RH (NYSE:RH) Insider Edward T. Lee Sells 600 Shares

RH (NYSE:RH) insider Edward T. Lee sold 600 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $446.73, for a total transaction of $268,038.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

RH Price Performance

Shares of NYSE:RH traded down $12.02 on Wednesday, hitting $442.50. 383,160 shares of the company’s stock were exchanged, compared to its average volume of 527,734. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 127.15, a price-to-earnings-growth ratio of 10.24 and a beta of 2.43. RH has a 12 month low of $212.43 and a 12 month high of $457.26. The business’s 50 day simple moving average is $392.05 and its two-hundred day simple moving average is $329.27.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. During the same period in the prior year, the firm posted ($0.42) EPS. The business’s revenue was up 8.1% on a year-over-year basis. Equities analysts forecast that RH will post 4.37 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on RH shares. Guggenheim lifted their price objective on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Stifel Nicolaus upped their price objective on RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Wedbush restated an “outperform” rating and issued a $500.00 price target on shares of RH in a research report on Monday, January 6th. Finally, BNP Paribas reissued an “underperform” rating and issued a $253.00 target price on shares of RH in a report on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $421.73.

Institutional Investors Weigh In On RH

A number of hedge funds have recently made changes to their positions in RH. Nisa Investment Advisors LLC increased its position in shares of RH by 4.9% during the third quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock worth $250,000 after purchasing an additional 35 shares in the last quarter. UMB Bank n.a. increased its position in RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after buying an additional 39 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in RH by 1.7% in the second quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock worth $572,000 after acquiring an additional 40 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of RH by 4.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock worth $296,000 after acquiring an additional 47 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of RH by 4.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,356 shares of the company’s stock valued at $534,000 after acquiring an additional 52 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

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.