RH (NYSE:RH) Insider Sells $11,261,250.00 in Stock

RH (NYSE:RH) insider Eri Chaya sold 25,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total value of $11,261,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Eri Chaya also recently made the following trade(s):

• On Tuesday, January 14th, Eri Chaya sold 25,000 shares of RH stock. The shares were sold at an average price of $426.41, for a total value of $10,660,250.00.
• On Monday, January 6th, Eri Chaya sold 10,000 shares of RH stock. The stock was sold at an average price of $416.27, for a total transaction of $4,162,700.00.

RH Price Performance

NYSE RH traded down $12.02 on Wednesday, hitting $442.50. 383,160 shares of the stock were exchanged, compared to its average volume of 527,734. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 127.15, a P/E/G ratio of 10.24 and a beta of 2.43. RH has a 52-week low of $212.43 and a 52-week high of $457.26. The company’s 50-day moving average price is $392.05 and its two-hundred day moving average price is $329.27.

RH (NYSE:RH) last issued its earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The firm had revenue of $811.73 million during the quarter, compared to analysts’ expectations of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.42) EPS. Equities analysts predict that RH will post 4.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Guggenheim upped their price objective on RH from $425.00 to $550.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Wells Fargo & Company raised their target price on RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. StockNews.com cut shares of RH from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Finally, Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $435.00 to $530.00 in a report on Monday, January 13th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $421.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new stake in shares of RH in the third quarter worth about $4,268,000. Lisanti Capital Growth LLC bought a new stake in shares of RH during the 3rd quarter valued at $3,251,000. Invst LLC bought a new stake in RH during the 3rd quarter worth $752,000. Cerity Partners LLC raised its stake in RH by 139.7% during the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock worth $864,000 after buying an additional 1,506 shares during the last quarter. Finally, BlackBarn Capital Partners LP increased its position in RH by 156.8% in the 2nd quarter. BlackBarn Capital Partners LP now owns 43,655 shares of the company’s stock valued at $10,671,000 after buying an additional 26,655 shares in the last quarter. Institutional investors 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.