RH (NYSE:RH) Director Sells $207,500.00 in Stock

RH (NYSE:RH) Director Keith Belling sold 500 shares of RH stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the transaction, the director now owns 5,470 shares of the company’s stock, valued at approximately $2,270,050. The trade was a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

RH Stock Down 2.1 %

Shares of NYSE RH opened at $388.02 on Friday. RH has a twelve month low of $212.43 and a twelve month high of $457.26. The company’s fifty day moving average is $354.37 and its 200-day moving average is $301.53. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 111.50, a P/E/G ratio of 2.73 and a beta of 2.44.

RH (NYSE:RH) last announced its earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a negative return on equity of 32.76% and a net margin of 2.25%. The company had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. During the same quarter last year, the business posted ($0.42) earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, research analysts anticipate that RH will post 5.63 EPS for the current fiscal year.

Institutional Trading of RH

Several hedge funds and other institutional investors have recently modified their holdings of RH. Nisa Investment Advisors LLC lifted its position in shares of RH by 4.9% in 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. Pacer Advisors Inc. lifted its position in RH by 1.7% during the 2nd quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock worth $572,000 after buying an additional 40 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of RH by 4.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock worth $296,000 after buying an additional 47 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of RH by 3.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company’s stock valued at $579,000 after acquiring an additional 60 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of RH by 308.3% in the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after acquiring an additional 74 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RH. Wedbush reaffirmed an “outperform” rating and issued a $500.00 price target (up from $430.00) on shares of RH in a report on Friday, December 13th. StockNews.com upgraded shares of RH from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. reduced their target price on shares of RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. TD Cowen raised their price target on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 13th. Finally, BNP Paribas restated an “underperform” rating and issued a $253.00 price objective on shares of RH in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $402.40.

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.