Edward T. Lee Sells 600 Shares of RH (NYSE:RH) Stock

RH (NYSE:RH) insider Edward T. Lee sold 600 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $446.73, for a total value of $268,038.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

RH Price Performance

Shares of RH stock opened at $435.07 on Friday. The business has a 50-day moving average of $394.37 and a 200-day moving average of $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 earnings results on Thursday, December 12th. The company reported $2.48 earnings per share 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 business had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. During the same quarter in the prior year, the business earned ($0.42) earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. On average, equities analysts expect that RH will post 4.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RH

Several large investors have recently modified their holdings of the stock. R Squared Ltd bought a new position in shares of RH during the fourth quarter worth about $130,000. KBC Group NV lifted its holdings in RH by 47.4% in the fourth quarter. KBC Group NV now owns 669 shares of the company’s stock worth $263,000 after acquiring an additional 215 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in RH by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,356 shares of the company’s stock worth $534,000 after acquiring an additional 52 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in RH by 5.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 1,205 shares of the company’s stock worth $474,000 after acquiring an additional 67 shares during the last quarter. Finally, Koshinski Asset Management Inc. bought a new position in RH in the fourth quarter worth about $227,000. Institutional investors own 90.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on RH shares. Stifel Nicolaus upped their price objective on RH from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Telsey Advisory Group upgraded RH from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $485.00 to $500.00 in a report on Thursday, December 19th. Robert W. Baird upped their price objective on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Finally, BNP Paribas reiterated an “underperform” rating and issued a $253.00 price target on shares of RH in a report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $421.73.

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.