Christina Hargarten Sells 5,280 Shares of RH (NYSE:RH) Stock

RH (NYSE:RH) CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the sale, the chief accounting officer now owns 484 shares of the company’s stock, valued at $216,444.80. This represents a 91.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

RH Price Performance

NYSE:RH opened at $435.07 on Friday. The firm’s 50-day moving average price is $394.37 and its 200-day moving average price is $330.06. The company has a market capitalization of $8.09 billion, a PE ratio of 125.02, a P/E/G ratio of 10.41 and a beta of 2.43. RH has a 1-year low of $212.43 and a 1-year high of $457.26.

RH (NYSE:RH) last announced its quarterly earnings data 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 net margin of 2.25% and a negative return on equity of 35.72%. The firm had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. During the same period last year, the company posted ($0.42) earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities analysts anticipate that RH will post 4.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on RH. Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $435.00 to $530.00 in a report on Monday, January 13th. Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $383.00 to $515.00 in a report on Wednesday, January 8th. Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and upped their price target for the company from $485.00 to $500.00 in a report on Thursday, December 19th. Wedbush restated an “outperform” rating and issued a $500.00 price objective on shares of RH in a report on Monday, January 6th. Finally, Guggenheim upped their price objective on shares of RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Three analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, RH has a consensus rating of “Hold” and an average price target of $421.73.

Institutional Trading of RH

Several institutional investors have recently bought and sold shares of RH. Two Sigma Advisers LP grew its position in RH by 141.5% during the 3rd quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock valued at $53,375,000 after purchasing an additional 93,500 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in shares of RH during the 4th quarter valued at about $31,384,000. Marshall Wace LLP boosted its holdings in shares of RH by 58.6% during the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock valued at $42,612,000 after acquiring an additional 64,423 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of RH by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after acquiring an additional 41,242 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of RH by 26.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after acquiring an additional 38,572 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

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.