Insider Selling: RH (NYSE:RH) Insider Sells 2,000 Shares of Stock

RH (NYSE:RH) insider Edward T. Lee sold 2,000 shares of RH stock in a transaction on Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The sale was disclosed in a filing with the SEC, which is available at this link.

RH Trading Up 1.8 %

Shares of NYSE:RH traded up $6.34 on Friday, reaching $354.44. 528,203 shares of the company’s stock were exchanged, compared to its average volume of 730,435. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 208.50, a PEG ratio of 1.89 and a beta of 2.43. The company has a fifty day moving average of $298.81 and a 200-day moving average of $274.24. RH has a twelve month low of $207.26 and a twelve month high of $358.79.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.69 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 business had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. During the same period last year, the company posted $3.93 earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts forecast that RH will post 5.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded RH to a “sell” rating in a report on Thursday, September 19th. Loop Capital raised their target price on RH from $230.00 to $320.00 and gave the stock a “hold” rating in a report on Monday, September 16th. TD Cowen raised their price objective on RH from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Bank of America boosted their target price on RH from $310.00 to $359.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $290.00 price objective on shares of RH in a research note on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, RH currently has a consensus rating of “Hold” and a consensus target price of $322.54.

Institutional Investors Weigh In On RH

Institutional investors have recently made changes to their positions in the business. Texas Permanent School Fund Corp grew its position in RH by 25.3% during the 2nd quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock valued at $4,098,000 after purchasing an additional 3,387 shares during the last quarter. First Hawaiian Bank raised its holdings in shares of RH by 116.2% in the second quarter. First Hawaiian Bank now owns 5,718 shares of the company’s stock valued at $1,398,000 after acquiring an additional 3,073 shares in the last quarter. Entropy Technologies LP bought a new position in RH in the first quarter worth about $2,200,000. Artemis Investment Management LLP bought a new position in RH in the first quarter worth about $4,637,000. Finally, Sei Investments Co. grew its stake in shares of RH by 25.4% during the first quarter. Sei Investments Co. now owns 23,951 shares of the company’s stock worth $8,341,000 after acquiring an additional 4,847 shares during the last quarter. Hedge funds and other 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.