Insider Selling: RH (NYSE:RH) CAO Sells 5,280 Shares of Stock

RH (NYSE:RH) CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the transaction, the chief accounting officer now owns 484 shares of the company’s stock, valued at approximately $216,444.80. This represents a 91.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

RH Trading Down 2.6 %

Shares of RH stock traded down $12.02 during mid-day trading on Wednesday, reaching $442.50. The stock had a trading volume of 383,160 shares, compared to its average volume of 527,734. The company has a market cap of $8.23 billion, a P/E ratio of 127.15, a price-to-earnings-growth ratio of 10.24 and a beta of 2.43. RH has a 12-month low of $212.43 and a 12-month high of $457.26. The business has a 50-day simple moving average of $392.05 and a 200 day simple moving average of $329.27.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The company had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.42) earnings per share. Research analysts anticipate that RH will post 4.37 EPS for the current year.

Institutional Investors Weigh In On RH

A number of institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its holdings in shares of RH by 7,000.0% during the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after acquiring an additional 70 shares in the last quarter. UMB Bank n.a. increased its holdings in RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares in the last quarter. GAMMA Investing LLC raised its position in RH by 533.3% in the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after purchasing an additional 64 shares during the period. Blue Trust Inc. lifted its stake in shares of RH by 308.3% during the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in shares of RH in the third quarter worth about $100,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $383.00 to $515.00 in a report on Wednesday, January 8th. Stifel Nicolaus increased their target price on RH from $420.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, December 16th. StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Wells Fargo & Company increased their target price on shares of RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, 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. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $421.73.

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.