RH (NYSE:RH) Director Keith Belling Sells 500 Shares

RH (NYSE:RH) Director Keith Belling sold 500 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the sale, the director now directly owns 5,470 shares of the company’s stock, valued at approximately $2,270,050. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

RH Stock Down 2.1 %

RH stock traded down $8.37 during midday trading on Thursday, hitting $388.02. 854,351 shares of the company traded hands, compared to its average volume of 727,736. RH has a twelve month low of $212.43 and a twelve month high of $457.26. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of 111.50, a price-to-earnings-growth ratio of 2.73 and a beta of 2.44. The business has a 50 day simple moving average of $354.37 and a 200-day simple moving average of $301.53.

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

Hedge Funds Weigh In On RH

A number of institutional investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after purchasing an additional 74 shares during the period. Ridgewood Investments LLC acquired a new position in shares of RH during the second quarter worth approximately $62,000. Centaurus Financial Inc. bought a new stake in shares of RH in the third quarter valued at approximately $100,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of RH in the third quarter worth $110,000. Finally, Quarry LP acquired a new stake in shares of RH in the third quarter worth $141,000. 90.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RH has been the topic of several research analyst reports. Stifel Nicolaus lifted their target price on RH from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Monday. Barclays lowered their price objective on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Loop Capital increased their target price on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research report on Monday. Wells Fargo & Company boosted their price target on shares of RH from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, Guggenheim increased their price objective on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, RH presently 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.