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

RH (NYSE:RH) insider Eri Chaya sold 100,000 shares of RH stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $279.92, for a total value of $27,992,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

RH Trading Up 5.5 %

NYSE:RH opened at $294.19 on Friday. RH has a 12 month low of $207.26 and a 12 month high of $406.38. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 52.82, a PEG ratio of 3.03 and a beta of 2.54. The firm has a fifty day simple moving average of $277.00 and a two-hundred day simple moving average of $268.73.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Creekmur Asset Management LLC acquired a new stake in shares of RH in the 4th quarter worth about $25,000. Benjamin F. Edwards & Company Inc. bought a new stake in RH during the 4th quarter worth approximately $35,000. Quest Partners LLC purchased a new stake in shares of RH in the fourth quarter worth approximately $37,000. Global Retirement Partners LLC lifted its holdings in shares of RH by 120.3% in the fourth quarter. Global Retirement Partners LLC now owns 141 shares of the company’s stock valued at $41,000 after purchasing an additional 77 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new position in shares of RH during the first quarter valued at approximately $47,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analyst Ratings Changes

RH has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on RH from $350.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Robert W. Baird upped their target price on shares of RH from $280.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. Loop Capital lifted their price target on shares of RH from $260.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, April 1st. The Goldman Sachs Group upped their price objective on shares of RH from $201.00 to $264.00 and gave the company a “sell” rating in a research report on Monday, April 1st. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of RH in a research report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, RH presently has an average rating of “Hold” and a consensus price target 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.