RH (NYSE:RH) Insider Sells $1,484,195.45 in Stock

RH (NYSE:RH) insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the sale, the insider now directly owns 78 shares of the company’s stock, valued at $27,016.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

RH Stock Down 1.3 %

RH stock opened at $344.28 on Monday. RH has a 12-month low of $207.26 and a 12-month high of $354.86. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 95.37, a PEG ratio of 1.70 and a beta of 2.42. The company has a 50 day moving average of $272.03 and a two-hundred day moving average of $268.64.

RH (NYSE:RH) last released its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. During the same quarter in the prior year, the firm earned $3.93 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. On average, research analysts anticipate that RH will post 6.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on RH. Loop Capital increased their target price on shares of RH from $230.00 to $320.00 and gave the company a “hold” rating in a research note on Monday, September 16th. Bank of America increased their target price on shares of RH from $310.00 to $359.00 and gave the company a “buy” rating in a research note on Friday, September 13th. StockNews.com raised shares of RH to a “sell” rating in a research note on Thursday. Wedbush upped their price target on shares of RH from $250.00 to $310.00 and gave the company a “neutral” rating in a research report on Friday, September 13th. Finally, Citigroup upped their price target on shares of RH from $340.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, RH has a consensus rating of “Hold” and a consensus target price of $322.54.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RH. Anomaly Capital Management LP raised its holdings in shares of RH by 503.6% during the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after purchasing an additional 291,368 shares in the last quarter. Norges Bank bought a new position in shares of RH during the 4th quarter valued at $38,736,000. Granahan Investment Management LLC bought a new position in shares of RH during the 4th quarter valued at $24,915,000. Marshall Wace LLP raised its holdings in RH by 58.6% in the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after acquiring an additional 64,423 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in RH by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock worth $231,728,000 after acquiring an additional 62,198 shares during the period. Institutional investors own 90.17% of the company’s stock.

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.