Insider Selling: RH (NYSE:RH) Director Sells 2,000 Shares of Stock

RH (NYSE:RH) Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the sale, the director now owns 10,914 shares of the company’s stock, valued at $3,714,034.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

RH Stock Down 1.3 %

NYSE RH opened at $344.28 on Friday. RH has a twelve month low of $207.26 and a twelve month high of $354.86. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 95.37, a price-to-earnings-growth ratio of 1.70 and a beta of 2.42. The business has a 50-day moving average price of $272.03 and a 200-day moving average price of $268.65.

RH (NYSE:RH) last posted its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The firm had revenue of $829.66 million during the quarter, compared to analyst estimates of $824.52 million. During the same period last year, the firm posted $3.93 earnings per share. RH’s revenue for the quarter was up 3.6% compared to the same quarter last year. Research analysts expect that RH will post 6.2 EPS for the current fiscal year.

Hedge Funds Weigh In On RH

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Creekmur Asset Management LLC bought a new stake in shares of RH in the 4th quarter worth about $25,000. Quest Partners LLC bought a new position in RH in the 4th quarter valued at $37,000. Hollencrest Capital Management purchased a new stake in shares of RH during the first quarter valued at $47,000. Ridgewood Investments LLC bought a new position in shares of RH in the second quarter worth about $62,000. Finally, Tradition Wealth Management LLC increased its stake in RH by 14.8% in the 4th quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RH. Telsey Advisory Group reiterated a “market perform” rating and issued a $290.00 price objective on shares of RH in a research report on Tuesday, September 10th. StockNews.com raised RH to a “sell” rating in a research note on Thursday. Bank of America lifted their price objective on RH from $310.00 to $359.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Citigroup upped their target price on shares of RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. lowered their target price on shares of RH from $345.00 to $338.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $322.54.

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.