Insider Selling: RH (NYSE:RH) Director Sells 500 Shares of Stock

RH (NYSE:RH) Director Keith Belling sold 500 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the sale, the director now owns 4,970 shares in the company, valued at $2,076,714.50. This trade represents a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Keith Belling also recently made the following trade(s):

• On Tuesday, December 17th, Keith Belling sold 500 shares of RH stock. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00.

RH Price Performance

RH stock traded down $11.52 during mid-day trading on Tuesday, hitting $403.44. 397,465 shares of the company’s stock traded hands, compared to its average volume of 395,641. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 115.93, a P/E/G ratio of 2.73 and a beta of 2.43. The firm has a 50 day simple moving average of $370.35 and a two-hundred day simple moving average of $314.41.

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). RH had a negative return on equity of 32.76% and a net margin of 2.25%. The company 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 posted ($0.42) EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, research analysts anticipate that RH will post 5.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RH

Institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its holdings in RH by 187.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,438 shares of the company’s stock worth $596,000 after purchasing an additional 1,591 shares during the last quarter. National Bank of Canada FI increased its position in RH by 10.5% during the 2nd quarter. National Bank of Canada FI now owns 18,060 shares of the company’s stock worth $4,302,000 after buying an additional 1,719 shares during the period. Victory Capital Management Inc. increased its position in RH by 77.0% during the 2nd quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock worth $31,462,000 after buying an additional 55,999 shares during the period. Arizona State Retirement System lifted its holdings in shares of RH by 2.4% during the second quarter. Arizona State Retirement System now owns 4,101 shares of the company’s stock worth $1,002,000 after buying an additional 95 shares in the last quarter. Finally, X Square Capital LLC boosted its position in shares of RH by 91.1% in the second quarter. X Square Capital LLC now owns 13,776 shares of the company’s stock valued at $3,367,000 after acquiring an additional 6,566 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Morgan Stanley increased their target price on shares of RH from $310.00 to $435.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $485.00 to $500.00 in a research note on Thursday, December 19th. Finally, Robert W. Baird raised their price target on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, RH presently has an average rating of “Hold” and an average price target 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.