Monday, April 1st. Wells Fargo & Company lifted their price objective on RH from $350.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. The Goldman Sachs Group increased their target price on RH from $201.00 to $264.00 and gave the stock a “sell” rating in a research report on Monday, April 1st. Oppenheimer restated a “market perform” rating on shares of RH in a report on Monday, April 1st. Finally, Barclays increased their price objective on shares of RH from $293.00 to $340.00 and gave the stock an “equal weight” rating in a report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.