RH (NYSE:RH) Director Sells $288,990.00 in Stock

RH (NYSE:RH) Director Mark S. Demilio sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total value of $288,990.00. Following the completion of the transaction, the director now owns 11,991 shares in the company, valued at approximately $3,465,279.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

RH Stock Performance

NYSE RH opened at $255.35 on Friday. The stock has a 50-day simple moving average of $279.41 and a 200 day simple moving average of $267.84. The stock has a market capitalization of $4.68 billion, a PE ratio of 45.84, a P/E/G ratio of 2.94 and a beta of 2.46. RH has a twelve month low of $207.26 and a twelve month high of $406.38.

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

Hedge Funds Weigh In On RH

Several large investors have recently added to or reduced their stakes in the company. Raymond James & Associates grew its stake in shares of RH by 81.7% in the 1st quarter. Raymond James & Associates now owns 11,395 shares of the company’s stock valued at $3,716,000 after purchasing an additional 5,124 shares during the period. US Bancorp DE grew its stake in shares of RH by 13.2% in the 1st quarter. US Bancorp DE now owns 650 shares of the company’s stock valued at $213,000 after purchasing an additional 76 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of RH by 2.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,609 shares of the company’s stock valued at $851,000 after purchasing an additional 56 shares during the period. D.A. Davidson & CO. bought a new stake in shares of RH in the 1st quarter valued at approximately $236,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of RH by 10.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,373 shares of the company’s stock valued at $2,078,000 after purchasing an additional 622 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on RH. Loop Capital boosted their target price on RH from $260.00 to $350.00 and gave the company a “hold” 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. Robert W. Baird boosted their price target on RH from $280.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, March 28th. Wedbush boosted their price target on RH from $275.00 to $320.00 and gave the stock a “neutral” rating in a research report on Thursday, March 28th. Finally, Barclays boosted their price target on RH from $293.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Monday, April 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $332.15.

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.