RH (NYSE:RH) Insider Eri Chaya Sells 100,000 Shares of Stock

RH (NYSE:RH) insider Eri Chaya sold 100,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $279.92, for a total transaction of $27,992,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

RH Stock Down 0.7 %

Shares of NYSE RH opened at $278.72 on Wednesday. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 50.04, a PEG ratio of 3.03 and a beta of 2.54. The firm’s fifty day moving average is $276.31 and its 200 day moving average is $268.02. RH has a 52 week low of $207.26 and a 52 week high of $406.38.

RH (NYSE:RH) last issued its quarterly earnings data on Wednesday, March 27th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.99). The firm had revenue of $738.26 million for the quarter, compared to the consensus estimate of $777.50 million. RH had a net margin of 4.21% and a negative return on equity of 777.61%. The business’s revenue was down 4.4% on a year-over-year basis. During the same period last year, the company posted $2.88 earnings per share. Equities research analysts anticipate that RH will post 9.08 earnings per share for the current year.

Hedge Funds Weigh In On RH

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Creekmur Asset Management LLC bought a new stake in RH in the fourth quarter valued at $25,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of RH during the fourth quarter valued at about $35,000. Quest Partners LLC bought a new position in RH in the fourth quarter worth about $37,000. Global Retirement Partners LLC lifted its holdings in RH by 120.3% in the fourth quarter. Global Retirement Partners LLC now owns 141 shares of the company’s stock worth $41,000 after buying an additional 77 shares during the period. Finally, Hollencrest Capital Management purchased a new position in shares of RH during the 1st quarter worth approximately $47,000. Institutional investors own 90.17% of the company’s stock.

Analyst Ratings Changes

RH has been the topic of several research analyst reports. Robert W. Baird upped their price objective on shares of RH from $280.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, March 28th. Wedbush increased their price target on shares of RH from $275.00 to $320.00 and gave the stock a “neutral” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. upped their target price on shares of RH from $329.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Wells Fargo & Company raised their price target on RH from $350.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $335.00 price objective (up from $285.00) on shares of RH in a report on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $332.15.

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.