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 stock was sold at an average price of $279.92, for a total value of $27,992,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

RH Trading Down 0.7 %

Shares of RH traded down $2.06 during midday trading on Tuesday, reaching $278.72. 461,709 shares of the company were exchanged, compared to its average volume of 681,059. The stock has a 50-day moving average price of $276.05 and a 200-day moving average price of $267.83. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 50.41, a P/E/G ratio of 3.03 and a beta of 2.54. RH has a 1-year low of $207.26 and a 1-year high of $406.38.

RH (NYSE:RH) last released 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). 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 during the quarter, compared to analyst estimates of $777.50 million. During the same quarter last year, the firm posted $2.88 EPS. The company’s revenue was down 4.4% compared to the same quarter last year. Equities research analysts anticipate that RH will post 9.08 earnings per share for the current year.

Analyst Ratings Changes

RH has been the topic of several research reports. Loop Capital raised their price objective on shares of RH from $260.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, April 1st. Barclays boosted 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. Wells Fargo & Company boosted 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. Telsey Advisory Group reissued a “market perform” rating and set a $335.00 price objective (up previously from $285.00) on shares of RH in a report on Tuesday, March 26th. Finally, Oppenheimer restated a “market perform” rating on shares of RH in a research report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $332.15.

Institutional Trading of RH

Several institutional investors and hedge funds have recently bought and sold shares of RH. Insight Advisors LLC PA grew its holdings in shares of RH by 2.8% during the first quarter. Insight Advisors LLC PA now owns 1,447 shares of the company’s stock valued at $504,000 after purchasing an additional 39 shares during the last quarter. Tradition Wealth Management LLC grew its holdings in RH by 14.8% in the 4th quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after buying an additional 45 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in RH by 0.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company’s stock worth $4,659,000 after buying an additional 47 shares in the last quarter. New York Life Investment Management LLC grew its holdings in RH by 4.1% in the 4th quarter. New York Life Investment Management LLC now owns 1,703 shares of the company’s stock worth $496,000 after buying an additional 67 shares in the last quarter. Finally, Global Retirement Partners LLC boosted 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 purchasing an additional 77 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

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.